Exploring Sustainable Innovation in Enterprises: Theoretical Foundations, Definitions, Features, and Classification

Abstract

This research paper delves into the concept of sustainable innovation within enterprises, aiming to establish its theoretical foundations, define its key attributes, and classify its basic types. By synthesizing existing literature and theoretical frameworks, the study provides a comprehensive understanding of sustainable innovation as a strategic approach to fostering long-term environmental, social, and economic sustainability. It examines the distinctive features that differentiate sustainable innovation from traditional innovation practices, emphasizing its emphasis on addressing societal and environmental challenges while driving business growth and competitiveness. The paper also proposes a classification framework to categorize different types of sustainable innovation initiatives based on their objectives, scope, and impact areas. Through this theoretical exploration, the study contributes to advancing scholarly discourse on sustainable innovation within enterprises, offering valuable insights for researchers, practitioners, and policymakers interested in leveraging innovation as a catalyst for sustainability-driven business transformation.