Abstracts Economics

Sustainable value creation through corporate entrepreneurship

by Alin Coman

Due to rapid and major economic change in recent years, the need for more flexible, dynamic and innovative companies is widely recognized. Firms must clearly understand and translate customers’ needs in order to foster value creation. Many scholars have focused their attention on the entrepreneurial behavior of owners or top managers and their actions that encourage innovation, venturing and strategic renewal. However, rigorous empirical research examining the factors that support corporate entrepreneurship and lead to sustainable value creation is scarce. The purpose of this study is to identify the factors that support corporate entrepreneurship and lead to sustainable value creation in a ship management company, using a case study approach. In this context, the following research question is addressed: -What factors support corporate entrepreneurship and lead to sustainable value creation in a ship management company? This research uses an interpretive paradigm and utilizes three methods for collecting data, consisting of observational technique, surveys and semi-structured interviews. Findings reveal the factors that support corporate entrepreneurship and lead to sustainable value creation in ship management. These are analyzed in relation to the literature and the ship management sector. The study concludes that corporate entrepreneurship, when conducted effectively, can be a significant contributor of sustainable value creation. However, this may or may not be applicable to other sectors.