Abstract
Sustainable innovation is the inexhaustible source of development of enterprises. Within fierce market competition, only by depending on continuous innovation can an enterprise exist and develop. By conducting an exploratory factor analysis and a confirmatory factor analysis, this paper proposes a theoretical model, dividing enterprise sustainable innovation ability into three aspects: knowledge innovation capability, production innovation capability, and market innovation capability, and analyzes the influencing factors respectively. Finally, applying this theoretical model to a practical case, with system dynamics method, the simulation results show that they are consistent with real enterprise facts. Therefore, the framework of determinants of sustainable innovation built in this paper has already been verified theoretically and practically. It not only lays a theoretical foundation for further research, but also provides a clear ground for firms to improve their sustainable innovation.
Highlights
In today’s society, sustainable innovation has been the basic goal of enterprises [1]
By analyzing the preceding literature [12,13,14,15], we propose that sustainable innovation capability is a synthesized capability
The results show that knowledge learning capability and knowledge creation capability have a positive influence on knowledge innovation capability; knowledge transferring capability and production equipment level have a positive influence on production innovation capability; profit-making capability and marketing capability have a positive influence on market innovation capability
Summary
In today’s society, sustainable innovation has been the basic goal of enterprises [1]. Since the proposal of innovation theory [4], by persistent studies and numerous practices, scholars and practitioners highly agree that the only tip for enterprises to make continuous profits is innovation. Results showed that if enterprises wanted to make breaking through and obtain the lead in the fierce competition, the basic way was to implement active and positive sustainable innovation. Sustainable innovation is the fundamental task of enterprises if they wish to exist in an unstable environment It requires frequent policy surveillances, technologies, and even the capabilities to adapt to fast changes [7]. With the growth of customers’ needs and the fast development of information communication technologies (ICT), enterprises face very fierce competition in terms of globalization, customization, and service transformation. We use an empirical method to provide evidence about the determinants of sustainable innovation and test these factors by a particular case
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