 Perspective Chapter: Sustainability and Corporate InnovationPattanaporn Chatjuthamard, Pattarake Sarajoti and Suwongrat Papangkorn A chapter in Corporate Social Responsibility in the 21st Century from IntechOpen Abstract: Sustainable development is one of the prominent goals promoted by the United Nations (UN) and identifies innovation as one of the important elements. Therefore, sustainable development is a combination of both developmental and environmental imperatives through innovation, implying a new way of science incorporating the technology integration and social philosophy. This chapter discusses how sustainability creates business opportunities and be counted toward the future investment for the firms. It is the path leading from creative thinking and corporate innovation. Thus, the relationship between corporate innovation and sustainability plays a vital role for firms to gain competitive advantages such as gaining value creation, creating cooperation value with the stakeholders, tapping into new markets and customer segments, and creating a transformational solution. Firms can be sustainable not only by profit maximization, but also address the maximization of the interests' stakeholders by not causing any impact on nature and environmental resources. Keywords: corporate innovation; innovation performance; sustaining innovation; text-based corporate innovation; sustainability (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:279299 DOI: 10.5772/intechopen.108457 Access Statistics for this chapter More chapters in Chapters from IntechOpen |
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