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Project Title
Strategic Decision-Making and Behavioral Patterns in Natural Resource Industries Facing Transitory Environmental Change
Partner Organisations
Internal ID
11220210
Principal Investigator
Start Date
2021

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Publication

Aligning Global Efforts for a Carbon Neutral World: The Race to Zero Campaign

2022 , SEVIL ESTEBAN, ANGEL , Gonzalo Muñoz , GODOY FAUNDEZ, ALEX ORIEL

According to the United Nations, in order to avoid some of the worst outcomes of climate change, the world must achieve net zero carbon emissions by 2050 at the very latest. That is the aim of the Race to Zero Campaign. Since 2019, more than 10,000 organizations around the world have embraced Race to Zero, which has been able to successfully create a relevant, global, and diverse cross-sector partnership, tearing down the barriers that have emerged from uncertainty. Building on three key cross-partnership elements (strategic, institutional, and learning), combined with the uncertainties faced by the partners, we describe the resources and activities that have made that possible.

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Publication

When Being Large Is Not an Advantage: How Innovation Impacts the Sustainability of Firm Performance in Natural Resource Industries

2022 , SEVIL ESTEBAN, ANGEL , Alfonso Cruz , Tomas Reyes , Roberto Vassolo

This paper provides an in-depth study of how incremental innovation, a ubiquitous factor, affects the sustainability of performance of small- and large-sized firms differently. Specifically, this work examines the sustainability of firm growth in natural resource industries. In these industries, innovation is mainly based on processes in the form of incremental changes, and the adoption of innovations has significant sunk costs. We argue that, before incremental process innovation, firm performance is directly proportional to firm size. However, in the presence of incremental innovation events, firm performance is inversely proportional to firm size since smaller firms pose higher strategic flexibility and can adopt innovations faster. Our empirical findings highlight the relevance of incremental innovation as an inflection point of firm performance, creating a competitive opportunity window for small firms and a sustainability threat for large firms.

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