The Role of Technological Innovation in Sustainable Business Growth

Abstract

This paper establishes the contribution of technological innovations toward sustainable business growth through Apple and Google and the relationship between technological innovation, environmental sustainability, and social impacts. This research employs the case-study method to address holistically the implications of technological innovation on sustainable business growth, with a focus on the selected firms of Google and Apple as cases. The research focused on these tech giants because they are the pioneers who have a massive influence on technological innovation. The data for this research were collected from secondary sources, such as academic articles and industry reports. Through the application of Critical Literature Review techniques, this study scrutinizes the impact of Google's and Apple's innovations as regards the environment, and also social issues. The study findings show that while it is obvious that both Apple and Google chose different parts in achieving sustainable development, both companies have greatly impacted the tech industry based on the creative products and services they provide. It was also revealed that both companies heavily invest a lot in research and development (R&D). Today, both companies are leaders in the world of renewable energy usage. Finally, the study concludes that future emerging technological trends like Artificial Intelligence, Internet of Things and Blockchain will keep shaping the space of innovation and sustainability practices. Therefore, organizations need to keep up with these trends to be able to address the challenges that accompany them, such as privacy issues, regulatory changes, as well as ethical responsibilities.