Value creation through innovation in the primary sector

Abstract

Purpose Innovation is a growing topic. The primary sector is also a subject that has great importance in the global economy. However, limited research has been conducted linking these two subjects. This paper aims to start bringing them together. Design/methodology/approach The method selected is a systematic literature review presenting a thorough analysis of the existing discussions and a summary of the findings to identify future research opportunities. Findings Innovation has played and will continue to play an essential role in the success of fisheries. The fishing industry is in crisis. A decline in wild fish stocks, regulations and quota management are some of the factors that drive the need to innovate. The discussions of innovation in this industry are non-technological, which is an emerging field with opportunities for further research. There is a strong focus on fisheries sustainability. The main theoretical frameworks discussed in the literature are common property theory, cooperation and competition theory and diffusion of innovation. Emerging environmental sustainability frameworks are also becoming an essential element in the primary sector. Research limitations/implications This paper focuses on peer-reviewed publications based on the results of the searches from selected keywords, recognizing that the literature evaluated may not cover the full spectrum of themes related to this subject. Originality/value Innovation is usually linked to high tech and fast-moving industries. This paper tries to broaden this paradigm and evaluate it from a different perspective, with a focus on the primary sector.