Work

Innovation management's effect on small-medium yacht tourism supply enterprises' organizational performance

Year: 2025

Type: article

Abstract: Yachting is one of the key tourism industries contributing to the reduction of the foreign trade deficit in Mediterranean countries. Yacht tourism creates significant external economies by driving demand across various supporting sectors. As a result, innovation has become essential for yacht tourism supply firms to adapt to changes in the industry. This study focuses on yacht suppliers operating in Turkey, one of the most established yachting hubs in the eastern Mediterranean and aims to examine the impact of their innovation capacities on organizational performance. Data were collected from 113 managers of yacht tourism supply firms. The relationships between innovation capacity and organizational performance were analyzed using correlation and regression analyses. The findings indicate a significant and positive relationship between innovation dimensions and organizational performance, emphasizing the importance of innovation capacity in enhancing firm performance within the yacht tourism supply industry.

Source: Research in Transportation Business & Management

DOI: 10.1016/j.rtbm.2025.101476

Author: Aziz Muslu

Institutions: Samsun University, Southern Cross University

Language: English

Topic: Innovation and Knowledge Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $2,620