The findings from the study illustrate that entrepreneurship direction towards innovation and market direction towards innovation are the two potential factors of technological innovation towards sustainability.
Authors
Ashish Dwivedi, Professor, Jindal Global Business School, O.P. Jindal Global University, Sonipat, Haryana, India.
Claudio Sassanelli, Department of Mechanics, Mathematics and Management, Politecnico di Bari, Via Orabona 4, 70125, Bari, Italy; Tech Center for Good, École des Ponts Business School of École des Ponts ParisTech (ENPC), 6 Place du Colonel Bourgoin, 75012, Paris, France.
Dindayal Agrawal, Institute of Management Technology, Ghaziabad, Uttar Pradesh, India.
Ernesto Santibañez Gonzalez, Department of Industrial Engineering, Faculty of Engineering, University of Talca, Curicó, Chile.
Idiano D’Adamo, Department of Computer, Control and Management Engineering, Sapienza University of Rome, Via Ariosto 25, Rome, 00185, Italy.
Summary
Technological innovation has been widely recognized both as a trigger and catalyzer towards sustainability. However, hardly ever manufacturing companies are ready and mature enough to employ technological innovations in their processes and business. Given the relevance of technological innovation in pursuing sustainability, it is hard to comprehend what are the prominent factors affecting the role of technological innovation to address sustainability and prioritize them.
Therefore, the prime purpose of this study, applied to an emerging economy, is to analyze the contributions of technological innovation toward sustainability in manufacturing organizations with a circular economy (CE) perspective. To address this objective, a questionnaire has been developed and conducted, also using the Grey VIKOR method and a sensitivity analysis.
The findings from the study illustrate that entrepreneurship direction towards innovation and market direction towards innovation are the two potential factors of technological innovation towards sustainability. The implications highlight that CE, sustainable education and stakeholder engagement solutions can be crucial to the competitiveness of a developing country’s manufacturing businesses.
Published in: Sustainable Chemistry and Pharmacy
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