ASPECTS REGARDING ECO-INNOVATION PRACTICE AND TRENDS FOR A SUSTAINABLE AUTOMOTIVE INDUSTRY

- Eco-innovation of products, processes and management has a significant positive impact on the circular economy of companies in the automotive and auto parts industry, but, the barriers to innovation may emerge from systemic failures that hinder the flow of knowledge and technology, and reduce the...

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Bibliographic Details
Published inInternational Journal of Mechatronics & Applied Mechanics no. 11; pp. 152 - 156
Main Authors Istriţeanu, Simona, Băjenaru, Valentina, Badea, Diana-Mura
Format Journal Article
LanguageEnglish
Published Bucharest Editura Cefin 2022
Subjects
Automobile industry
Automotive materials
Automotive parts industry
Business models
Carbon
Competitive advantage
Consumption
Efficiency
Electric vehicles
Impact analysis
Innovations
International organizations
Manufacturers
Manufacturing
OEM
R&D
Recycling
Research & development
Sustainability
Value chain
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Summary:- Eco-innovation of products, processes and management has a significant positive impact on the circular economy of companies in the automotive and auto parts industry, but, the barriers to innovation may emerge from systemic failures that hinder the flow of knowledge and technology, and reduce the overall efficiency of the system-wide R&D and innovation effort. The potential market and systemic failures suggest that policies for innovation will only be successful if they enhance the performance of the system as a whole, targeting weak links between elements that can hurt performance.
ISSN:2559-4397
2559-6497
DOI:10.17683/ijomam/issue11.24