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Assessment of the application of environmentally friendly technologies to increase business competitiveness

Author

Listed:
  • Aurelija Burinskienė

    (Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania)

  • Gintarė Byčenkaitė

    (Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania)

  • Olga Lingaitienė

    (Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania)

Abstract

The paper analyses the impact of the application of environmentally friendly technologies on business competitiveness, taking into account the principles of sustainability and the aspects of business competitiveness. The growing awareness of environmental issues encourages companies to introduce innovative, environmentally friendly technologies, which reduce the negative impact on the environment and create the prerequisites for the formation of business competitive advantages. The paper presents a theoretical concept of environmental innovations and an analysis of their benefits for business. It also discusses the key factors influencing the uptake of these technologies, ranging from regulatory policy and financial incentives to consumer expectations and companies' strategic objectives. The empirical part of the study includes an analysis of three production sectors' performance results to assess how environmentally friendly technologies contribute to competitive advantage, digitalisation and sustainability. Following three stages of methodology, the study applies COPRAS method and grouping of countries based on the performance of production sectors (in particular, food, rubber, and furniture). The results reveal that most companies surveyed see the introduction of technology as an investment in long-term business success. The paper provides recommendations for companies seeking to strengthen their market position through sustainable technologies. The results are relevant for both business practice and public policy to create a sustainable and competitive production environment.

Suggested Citation

  • Aurelija Burinskienė & Gintarė Byčenkaitė & Olga Lingaitienė, 2025. "Assessment of the application of environmentally friendly technologies to increase business competitiveness," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 12(4), pages 409-421, June.
    • Handle: RePEc:ssi:jouesi:v:12:y:2025:i:4:p:409-421
    DOI: 10.9770/d2388889358
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    References listed on IDEAS

    as
    1. Muntaser Hamdouna & Mariya Khmelyarchuk, 2025. "Technological Innovations Shaping Sustainable Competitiveness—A Systematic Review," Sustainability, MDPI, vol. 17(5), pages 1-45, February.
    2. K. N. S. Venkata Ramana & Raghunathan Krishankumar & Maja Sudjicki Trzin & P. P. Amritha & Dragan Pamucar, 2022. "An Integrated Variance-COPRAS Approach with Nonlinear Fuzzy Data for Ranking Barriers Affecting Sustainable Operations," Sustainability, MDPI, vol. 14(3), pages 1-18, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    environmentally friendly technologies; business competitiveness; environmental issues; sustainability; production;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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