{"id":942,"date":"2020-05-24T16:54:33","date_gmt":"2020-05-24T15:54:33","guid":{"rendered":"https:\/\/codify.in\/?post_type=encyclopedia&#038;p=942"},"modified":"2021-05-25T21:09:09","modified_gmt":"2021-05-25T20:09:09","slug":"sustainable-innovation","status":"publish","type":"encyclopedia","link":"https:\/\/codify.in\/de\/glossary\/sustainable-innovation\/","title":{"rendered":"Sustainable Innovation"},"content":{"rendered":"<p>Sustainable <a href=\"https:\/\/codify.in\/de\/glossary\/innovation\/\" target=\"_blank\" title=\"We follow a very basic formula here: creativity + implementation = innovation. In non-commercial environments, this would be an idea that creates value because it got implemented. In commercial environments, it would be the introduction of something new to the market, or if you will, an invention that is commercialized.\" class=\"encyclopedia\">innovation<\/a> is often used as a colloquial term for innovation that creates continuous growth or a long-term competitive advantage. It is debatable whether many of those so-called sustainable innovations also contribute to the development of human well-being while also respecting the world&rsquo;s natural resources and regenerative capacity.&nbsp;<\/p>\n<p>Literature on sustainable innovation is hampered by a lack of conceptual consensus <span class=\"zp-InText-zp-ID--2420821-LSMBW4UR--wp942 zp-InText-Citation loading\" rel=\"{ 'pages': 'np', 'items': '{2420821:LSMBW4UR}', 'format': '(%a%, %d%, %p%)', 'brackets': '', 'etal': '', 'separator': '', 'and': '' }\"><\/span>. To our understanding, sustainable innovation links innovation to the theory and practice of sustainable development, where sustainable development is &ldquo;development that meets the needs of the present without compromising the ability of future generations to meet their own needs&rdquo; as famously pointed out in the UN Brundtland Report in 1987 <span class=\"zp-InText-zp-ID--2420821-GQRM3KNC--wp942 zp-InText-Citation loading\" rel=\"{ 'pages': 'np', 'items': '{2420821:GQRM3KNC}', 'format': '(%a%, %d%, %p%)', 'brackets': '', 'etal': '', 'separator': '', 'and': '' }\"><\/span>.<\/p>\n<p>In the context of innovation we define sustainable innovation as a process where sustainability considerations (environmental, social, and financial) are integrated into a company&rsquo;s <a href=\"https:\/\/codify.in\/de\/glossary\/innovation-system\/\" target=\"_blank\" title=\"An innovation system, as understood at a company-level, designates the infrastructures for finding, developing, evaluating, and implementing new ideas and business models within an organization. It is the organization&rsquo;s &lsquo;operating system&rsquo; for innovation.\" class=\"encyclopedia\">innovation system<\/a> from idea generation to product development, commercialization and end-of-life strategies. This applies to products, services and technologies, as well as to new business and organizational models.<\/p>","protected":false},"excerpt":{"rendered":"<p>Innovation that creates economic benefit within the boundaries of social and environmental capital.<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","encyclopedia-category":[134,167],"encyclopedia-tag":[284,285,286,287,181,288,289,290],"coauthors":[142],"class_list":["post-942","encyclopedia","type-encyclopedia","status-publish","hentry","encyclopedia-category-innovation","encyclopedia-category-sustainability","encyclopedia-tag-bottom-of-pyramid","encyclopedia-tag-eco-design","encyclopedia-tag-eco-innovation","encyclopedia-tag-frugal-innovation","encyclopedia-tag-innovation","encyclopedia-tag-social-entrepreneurship","encyclopedia-tag-social-impact","encyclopedia-tag-sustainability"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/encyclopedia\/942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/media?parent=942"}],"wp:term":[{"taxonomy":"encyclopedia-category","embeddable":true,"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/encyclopedia-category?post=942"},{"taxonomy":"encyclopedia-tag","embeddable":true,"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/encyclopedia-tag?post=942"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/coauthors?post=942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}