Innovation – a Major Requirement for the Sustainable Development of Organizations
The current economy is characterized by the acceleration of change and the orientation of people towards everything that is new. Innovation is considered a key element of the competitiveness of organizations in the contemporary economy and it has therefore been given increasing attention by both researchers and practitioners. Within an organization, innovation can be expressed by renewing products, technologies and processes, but also by changing business ideas and models.
One of the purposes of this article is to provide a state-of-the-art overview about the existing literature on organizational innovation. The second aim of the research is to shed light upon the role of innovation in economic affairs in our days, in order to ensure the sustainable development of organizations.
The research was done by consulting major research databases (Elsevier, ResearchGate, Science Direct, ProQuest) and analyzing key journal articles bibliographically and thematically.
Results show that it is widely recognized that technological change and innovation are major drivers of economic growth and they are regarded as a survival factor but there are also some indications that in some areas it becomes more difficult to innovate for some organizations. The studies highlight that in some markets there is a concern on the part of customers about the possible harmful effects on the environment if innovation is too aggressive.
Adams R, Jeanrenaud S, Bessant J, Denyer D, Overy P. Sustainability-oriented innovation: a systematic review. International Journal of Management Reviews [Internet]. 2016 [cited 2020 Aug 11];18(2):180–205. Available from: https://doi.org/10.1111/ijmr.12068
Artz K, Norman P, Hatfield D, Cardinal L. A Longitudinal Study of the Impact of R&D, Patents, and Product Innovation on Firm Performance. Journal of Product Innovation Management [Internet]. 2010 [cited 2020 Aug 11];27(5):725–740. Available from: https://doi.org/10.1111/j.1540-5885.2010.00747.x
Bocken NM, Short SW, Rana P, Evans S. A literature and practice review to develop sustainable business model archetypes. Journal of Cleaner Production [Internet]. 2014 Feb [cited 2020 Aug 11];65:42-56. Available from: https://doi.org/10.1016/j.jclepro.2013.11.039
Croitoru G, Duica M, Robescu O, Radu V, Oprişan O. Entrepreneurial Resilience, Factor of Influence on the Function of Entrepreneur. In: Hugues S, Cristache N, editors. Risk in Contemporary Economy. Iasi, Romania: LUMEN Poceedings [Internet]. 2017 Jun 9-10 [cited 2020 Oct 3]; pp. 193-216. Available from: https://doi.org/10.18662/lumproc.rce2017.1.17
Danciu V. Intreprinderea sustenabilă. Noi provocări şi strategii pentru îmbunătăţirea sustenabilităţii corporative. Economie teoretică şi aplicată [Internet]. 2013 [cited 2020 Aug 18];XX,9(586):4-24. Available from: http://store.ectap.ro/articole/898_ro.pdf
Dyck B, Silvestre DS. Enhancing socio-ecological value creation through sustainable innovation 2.0: moving away from maximizing financial value capture. Journal of Cleaner Production [Internet]. 2018 [cited 2020 Jul 2];171(1):1593–1604. Available from: https://doi.org/10.1016/j.jclepro.2017.09.209
Ioniţă-Predescu L, Radu F, Tăbârcă AI. Needs Of Local Sustainable Development. Annals of Faculty of Economics, University of Oradea, Faculty of Economics [Internet]. 2011 May 27 [cited 2020 Jul 11];1(2):91-97. Available from: http://steconomiceuoradea.ro/anale/volume/2011/n2/011.pdf
Kneipp JM, Gomes CM, Bichueti RS, Frizzo K, Perlin AP. Sustainable innovation practices and their relationship with the performance of industrial companies. Revista de Gestão [Internet]. 2019 [cited 2020 Jul 11];26(2):94-111. Available from: https://doi.org/10.1108/REGE-01-2018-0005
Konnola T, Carrilo-Hermosilla J, del RioGonzalez P. Eco-innovation: when sustainability and competitiveness shake hands. Journal of Environmental Assessment Policy and Management [Internet]. 2009 [cited 2020 Jul 11];15(1), 1310001. Available from: https://doi.org/10.1142/S146433321380001X
OECD/Eurostat. Oslo Manual 2018. Oslo Manual 2018: Guidelines for Collecting, Reporting and Using Data on Innovation, 4th Edition, The Measurement of Scientific, Technological and Innovation Activities. [Internet] Paris/Eurostat, Luxembourg: OECD Publishing; 2019 [cited 2020 Jul 11]. Available from: https://doi.org/10.1787/9789264304604-en
Pansera M. The Origins and Purpose of Eco-Innovation. Global Environment [Internet]. 2012 Jan [cited 2020 Jul 11];4(7-8):128-155. Available from: https://doi.org/10.3197/ge.2011.040706
Popa V. Impact of the innovation process on sustainable development strategies and policies. Economica [Internet]. 2020 [cited 2020 Jul 11];1(111):7-21. Available from: http://oaji.net/articles/2020/1425-1590391394.pdf
Siqueira RP, Pitassi C. Sustainability-oriented innovations: can mindfulness make a difference? Journal of Cleaner Production [Internet]. 2019 [cited 2020 Jul 11];139:1181–1190. Available from: https://doi.org/10.1016/j.jclepro.2016.08.056
Schreiber D, Ermel UT, Sganderla Figueiredo JA, Zeni A. Analysis of Innovation and Its Environmental Impacts on the Chemical Industry. BAR - Brazilian Administration Review [Internet]. 2016 Jan/Mar [cited 2020 Jul 11];13(1):56-75. Available from: https://doi.org/10.1590/1807-7692bar2016150120
Tidd J, Bessant JR. Managing innovation: integrating technological, market and organizational change. 4th edition. Chichester, England; Hoboken, NJ: Wiley; 2009.
Tidd J, Bessant JR. Pavitt K. Managing innovation: integrating technological, market and organizational change. 3rd edition. Chichester, England: Wiley; 2005.
Twerenbold R. The Good, the Bad and the Innovative: Understanding the Darker Side of Innovation for Development. United Nation Research Institute for Social Development. 2017 March 2. Available from: https://www.unrisd.org/80256B3C005BE6B5/(httpNews)/9CD705AC73D6E013C12580D7004F285C?OpenDocument
Žižlavský O. An Analysis of Innovation Classification and Typology: A Literature Review. In: Crafting Global Competitive Economies: 2020 Vision Strategic Planning & Smart Implementation. VOLS I-IV. 2014. [cited 2020 July 11]. 1295-1308. Available from: https://www.academia.edu/14083553/An_Analysis_of_Innovation_Classification_and_Typology_A_Literature_Review
Copyright (c) 2020 LUMEN Proceedings
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Selection and peer-review under responsibility of the Organizing Committee of the conference.
This is an Open Access article distributed under the terms of the Creative Commons Attribution-Noncommercial 4.0 Unported License, permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited