Past, present, and future of green product innovation

Khan, Sher Jahan; Dhir, Amandeep; Parida, Vinit; Papa, Armando

doi:10.1002/bse.2858

Cited by 73 publications

(60 citation statements)

References 184 publications

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“…Previous studies indicate that size may influence the performance of companies (e.g., Dangelico et al, 2017; González‐Benito & González‐Benito, 2006; Jabbour et al, 2015). Exporting companies competing in the global market need to be efficient and innovative (Govindaraju et al, 2013; Khan et al, 2021), while being more likely to meet environmental requirements (Khan et al, 2021; Tsai & Liao, 2017), which can influence their performance. Finally, studies have also suggested that, even in different contexts, the adoption of ISO 14001 can influence the performance of firms (Johnstone & Hallberg, 2020; Nishitani et al, 2012).…”

Section: Theoretical Framework and Hypothesesmentioning

confidence: 99%

Circular economy‐based new products and company performance: The role of stakeholders and Industry 4.0 technologies

et al. 2021

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While the circular economy (CE) attracts attention from scholars and practitioners, the concept has been challenged by claims that the CE may be seen as a vague concept, or a new label for old green management practices. We propose a new approach to study the effects of the CE on company performance: circular product design (CPD). Consequently, this work investigates how Industry 4.0 technologies and stakeholder pressure influence CPD and, in turn, impact on company performance. Data were obtained from firms which develop products in the electric-electronic and equipment (EEE) sectors in Brazil. Our research results indicate that (i) the application of Industry 4.0 technologies favors CPD, in particular artificial intelligence and big data analytics; (ii) pressure from stakeholders can encourage the adoption of circular strategies, specially from suppliers because they are responsible for developing and delivering smart components; and (iii) although the literature may be seen as controversial, there is a positive relationship with regard to the impacts of CE adoption on market performance. Among its main implications, the article also suggests a set of design strategies oriented towards the development of products for the CE.

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Section: Theoretical Framework and Hypothesesmentioning

confidence: 99%

Circular economy‐based new products and company performance: The role of stakeholders and Industry 4.0 technologies

et al. 2021

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“…Green product innovation includes innovations in product design to reduce environmental impacts during production, use, and disposal at the end of the product’s life ( Arfi et al, 2018 ). It focuses on the use and recycling of eco-friendly materials to reduce material waste and energy in the production process ( Khan et al, 2021 ). Compared with traditional product innovation, green product innovation is an innovation undertaken by companies to meet environmental changes and customer expectations by reducing excessive consumption of raw materials and energy to avoid risks to consumer health and safety ( Chen et al, 2017 ).…”

Section: Introductionmentioning

confidence: 99%

How Do Green Innovation Strategies Contribute to Firm Performance Under Supply Chain Risk? Evidence From China’s Manufacturing Sector

Wang

Liu

2022

Front. Psychol.

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With environmental issues increasingly becoming prominent in today’s business world, firms may need to pay extra attention to developing their environmental strategies and capabilities in response to environmental concerns and achieving sustainable growth. While a broad consensus exists on the value of green innovation, current empirical research on how different types of green innovation strategies may account for the international performance of a firm remains scant. Addressing this gap is important because determining how to better manage a firm’s green innovation strategies nowadays has become increasingly important for firms hoping to achieve and maintain their sustainable performance advantages. This study aims to bridge this gap by systematically examining how various types of green innovation strategies (i.e., green product, green process, and green service innovations) can be beneficial to firms in an emerging market economy. This study also examined the important role that potential risks of supply chain play in shaping the relationships between various types of green innovation strategies and firm performance. This study proposes that the effective management of supply chain risks may be important to the successful implementation of green innovation strategies because green innovation has increasingly become a collaborative effort. This study empirically tested the hypotheses by gathering survey data from a sample of 337 firms in China’s manufacturing industries. Results demonstrate that the green innovation strategies of firms are positively related to their firm performance. Additionally, the potential risks faced by the firms in efficiently and effectively managing their supply chain significantly moderate the impact of green product innovation and green process innovation strategies on their firm performance. This study not only offers useful theoretical implications for the green innovation strategy research and for better and effective supply chain risk management. It also provides important practical guidelines and managerial actions that practicing managers can implement to accelerate their green innovation strategy, assess the effect of supply chain risks, and thus improve firm performance in the post-pandemic era.

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“…Our methodology is based on a systematic literature review (SLR), observing an objective and replicable protocol (Tranfield et al, 2003 ). Due to the uncertainty surrounding the consequences and impacts of responsible innovation on the organizational skills of business ethics, the SLR makes it possible to map and evaluate all results available in the field, integrating the knowledge of academics and professionals and minimizing errors (Danese et al, 2018 ; Denyer & Tranfield, 2009 ; Khan et al, 2021b ; Khanra et al, 2020a ). The SLR provides a thematic classification of scientific contributions on topics of interest highlighting the areas most explored as well as the aspects that still need to be investigated and exploited (Tandon et al, 2020 ).…”

Section: Methodsmentioning

confidence: 99%

“…It is now understood that CSRV is part of the RBMI development process. Khan et al ( 2021b ), consider that institutional pressures, and environmental and structural changes in a market influence the environmental strategies of managers, but also feed into the implications for regulators and policymakers to find common ground on issues of CSR, environmental, social, and economic sustainability. Indeed, socially sustainable firms are purposely committed to affirming green and ethical values within the wider business environment (Shahzad et al, 2020 ).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Exploring the journey of Responsible Business Model Innovation in Asian companies: A review and future research agenda

et al. 2022

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Responsible Business Model Innovation is increasingly becoming a relevant challenge in academic research and business practice, mainly in the Asian context. Changes in business models are widely acknowledged as a key strategy for achieving long-term innovation. However, little is known about the design journey of Responsible Business Model Innovation. By applying the knowledge-based view and stakeholder theory, this paper introduces the founding pillars of Responsible Business Model Innovation, namely: Corporate Social Responsiveness, Inclusiveness, and Reflective Knowledge Exchange. Based on the analysis of extended bodies of literature published between 2011 and 2021 on business model innovation, sustainability innovation, stakeholder theory and responsible innovation, the article explores the state of the art of business ethics and dynamic capabilities in Asian organizations. Findings show that recent research in the field of sustainability and ethical values are improving the impact on business models, thus encouraging the advent of Responsible Business Model Innovation. This article contributes to the emerging field of responsible innovation and offers novel theoretical and practical implications for academy and practitioners, including a first attempt to develop a road map to be followed to achieve of sustainable and ethical values for business and society at large.

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Past, present, and future of green product innovation

Cited by 73 publications

References 184 publications

Circular economy‐based new products and company performance: The role of stakeholders and Industry 4.0 technologies

Circular economy‐based new products and company performance: The role of stakeholders and Industry 4.0 technologies

How Do Green Innovation Strategies Contribute to Firm Performance Under Supply Chain Risk? Evidence From China’s Manufacturing Sector

Exploring the journey of Responsible Business Model Innovation in Asian companies: A review and future research agenda

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