Abstract
Nowadays, innovation is valued as being of utmost significance when evaluating measures of sustainable development and performance constructs. The current research develops investigations into the field of frugal innovation (FI) and how this process can contribute to business sustainability. This study performs a comprehensive evaluation of scientific production through the quantitative method of bibliometric analysis to facilitate our understanding of the current structure of studies and to highlight future research paths on FI and business sustainability. The paper maps the literature by narrowing its research topics and identifying certain patterns. Using the Web of Science database (WoS) on a sample of 2072 documents, descriptive and performance analyses were conducted. The VOSviewer software was used to perform the science mapping of the conceptual, intellectual, and social structure that provides scholars with a quantified and graphic representation of the FI and business sustainability field. The trend towards the analysis of business sustainability and consumer behaviour in the context of FI is highlighted. Annual scientific production and citation analysis reveal significant growth in international interest and scientific production, indicating an increasing line of inquiry for this topic at the start of the twenty-first century. The prominent scholars in the field are of European origin, while the highly active countries in the subject of FI and business sustainability are the USA, Germany, England, the Netherlands, and India, with major collaborations across the globe. This paper covers the limits identified by previous scholars by detailing the knowledge base and by using science mapping tools to document the structure of the literature; distinguish key journals, articles, and authors; and highlight new emerging topics of research.
Highlights
At this moment in time, the global economy is undergoing accelerated changes that seek to continuously satisfy societal requirements and to enhance public awareness towards the topic of sustainability
The following section of the paper presents the major characteristics of scientific production and an evaluation of the number of publications and citations, percentages of variance throughout intervals, the most published Web of Science database (WoS) categories, the main research domains, regional distribution of scientific production, the most prolific research agencies and funding institutes, and, the total number of journals in which articles on the research topic under consideration are published
Research intensified in the analysed field starting in 1996, which represents the period in which the number of citations for the published works started to increase (Table 5)
Summary
At this moment in time, the global economy is undergoing accelerated changes that seek to continuously satisfy societal requirements and to enhance public awareness towards the topic of sustainability. The concept of sustainability is becoming more and more popular since it covers three fundamental areas: environmental, social, and economic dimensions [1]. The increasing interest in new alternatives to optimize the exploitation of various resources has heightened the need for researching new measures of sustainable behaviour and business models. Of particular significance and complexity are the aspects concerning economic development and sustainable growth. The frugal concept is investigated and treated as a new technological paradigm that can represent a possible solution for how to improve the well-being of individuals.
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