Abstract

ABSTRACT In this essay, we argue that the conventional, stage-gate, new product innovation process does not support sustainable development. We advocate that companies need to rethink their conventional approach to new product innovation by putting sustainability more at the centre of the process. If companies ever want to develop truly sustainable products, they need to start innovating around societal and environmental grand challenges instead of sales. We argue that the conventional new product innovation process narrows a company’s attentional focus on sales and the short term. However, to foster sustainable development through new product innovations, companies need to spend more time on understanding and formulating the innovation problem originating from a larger environmental and societal context. This requires a creative mindset and thinking on a much wider spatiotemporal innovation scale. We developed this essay based on insights from a research project together with a globally leading innovation company.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call