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Proposal for an Eco-Innovation Concept for Small- and Medium-Sized Enterprises (SMEs)

Author

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  • Juan Manuel Bucheli-Calvache

    (Faculty of Economic, Accounting and Administrative Sciences, Fundación Universitaria de Popayán, Popayán 190003, Colombia)

  • Alexander Zuñiga-Collazos

    (Faculty of Economics Sciences, Universidad de San Buenaventura, Cali 76001, Colombia)

  • Fabian Osorio-Tinoco

    (Department of Management and Organization, Pontificia Universidad Javeriana, Cali 760031, Colombia)

  • María de los Ángeles Cervantes-Rosas

    (Faculty of Administrative Economic Sciences, Universidad Autónoma de Occidente, Guasave 81048, Mexico)

Abstract

Eco-innovation is an important factor not only for the competitiveness of companies in the face of the greening of markets but also as one of the primary means on the road to sustainable development. However, there is a remarkable conceptual diversity in the subject given the theoretical perspective from which eco-innovation is analyzed. Therefore, this research aims to establish an integrating concept of eco-innovation, based on elements of acceptance in the scientific literature, for its application in SMEs. To this end, 40 articles from recognized scientific databases such as ScienceDirect, Scopus and Web of Science (WoS) were reviewed, resulting in a concept that covers the economic approach, definition, dimensions and drivers of eco-innovation. It was found that the implementation of eco-innovation is dependent on the degree of formalization in each element according to the institutional context in question.

Suggested Citation

  • Juan Manuel Bucheli-Calvache & Alexander Zuñiga-Collazos & Fabian Osorio-Tinoco & María de los Ángeles Cervantes-Rosas, 2023. "Proposal for an Eco-Innovation Concept for Small- and Medium-Sized Enterprises (SMEs)," Sustainability, MDPI, vol. 15(13), pages 1-15, June.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:13:p:10292-:d:1182681
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    References listed on IDEAS

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    1. Chris Foster & Ken Green, 2000. "Greening the innovation process," Business Strategy and the Environment, Wiley Blackwell, vol. 9(5), pages 287-303, September.
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    Cited by:

    1. Dominika Siwiec & Andrzej Pacana, 2024. "Decision-Making Model Supporting Eco-Innovation in Energy Production Based on Quality, Cost and Life Cycle Assessment (LCA)," Energies, MDPI, vol. 17(17), pages 1-26, August.

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