Impact of innovation on performance of shipping companies in Singapore

Singapore’s Transport and Storage Services Industry contributes approximately 9.0% of her GDP and employs over 129,700 people in more than 8,900 different establishments from various sectors. The Singapore Shipping Industry makes up 26.9% of Transport and Storage Services and accounts for the large...

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Main Author: Lin, Shermaine Tingyu.
Other Authors: Chew Ah Seng, David
Format: Final Year Project (FYP)
Language:English
Published: 2009
Subjects:
Online Access:http://hdl.handle.net/10356/16045
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author Lin, Shermaine Tingyu.
author2 Chew Ah Seng, David
author_facet Chew Ah Seng, David
Lin, Shermaine Tingyu.
author_sort Lin, Shermaine Tingyu.
collection NTU
description Singapore’s Transport and Storage Services Industry contributes approximately 9.0% of her GDP and employs over 129,700 people in more than 8,900 different establishments from various sectors. The Singapore Shipping Industry makes up 26.9% of Transport and Storage Services and accounts for the largest share of 24.0% of the sector’s total work force. This amplifies the importance of ensuring continuous and consistent improvements within the industry and innovation is one method of keeping the maritime industry ahead. Hence, an empirical study was conducted to investigate favourable factors and conditions for innovation and the impact of innovation on the performance of Singapore shipping companies. This report, in particular, exhibits one of three parts of findings from the study, pertaining to the influence of organisational and inter-organisational factors on innovation. This report explores the relationship between selected organisational and inter-organisational factors with four types of innovation: Product, Process, Marketing and Organisational. The organisational, inter-organisational and the innovation profiles of shipping companies are gathered through interviews and surveys conducted over the research period. The factorinnovation relationships are then analysed with the SPSS software. Statistical analysis deemed five out of eight factors in Singapore shipping companies favourable to innovation, particularly, Marketing Innovation. The research also identified Marketing Innovation as the most implemented type of innovation in Singapore shipping companies, possibly due to presence of favourable conditions and factors, and Marketing Innovation has had significant impact on shipping companies’ performance. These findings imply that management should ensure administration or creation of relevant favourable factors if there is intention to bring about innovation.
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spelling ntu-10356/160452023-03-03T17:26:05Z Impact of innovation on performance of shipping companies in Singapore Lin, Shermaine Tingyu. Chew Ah Seng, David School of Civil and Environmental Engineering DRNTU::Engineering::Maritime studies::Maritime management and business Singapore’s Transport and Storage Services Industry contributes approximately 9.0% of her GDP and employs over 129,700 people in more than 8,900 different establishments from various sectors. The Singapore Shipping Industry makes up 26.9% of Transport and Storage Services and accounts for the largest share of 24.0% of the sector’s total work force. This amplifies the importance of ensuring continuous and consistent improvements within the industry and innovation is one method of keeping the maritime industry ahead. Hence, an empirical study was conducted to investigate favourable factors and conditions for innovation and the impact of innovation on the performance of Singapore shipping companies. This report, in particular, exhibits one of three parts of findings from the study, pertaining to the influence of organisational and inter-organisational factors on innovation. This report explores the relationship between selected organisational and inter-organisational factors with four types of innovation: Product, Process, Marketing and Organisational. The organisational, inter-organisational and the innovation profiles of shipping companies are gathered through interviews and surveys conducted over the research period. The factorinnovation relationships are then analysed with the SPSS software. Statistical analysis deemed five out of eight factors in Singapore shipping companies favourable to innovation, particularly, Marketing Innovation. The research also identified Marketing Innovation as the most implemented type of innovation in Singapore shipping companies, possibly due to presence of favourable conditions and factors, and Marketing Innovation has had significant impact on shipping companies’ performance. These findings imply that management should ensure administration or creation of relevant favourable factors if there is intention to bring about innovation. Bachelor of Science (Maritime Studies) 2009-05-20T04:47:42Z 2009-05-20T04:47:42Z 2009 2009 Final Year Project (FYP) http://hdl.handle.net/10356/16045 en Nanyang Technological University 48 p. application/pdf
spellingShingle DRNTU::Engineering::Maritime studies::Maritime management and business
Lin, Shermaine Tingyu.
Impact of innovation on performance of shipping companies in Singapore
title Impact of innovation on performance of shipping companies in Singapore
title_full Impact of innovation on performance of shipping companies in Singapore
title_fullStr Impact of innovation on performance of shipping companies in Singapore
title_full_unstemmed Impact of innovation on performance of shipping companies in Singapore
title_short Impact of innovation on performance of shipping companies in Singapore
title_sort impact of innovation on performance of shipping companies in singapore
topic DRNTU::Engineering::Maritime studies::Maritime management and business
url http://hdl.handle.net/10356/16045
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