green innovation

Introduction

Green innovation (GI) refers to the development and implementation of new products, processes, or practices that reduce environmental impacts and promote sustainability. This concept has gained significant attention due to its potential to address environmental challenges while also providing economic benefits and competitive advantages for firms.

Key Insights

Economic and Environmental Benefits:
- Green innovation can simultaneously drive economic development and environmental protection, achieving dual goals .
- Firms engaging in green innovation often operate in contexts with stringent environmental regulations, which can influence their financial performance positively.
Strategic Importance and Competitive Advantage:
- Green innovation is seen as a strategic resource that can provide firms with a competitive edge while contributing to sustainable development .
- Companies with a green innovation strategy tend to perform better in green innovation, especially when they cultivate a green organizational identity and environmental legitimacy.
Performance and Efficiency:
- The efficiency of green innovation has been increasing, with significant improvements noted in various regions.
- Evaluating green innovation performance using multiple methods can provide a more precise assessment of its efficiency.
Drivers and Motivations:
- Key drivers of green innovation include environmental awareness, regulatory pressures, and the pursuit of sustainable competitive advantages .
- Companies are motivated to develop green products to meet environmental policies, reduce energy use, and prevent pollution.
Complexity and Management:
- Managing green innovation involves aligning innovation activities within and across companies, which can be complex but is essential for successful implementation.
- Different companies adopt various configurations of innovation activities to manage this complexity effectively.
Research Trends and Future Directions:
- The field of green innovation has evolved significantly, with a growing body of literature addressing its principles, benefits, and implementation strategies .
- Future research opportunities include exploring the antecedents and consequences of green innovation, as well as its role in different industrial contexts .

Conclusion

Green innovation is a multifaceted concept that offers substantial benefits for both the environment and the economy. It serves as a strategic resource for firms, providing competitive advantages and contributing to sustainable development. The efficiency and performance of green innovation are improving, driven by regulatory pressures and environmental awareness. Managing the complexity of green innovation requires strategic alignment and effective innovation activity configurations. The field continues to evolve, with ongoing research needed to further understand its drivers, outcomes, and implementation across various contexts.

Summary

Introduction

Key Insights

Conclusion

Sources and full results

Green innovation: A systematic literature review

Green innovation articles focus mainly on benefits and mathematical modeling, with the largest share in manufacturing industries and the Journal of Cleaner Production, Business Strategy, and the Environment as the most popular publication.

Mapping the Field: A Bibliometric Analysis of Green Innovation

This paper identifies key papers in the field of green innovation, highlighting the discipline's development, research trends, and key drivers and outcomes.

Understanding Green Innovation: A Conceptual Framework

This study summarizes the main principles and roots of green innovation, emphasizing the importance of sustainability in companies and its relevance in today's business environment.

A resource‐based view of green innovation as a strategic firm resource: Present status and future directions

Green innovation can provide competitive advantage and sustainable development, but requires a comprehensive bibliometric analysis to understand its current structure and future scope.

The performance of green innovation: From an efficiency perspective

Green innovation efficiency in China has been increasing annually, with central and western regions showing significant increases, and regional differences narrowing each year.

Green Innovation and Financial Performance

Green innovative firms in stringent environmental regulations and higher environmental normative levels do not experience improved financial performance compared to non-green innovative firms.

Mainstreaming Green Product Innovation: Why and How Companies Integrate Environmental Sustainability

Green product innovation in small to medium-sized manufacturing companies can achieve growth, environmental sustainability, and a better quality of life, but faces challenges and risks.

Managing the complexity of green innovation

Green innovation can be effectively managed through three innovation activity configurations and three alignment mechanisms within and across companies in the Swedish wood construction industry.

Green innovation strategy and green innovation

Green innovation strategies positively affect green innovation in manufacturing companies in Indonesia, with green organizational identity and environmental organizational legitimacy playing mediating roles.

Green technology and eco‐innovation

Eco-innovations in Russia can emerge incrementally from highly structured technical problem spaces, challenging previous literature that treats them as more creative and radical.

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