Enhancement of Indonesia’s blue economy sector through innovation and competitive advantage based on Resource-Based View theory

Rianawati, Andri and Darmasetiawan, Noviaty Kresna and Hadi, Faizal Susilo and Oktavianus, Joshua and Utama, Carissa Avelinda (2024) Enhancement of Indonesia’s blue economy sector through innovation and competitive advantage based on Resource-Based View theory. Problems and Perspectives in Management, 22 (2). pp. 165-181. ISSN 1727-7051; E-ISSN 1810-5467

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Abstract

Indonesia’s blue economy holds immense potential due to the marine ecosystem and maritime area, encompassing the marine fisheries sector, marine tourism, and fisheries influencing the market. Despite this significant potential, these resources have not been optimally utilized to boost economic growth. Therefore, this study aims to investigate the competitive advantage of the Blue Economy sector by enhancing the outcomes of the tourism, processing, and sales of fisheries in Indonesia through the Resource-Based View (RBV) theory. The Resource-Based View theory explains the formulation and creation of competitive advantages by utilizing tangible and intangible resources such as innovation, strategy, capability, and culture. This study employs a quantitative method through an online survey with a total of 319 respondents working in the Blue Economy sector, including fisheries, marine product sellers, and marine tourism. The analytical methodology uses Structural Equation Modeling (SEM) with SMART PLS to assess the determination of competitive advantage. The findings of this study show that capabilities, operational capabilities, response capabilities, technological capabilities, innovation culture, innovation strategy, and strategic alignment significantly influence competitive advantage. Moreover, the competitive advantage in the blue economy sector is most influenced by innovation strategy with a beta of 0.375. This suggests that enhancing innovation strategies can positively impact Indonesia’s fisheries industry, as evidenced by fisheries tourism being the largest tourism sector in Indonesia, competing with international tourism. Additionally, Indonesia’s fisheries sector is a major contributor to exports.

Item Type:	Article
Uncontrolled Keywords:	blue economy, competitive advantage, resource-based view, capability, innovation, strategic alignment, technology, culture
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HF Commerce
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	ANDRI RIANAWATI
Date Deposited:	06 May 2024 01:23
Last Modified:	06 May 2024 01:23
URI:	http://repository.ubaya.ac.id/id/eprint/46318

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