IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i20p13501-d947237.html
   My bibliography  Save this article

Sustainability-Oriented Innovation Foresight in International New Technology Based Firms

Author

Listed:
  • Aidin Salamzadeh

    (Faculty of Management, University of Tehran, Tehran 141556311, Iran)

  • Morteza Hadizadeh

    (Faculty of Management and Accounting, Shahid Beheshti University, Tehran 1983969411, Iran)

  • Niloofar Rastgoo

    (Faculty of Management, University of Tehran, Tehran 141556311, Iran)

  • Md. Mizanur Rahman

    (BRAC Business School, BRAC University, Dhaka 1212, Bangladesh)

  • Soodabeh Radfard

    (Faculty of Management, University of Tehran, Tehran 141556311, Iran)

Abstract

Rapid technological advances give rise to the development of New Technology-Based Firms (NTBFs) which are focused on technology-based business models. One of the concerns is the changing pace of technology adoption and its impact on shortening the life cycle of goods and services based on technology. Technology tends to create more integration among communities, businesses, goods, and services. This integration can be seen in the substantial increase of firms, especially NTBFs, striving to improve international relations. In this regard, addressing the sustainability dimensions in light of technological change is of universal interest. Some studies highlight the role of technology in terms of its environmental impacts, whereas others describe technology as the main driving force of businesses towards innovation, which can lead to sustainability. This paper aims to examine international NTBFs to determine the factors, key drivers, and uncertainties impacting sustainability-oriented innovations concerning their encounter with technology and ultimately plan future scenarios for international NTBFs based on sustainability-oriented innovations. The description of the scenarios shows the importance of innovation development in digital technologies and the expansion of international relations, which is realized by using digital platforms. In addition to accelerating knowledge and innovation development to gain more key partners, we would observe target market expansion, cost reduction, and sustainability growth for international NTBFs. Identifying drivers and uncertainties and the future-oriented approach of this research provide insight to International NTBFs owners into realizing sustainability-oriented innovation by increasing their awareness of the opportunities and interventions to build capacity at the conceptualization and project management levels.

Suggested Citation

  • Aidin Salamzadeh & Morteza Hadizadeh & Niloofar Rastgoo & Md. Mizanur Rahman & Soodabeh Radfard, 2022. "Sustainability-Oriented Innovation Foresight in International New Technology Based Firms," Sustainability, MDPI, vol. 14(20), pages 1-21, October.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:20:p:13501-:d:947237
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/20/13501/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/20/13501/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Anderson Rei Galvão & Carla Susana Marques & Carla Mascarenhas & Vitor Braga & Rita Pereira, 2021. "Motivations and Barriers for the Sustainable Internationalization of the Portuguese Textile Sector," Sustainability, MDPI, vol. 13(23), pages 1-16, November.
    2. Singh, Rashmeet & Chandrashekar, Deepak & Subrahmanya Mungila Hillemane, Bala & Sukumar, Arun & Jafari-Sadeghi, Vahid, 2022. "Network cooperation and economic performance of SMEs: Direct and mediating impacts of innovation and internationalisation," Journal of Business Research, Elsevier, vol. 148(C), pages 116-130.
    3. Trischler, Jakob & Johnson, Mikael & Kristensson, Per, 2020. "A service ecosystem perspective on the diffusion of sustainability-oriented user innovations," Journal of Business Research, Elsevier, vol. 116(C), pages 552-560.
    4. Sirilli, Giorgio & Evangelista, Rinaldo, 1998. "Technological innovation in services and manufacturing: results from Italian surveys," Research Policy, Elsevier, vol. 27(9), pages 881-899, December.
    5. Chun-Liang Chen, 2019. "Value Creation by SMEs Participating in Global Value Chains under Industry 4.0 Trend: Case Study of Textile Industry in Taiwan," Journal of Global Information Technology Management, Taylor & Francis Journals, vol. 22(2), pages 120-145, April.
    6. KIEDERICH, Andreas, 2007. "Investigating New Technology Based Firm (NTBF) internationalization: The impact on performance, the process and the antecedents," Working Papers 2007005, University of Antwerp, Faculty of Business and Economics.
    7. Léo-Paul Dana & Aidin Salamzadeh & Samira Mortazavi & Morteza Hadizadeh, 2022. "Investigating the Impact of International Markets and New Digital Technologies on Business Innovation in Emerging Markets," Sustainability, MDPI, vol. 14(2), pages 1-15, January.
    8. Aidin Salamzadeh & Mehdi Tajpour & Elahe Hosseini, 2019. "Corporate entrepreneurship in University of Tehran: does human resources management matter?," International Journal of Knowledge-Based Development, Inderscience Enterprises Ltd, vol. 10(3), pages 276-292.
    9. Zhang, Zhongqingyang & Zhu, Huiming & Zhou, Zhongbao & Zou, Kai, 2022. "How does innovation matter for sustainable performance? Evidence from small and medium-sized enterprises," Journal of Business Research, Elsevier, vol. 153(C), pages 251-265.
    10. HMJCB Heenkenda & Fengju Xu & KMMCB Kulathunga & WAR Senevirathne, 2022. "The Role of Innovation Capability in Enhancing Sustainability in SMEs: An Emerging Economy Perspective," Sustainability, MDPI, vol. 14(17), pages 1-22, August.
    11. Bimal Kumar Sett & Bikash Koli Dey & Biswajit Sarkar, 2020. "The Effect of O2O Retail Service Quality in Supply Chain Management," Mathematics, MDPI, vol. 8(10), pages 1-36, October.
    12. Nambisan, Satish & Wright, Mike & Feldman, Maryann, 2019. "The digital transformation of innovation and entrepreneurship: Progress, challenges and key themes," Research Policy, Elsevier, vol. 48(8), pages 1-1.
    13. Cagnin, Cristiano & Havas, Attila & Saritas, Ozcan, 2013. "Future-oriented technology analysis: Its potential to address disruptive transformations," Technological Forecasting and Social Change, Elsevier, vol. 80(3), pages 379-385.
    14. Biswajit Sarkar & Bikash Koli Dey & Mitali Sarkar & Ali AlArjani, 2021. "A Sustainable Online-to-Offline (O2O) Retailing Strategy for a Supply Chain Management under Controllable Lead Time and Variable Demand," Sustainability, MDPI, vol. 13(4), pages 1-26, February.
    15. Friedman, Nicola & Ormiston, Jarrod, 2022. "Blockchain as a sustainability-oriented innovation?: Opportunities for and resistance to Blockchain technology as a driver of sustainability in global food supply chains," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    16. Gautam Ahuja & Curba Morris Lampert, 2001. "Entrepreneurship in the large corporation: a longitudinal study of how established firms create breakthrough inventions," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 521-543, June.
    17. Skare, Marinko & PORADA-ROCHON, Małgorzata, 2022. "The role of innovation in sustainable growth: A dynamic panel study on micro and macro levels 1990–2019," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    18. Colombo, Massimo G. & Grilli, Luca, 2005. "Founders' human capital and the growth of new technology-based firms: A competence-based view," Research Policy, Elsevier, vol. 34(6), pages 795-816, August.
    19. Jensen, Are & Clausen, Tommy H., 2017. "Origins and emergence of exploration and exploitation capabilities in new technology-based firms," Technological Forecasting and Social Change, Elsevier, vol. 120(C), pages 163-175.
    20. Yongan Zhang & Umair Khan & Seoyeon Lee & Madiha Salik, 2019. "The Influence of Management Innovation and Technological Innovation on Organization Performance. A Mediating Role of Sustainability," Sustainability, MDPI, vol. 11(2), pages 1-21, January.
    21. Autio, Erkko & Yli-Renko, Helena, 1998. "New, technology-based firms in small open economies--An analysis based on the Finnish experience," Research Policy, Elsevier, vol. 26(9), pages 973-987, April.
    22. Agnieszka Skala, 2019. "Digital Startups in Transition Economies," Springer Books, Springer, number 978-3-030-01500-8, September.
    23. Qian Ma & Weiwei Wu & Yexin Liu, 2021. "The Fit between Technology Management and Technological Capability and Its Impact on New Product Development Performance," Sustainability, MDPI, vol. 13(19), pages 1-12, October.
    24. Denicolai, Stefano & Zucchella, Antonella & Magnani, Giovanna, 2021. "Internationalization, digitalization, and sustainability: Are SMEs ready? A survey on synergies and substituting effects among growth paths," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    25. Erik G. Hansen & Friedrich Grosse-Dunker & Ralf Reichwald, 2009. "Sustainability Innovation Cube — A Framework To Evaluate Sustainability-Oriented Innovations," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 13(04), pages 683-713.
    26. Annika Rickne & Staffan Jacobsson, 1999. "New Technology-Based Firms In Sweden - A Study Of Their Direct Impact On Industrial Renewal," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 8(3), pages 197-223.
    27. Cahen, Fernanda Ribeiro & Lahiri, Somnath & Borini, Felipe Mendes, 2016. "Managerial perceptions of barriers to internationalization: An examination of Brazil's new technology-based firms," Journal of Business Research, Elsevier, vol. 69(6), pages 1973-1979.
    28. Kastrinos, Nikos & Weber, K. Matthias, 2020. "Sustainable development goals in the research and innovation policy of the European Union," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    29. Lee, MyoungHoon & Kim, Suhyeon & Kim, Hangyeol & Lee, Junghye, 2022. "Technology Opportunity Discovery using Deep Learning-based Text Mining and a Knowledge Graph," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    30. United Nations UN, 2015. "Transforming our World: the 2030 Agenda for Sustainable Development," Working Papers id:7559, eSocialSciences.
    31. Bettina Becker, 2015. "Public R&D Policies And Private R&D Investment: A Survey Of The Empirical Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 29(5), pages 917-942, December.
    32. Jose Ramon Saura & Pedro Palos-Sanchez & Antonio Grilo, 2019. "Detecting Indicators for Startup Business Success: Sentiment Analysis Using Text Data Mining," Sustainability, MDPI, vol. 11(3), pages 1-14, February.
    33. Gary A Knight & Daekwan Kim, 2009. "International business competence and the contemporary firm," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 40(2), pages 255-273, February.
    34. Ipsmiller, Edith & Dikova, Desislava & Brouthers, Keith D., 2022. "Digital Internationalization of Traditional Firms: Virtual Presence and Entrepreneurial Orientation," Journal of International Management, Elsevier, vol. 28(4).
    35. Xin Zhang & Yaoyu Xu & Liang Ma, 2022. "Research on Successful Factors and Influencing Mechanism of the Digital Transformation in SMEs," Sustainability, MDPI, vol. 14(5), pages 1-18, February.
    36. Wiener, Melanie & Gattringer, Regina & Strehl, Franz, 2020. "Collaborative open foresight - A new approach for inspiring discontinuous and sustainability-oriented innovations," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    37. Reza Naghizadeh & Safora Allahy & Marina Ranga, 2021. "A model for NTBF creation in less developed regions based on the Smart Specialisation concept: the case of regions in Iran," Regional Studies, Taylor & Francis Journals, vol. 55(3), pages 441-452, March.
    38. Tânia Martins & Alexandra Braga & Marisa R. Ferreira & Vítor Braga, 2022. "Diving into Social Innovation: A Bibliometric Analysis," Administrative Sciences, MDPI, vol. 12(2), pages 1-18, April.
    39. Hall, Jeremy K. & Daneke, Gregory A. & Lenox, Michael J., 2010. "Sustainable development and entrepreneurship: Past contributions and future directions," Journal of Business Venturing, Elsevier, vol. 25(5), pages 439-448, September.
    40. González-Moreno, Ángela & Triguero, Ángela & Sáez-Martínez, Francisco José, 2019. "Many or trusted partners for eco-innovation? The influence of breadth and depth of firms' knowledge network in the food sector," Technological Forecasting and Social Change, Elsevier, vol. 147(C), pages 51-62.
    41. Dana, Léo-Paul & Salamzadeh, Aidin & Mortazavi, Samira & Hadizadeh, Morteza & Zolfaghari, Mahnaz, 2022. "Strategic Futures Studies and Entrepreneurial Resiliency: A Focus on Digital Technology Trends and Emerging Markets," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 16(1), pages 87-100.
    42. Robert A. Burgelman, 1983. "Corporate Entrepreneurship and Strategic Management: Insights from a Process Study," Management Science, INFORMS, vol. 29(12), pages 1349-1364, December.
    43. R. P. Oakey, 2003. "Funding innovation and growth in UK new technology-based firms: Some observations on contributions from the public and private sectors," Venture Capital, Taylor & Francis Journals, vol. 5(2), pages 161-179, April.
    44. Bollinger, Lynn & Hope, Katherine & Utterback, James M., 1983. "A review of literature and hypotheses on new technology-based firms," Research Policy, Elsevier, vol. 12(1), pages 1-14, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Roberta Troisi & Annamaria Nese & Rocío Blanco-Gregory & Monica Anna Giovanniello, 2023. "The Effects of Corruption and Innovation on Sustainability: A Firm-Level Analysis," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    2. Naeem A. Albihany & Abdullah M. Aljarodi, 2024. "The role of personal connections Wasta on early-stage entrepreneurial orientations: empirical evidence from Saudi Arabia," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
    3. Yexin Liu & Yecheng Wu & Weiwei Wu, 2023. "Which kind of board benefits more from the relationship between entrepreneurial orientation and radical innovation? The asymmetric roles of board characteristics in China," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
    4. Maryam Soleimani & Elahe Mollaei & Mojgan Hamidi Beinabaj & Aidin Salamzadeh, 2023. "Evaluating the Enablers of Green Entrepreneurship in Circular Economy: Organizational Enablers in Focus," Sustainability, MDPI, vol. 15(14), pages 1-22, July.
    5. Xinpeng Xu & Yaqin Zhang & Yanran Liao & Xiaopeng Fu, 2023. "Labor Protection, Enterprise Innovation, and Sustainable Development," Sustainability, MDPI, vol. 15(11), pages 1-19, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dina Cunha & Sandra T. Silva & Aurora A.C. Teixeira, 2013. "Are Academic Spin-Offs necessarily New Technology-Based firms?," FEP Working Papers 482, Universidade do Porto, Faculdade de Economia do Porto.
    2. Hasan Boudlaie, 2020. "Studying the content characteristics of New Technology-Based Firms," Technium Social Sciences Journal, Technium Science, vol. 3(1), pages 94-111, February.
    3. Hanna Rydehell & Anders Isaksson & Hans Löfsten, 2019. "Effects Of Internal And External Resource Dimensions On The Business Performance Of New Technology-Based Firms," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 1-29, January.
    4. Crespo, Nuno Fernandes & Crespo, Cátia Fernandes & Silva, Graça Miranda & Nicola, Maura Bedin, 2023. "Innovation in times of crisis: The relevance of digitalization and early internationalization strategies," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    5. repec:thr:techub:1003:y:2020:i:1:p:94-111 is not listed on IDEAS
    6. Wiener, Melanie & Gattringer, Regina & Strehl, Franz, 2020. "Collaborative open foresight - A new approach for inspiring discontinuous and sustainability-oriented innovations," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    7. Candi, Marina & Kitagawa, Fumi, 2022. "Performance implications of business model centrality over technology-based firms’ life courses," Technovation, Elsevier, vol. 118(C).
    8. Hanna Rydehell & Anders Isaksson & Hans Löfsten, 2019. "Business networks and localization effects for new Swedish technology-based firms’ innovation performance," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1547-1576, October.
    9. E. J. Schwarz & P. Gregori & I. Krajger & M. A. Wdowiak, 2021. "Entrepreneurial lean thinking for sustainable business modeling: a workshop design for incumbent firms," NachhaltigkeitsManagementForum | Sustainability Management Forum, Springer, vol. 29(1), pages 41-55, March.
    10. ALARCON-OSUNA, Moises Alejandro & DIAZ-PEREZ, Claudia del Carmen, 2014. "The Technology Based Sectors In Mexico: An Analysis For The Firm Size And The Production Scale," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 23(4), pages 40-60.
    11. Swen Nadkarni & Reinhard Prügl, 2021. "Digital transformation: a review, synthesis and opportunities for future research," Management Review Quarterly, Springer, vol. 71(2), pages 233-341, April.
    12. Broccardo, Laura & Vola, Paola & Zicari, Adrian & Alshibani, Safiya Mukhtar, 2023. "Contingency-based analysis of the drivers and obstacles to a successful sustainable business model: Seeking the uncaptured value," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    13. Smith, Lisa & Rees, Patricia & Murray, Noel, 2016. "Turning entrepreneurs into intrapreneurs: Thomas Cook, a case-study," Tourism Management, Elsevier, vol. 56(C), pages 191-204.
    14. Guillermo Andrés ZAPATA HUAMANÍ & Sara FERNÁNDEZ LÓPEZ & Isabel NEIRA GÓMEZ & Lucía REY ARES, 2017. "THE ROLE OF THE ENTREPRENEUR IN NEW TECHNOLOGY-BASED FIRMS (NTBFs): AN ANALYSIS ACCORDING TO CONTEXT DEVELOPMENT," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 17(2), pages 25-42.
    15. Régis Y. Chenavaz & Alexandra Couston & Stéphanie Heichelbech & Isabelle Pignatel & Stanko Dimitrov, 2023. "Corporate Social Responsibility and Entrepreneurial Ventures: A Conceptual Framework and Research Agenda," Sustainability, MDPI, vol. 15(11), pages 1-30, May.
    16. Covin, Jeffrey G. & Garrett, Robert P. & Kuratko, Donald F. & Shepherd, Dean A., 2015. "Value proposition evolution and the performance of internal corporate ventures," Journal of Business Venturing, Elsevier, vol. 30(5), pages 749-774.
    17. Siepel, Josh & Cowling, Marc & Coad, Alex, 2017. "Non-founder human capital and the long-run growth and survival of high-tech ventures," Technovation, Elsevier, vol. 59(C), pages 34-43.
    18. Williams, Christopher & Lee, Soo Hee, 2011. "Entrepreneurial contexts and knowledge coordination within the multinational corporation," Journal of World Business, Elsevier, vol. 46(2), pages 253-264, April.
    19. Dhahri, Sabrine & Slimani, Sana & Omri, Anis, 2021. "Behavioral entrepreneurship for achieving the sustainable development goals," Technological Forecasting and Social Change, Elsevier, vol. 165(C).
    20. Dirk Deichmann & Michael Jensen, 2018. "I can do that alone…or not? How idea generators juggle between the pros and cons of teamwork," Strategic Management Journal, Wiley Blackwell, vol. 39(2), pages 458-475, February.
    21. Louise Lindbjerg & Theodor Vladasel, 2021. "Hiring Entrepreneurs for Innovation," Working Papers 1309, Barcelona School of Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:20:p:13501-:d:947237. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.