Organisations are spending substantial resources on implementing product and process innovations. It is, therefore, important to evaluate if the implementation of those innovations substantially improves the effectiveness of business operations, meets the organisation’s expectations, and gains a sustainable competitive advantage. Quantitative data from 250 questionnaires were analysed using structural equation modelling. Respondents were selected from several industries in Colombia. Initial findings suggest that strategies have an indirect impact on operational effectiveness through the success of the organisational learning process. However, the organisations investigated lack the appropriate application of linkages and process innovation to achieve operational effectiveness and, therefore, sustainable competitiveness. The paper offers useful insights for organisations when implementing innovation initiatives. It also provides information for Colombian Government institutions on developing mechanisms, economic policy strategies, and business support services for enhancing the economic and commercial viability of Colombian companies in the manufacturing and service sectors. The studied organisations need to redefine the role of linkages and process innovation to complement organisational learning, as all the three dimensions together are required to foster operational effectiveness.
Countries that achieve economic complexity in a holistic way are well-prepared to respond to external shocks through internal processes that may also improve their resilience. This article suggests that the Economic Complexity Index (ECI) can capture this ‘resilience dimension’ of complex economies and assesses their contribution to sustainable change through the amalgamation of export and import information. This novel methodological approach incorporates import information by applying amalgamation on a pre S-Level, which is based on the Lie-Trotter methodology, inducing a Random Walk on a Graph. In the empirical part, this procedure is examined. It shows that the ECI ranking may not always reflect the underlying internal economic complexity of a country, and with it, the country’s resilience and contribution to sustainable change. The novel approach is to some extent comparable with the degree of eligibility criteria of the original ECI and consistent with the organic evolutionary character of complex economies. After translating the ECI framework into its stochastic counterpart, the proofs of its interpretation in statistic and probabilistic terms, and its relationship to the Shannon Entropy are conducted. Coherency conditions of sustainability as further eligibility criteria are formulated and the degree of coherency of the ECI is investigated. In view of the challenges related to data preparation, we suggest applying the approach to a broader set of data including import information in order to gain additional insights in a country’s internal economic complexity and resilience.
He is an interdisciplinary social scientist with a Master's Degree in Geography and a PhD in Agricultural Economics. During his postdoctoral research in public policy, he focused on the role of science, technology, and innovation for sustainable development, with a particular interest in the institutional framework conditions that enable effective public-private partnerships to become drivers of sustainable change. Prior to his position at CCRS, Dr. Aerni worked at Harvard University, ETH Zurich, and the University of Berne, as well as the Food and Agriculture Organisation of the United Nations (FAO). He currently teaches at ETH Zurich, the University of Zurich and the University of Basel. His team at CCRS closely works with partners in academia, government, civil society and business in Switzerland and abroad on practiceoriented and interdisciplinary research projects related to sustainable change in business and society.Marianthe Stavridou is Head of Business Ethics at CCRS. She studied Linguistics and History at the University of Bern (Switzerland), Sociology and Law in Milan and Rome (Italy) and Corporate Communications and Sustainable Finance at the University of Zurich (Switzerland). Prior to CCRS, she worked in different institutes, think tanks and the private sector. Her research interests include social resilience, migration, entrepreneurship, inclusive growth, SMEs, the SDGs, and business ethics.Isabelle Schluep is head of the sustainable impact research group at the Center for Corporate Responsibility and Sustainability (CCRS) at the University of Zurich. Her areas of expertise include international trade, public policy, development, food and agriculture. Isabelle conducts interdisciplinary research and develops tools together with industry partners to measure the sustainability performance of companies.
He is an interdisciplinary social scientist with a Master's Degree in Geography and a PhD in Agricultural Economics. During his postdoctoral research in public policy, he focused on the role of science, technology, and innovation for sustainable development, with a particular interest in the institutional framework conditions that enable effective public-private partnerships to become drivers of sustainable change. Prior to his position at CCRS, Dr. Aerni worked at Harvard University, ETH Zurich, and the University of Berne, as well as the Food and Agriculture Organisation of the United Nations (FAO). He currently teaches at ETH Zurich, the University of Zurich and the University of Basel. His team at CCRS closely works with partners in academia, government, civil society and business in Switzerland and abroad on practiceoriented and interdisciplinary research projects related to sustainable change in business and society.Marianthe Stavridou is Head of Business Ethics at CCRS. She studied Linguistics and History at the University of Bern (Switzerland), Sociology and Law in Milan and Rome (Italy) and Corporate Communications and Sustainable Finance at the University of Zurich (Switzerland). Prior to CCRS, she worked in different institutes, think tanks and the private sector. Her research interests include social resilience, migration, entrepreneurship, inclusive growth, SMEs, the SDGs, and business ethics.Isabelle Schluep is head of the sustainable impact research group at the Center for Corporate Responsibility and Sustainability (CCRS) at the University of Zurich. Her areas of expertise include international trade, public policy, development, food and agriculture. Isabelle conducts interdisciplinary research and develops tools together with industry partners to measure the sustainability performance of companies.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.