Proposal for an Eco-Innovation Concept for Small- and Medium-Sized Enterprises (SMEs)

Eco-innovation is an important factor not only for the competitiveness of companies in the face of the greening of markets but also as one of the primary means on the road to sustainable development. However, there is a remarkable conceptual diversity in the subject given the theoretical perspective...

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Bibliographic Details
Published inSustainability Vol. 15; no. 13; p. 10292
Main Authors Bucheli-Calvache, Juan Manuel, Zuñiga-Collazos, Alexander, Osorio-Tinoco, Fabian, Cervantes-Rosas, María de los Ángeles
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.07.2023
Subjects
Competitiveness
Content analysis
Innovations
Institutionalism
Small and medium sized companies
Strategic management
Sustainability
Sustainable development
United Kingdom
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Summary:Eco-innovation is an important factor not only for the competitiveness of companies in the face of the greening of markets but also as one of the primary means on the road to sustainable development. However, there is a remarkable conceptual diversity in the subject given the theoretical perspective from which eco-innovation is analyzed. Therefore, this research aims to establish an integrating concept of eco-innovation, based on elements of acceptance in the scientific literature, for its application in SMEs. To this end, 40 articles from recognized scientific databases such as ScienceDirect, Scopus and Web of Science (WoS) were reviewed, resulting in a concept that covers the economic approach, definition, dimensions and drivers of eco-innovation. It was found that the implementation of eco-innovation is dependent on the degree of formalization in each element according to the institutional context in question.
ISSN:2071-1050
2071-1050
DOI:10.3390/su151310292