Reviewing the challenges of port authority business model innovation  

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    Abstract

    The port industry is in a state of flux which is affecting the roles of port authorities. Applying a business model perspective to explore this qualitative shift in competition, this paper argues that port authorities are increasingly managing multiple multisided business models. This is analysed through an integrative review of port research which identifies four challenges for port authorities: 1) diversification of port customers; 2) requirements for new value creation; 3) changing possibilities and constraints of value capture; and 4) network effects, clusters and strategic partnerships. The review contributes to literature by exploring how managing port authority business model innovation requires changing the underlying business logic, the activities and resources and the configurational fit with other port actors' business models. This proposition is based on the interplay between the macro level port industry, the meso level rule structures within port systems and the micro level of port authority organisations.

    Original languageEnglish
    JournalWorld Review of Intermodal Transportation Research
    Volume8
    Issue number3
    Pages (from-to)265-291
    Number of pages27
    ISSN1749-4729
    DOIs
    Publication statusPublished - 16 Sep 2019

    Keywords

    • Keywords: port authority; business model; business model innovation; diversification; value creation; value capture; network effects; clusters; strategic partnerships; business logic; configurational fit; macro; meso; micro
    • Value capture
    • Macro
    • Value creation
    • Micro
    • Diversification
    • Network effects
    • Business model innovation
    • Meso
    • Business model
    • Business logic
    • Strategic partnerships
    • Configurational fit
    • Clusters
    • Port authority

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