Jul 2026· International Journal of Innovation and Technology Management (IJITM)· Vol 23· 0 citations
Abstract
This conceptual article builds on a sustainability-based perspective and research into sustainable innovation to develop a conceptual framework, which underscores the relevance of a positive sustainable purpose at the organizational level to match the growing sustainability awareness at individual and interorganizational levels. Illustrative examples indicate that a positive sustainable purpose does not generally question a firm's 'for profit' strategy. It is defined as a higher corporate purpose, which describes an organization's enduring reason to exist in the future considering a positive impact on planet and people in addition to profits, not instead of profits. In a circular economy, the present focus of most firms' ESG (environment, social, governance) strategies will be insufficient, and sustainable innovations to achieve real transformation towards circular business models deserve more attention. The drivers of sustainable development call for adapting a firm's strategic goals, innovation projects, and reason to exist towards including environmental and social aspects.
This study develops a comprehensive theoretical framework that explains the relationship between entrepreneurial management and sustainable development, with particular emphasis on the mediating role of innovation capability and the influence of strategic and institutional factors. Drawing on a conceptual research approach, the study integrates insights from entrepreneurship, strategic management, and sustainability literature to address the fragmented nature of existing research in this domain. Entrepreneurial management is conceptualized as a dynamic orientation characterized by proactiveness, innovation, and opportunity recognition, enabling firms to respond effectively to complex environmental and societal challenges. The proposed framework suggests that innovation capability serves as a critical mechanism through which entrepreneurial practices contribute to sustainable development outcomes across economic, environmental, and social dimensions. In addition, strategic orientation is identified as a supporting factor that aligns organizational activities with long-term sustainability goals, while institutional factors act as contextual influences that shape the strength and effectiveness of these relationships. The study advances a set of theoretically grounded propositions that provide a basis for future empirical validation. By offering an integrated perspective, this research contributes to the advancement of theoretical understanding in both entrepreneurship and sustainability fields. The findings also provide practical insights for entrepreneurs, policymakers, and business leaders seeking to promote sustainable business practices, particularly in the context of small and medium enterprises and emerging economies.
Dr. Alok Kumar Bhargava, Dr. Alok Kumar Sharma, Dr. Vijay Kumar et al.· Journal of Asia Entrepreneur...· 0 citations
Circular business models play a central role in shaping how sustainability-oriented innovations are designed, implemented, and scaled across organizations and markets. While a wide range of sustainable and circular business model frameworks exists, they address socio-technical interactions only implicitly and offer limited support for systematic comparison. This paper develops a socio-technical classification matrix grounded in a qualitative analysis of established business model and circular economy frameworks. Two core dimensions are identified: the primary driver of change (internal versus external) and the orientation of change (technology/operational versus market/user-oriented). The resulting matrix provides a parsimonious analytical tool for comparing sustainable business models by revealing their underlying socio-technical logic, coordination demands, and transformation pathways, thereby supporting human-centered analysis and decision-making in complex sustainability transitions.
Helmut Wittenzellner, Kevin Wollert· AHFE International· 0 citations
The growing emphasis on sustainable business practices has transformed Environmental, Social, and Governance (ESG) considerations into a central component of corporate strategy. What was once viewed primarily as a voluntary commitment to ethical conduct and environmental stewardship has increasingly become a determinant of organizational competitiveness, investor confidence, and long-term value creation. In India, the institutionalization of ESG practices has accelerated owing to regulatory interventions, rising stakeholder awareness, and the integration of sustainability concerns into investment decisions. The introduction of the Business Responsibility and Sustainability Reporting (BRSR) framework has further strengthened expectations regarding corporate transparency and accountability.This study examines ESG as a strategic imperative within the context of India's Top 500 listed enterprises. Adopting a theoretical and analytical approach, the paper explores the conceptual foundations of ESG, its evolution within the Indian corporate sector, and its implications for financial performance, innovation, reputation management, and organizational sustainability. The analysis highlights the growing recognition among leading enterprises that ESG integration extends beyond regulatory compliance and functions as a mechanism for risk mitigation, stakeholder engagement, and sustainable value generation.The study concludes that organizations embedding ESG principles into their strategic and governance frameworks are better equipped to respond to emerging economic, environmental, and social challenges. ESG is increasingly shaping corporate priorities, investment patterns, and competitive positioning, thereby becoming a critical factor in the pursuit of long-term organizational resilience and sustainable development.
Dr Malhar Pangrikar· Journal of Asia Entrepreneur...· 0 citations
This study investigates the relevance of sustainable governance (SG) and its impactful elements in the context of the Russian market, a unique case of an isolated economy, using market value as a proxy for concept relevance. Adopting stakeholder and institutional approaches, this study uses panel data from 152 firms listed on the Moscow Exchange from 2020 to 2023 to analyze the SG concept in consistency with the World Economic Forum's governance framework, which decomposes SG into strategic, stakeholder, and anticorruption components. The findings reveal a significant, positive association between SG and firm market value, confirming the overall relevance of the environmental, social, and governance (ESG) triad's “G” component, even in a geopolitically isolated and institutionally distinctive context, although each SG component's value relevance differs. This study contributes to the stakeholder theory literature by highlighting the need to consistently contextualize global frameworks with institutional motivations and contributes to the broader debates on cultural specificity in governance theory.
E. Kiseleva, Andrea Cardoni, E. Makeeva et al.· Business Strategy and the En...· 0 citations
Due to the stricter resource and environmental limitations, it is crucial for enterprises to undertake effective ecological environmental protection duties at the same time as seeking economic benefits. This topic has become an important issue in the study of sustainable business. By applying the theories of natural capital, corporate social responsibility (CSR) and green innovation strategy as the theoretical basis, this paper comprehensively reviews the research achievements in the field of corporate environmental responsibility and constructs a three-dimensional integrated analytical framework of "motivation-capability-context". The results are as follows: (1) The theory of natural capital modifies the traditional idea that ecological environment is an external factor of economic development, offering a scientific basis for corporate environmental strategies; (2) There is a significant positive interactive effect between ESG performance and green technological innovation, where R&D investment and information disclosure play a key role as the transmission channels; (3) The interaction between regulatory pressures, stakeholder's expectations from the market and internal corporate abilities jointly influences the environmental responsibility behaviour and decisions of enterprises. According to the above analytical framework, some policy suggestions such as improving environmental information disclosure regulations, strengthening green financial incentive systems and promoting the cooperative management of green supply chains have been put forward. These proposals provide theoretical basis and practical references for helping enterprises to achieve their green transformation.
Hao Chen, Zhuangzhuang Yin· Scientific Journal Of Humani...· 0 citations
This study examines how environmental regulations and green innovation influence sustainable business performance in Vietnam's hospitality industry. Drawing on the resource‐based view and natural resource‐based view frameworks, the study investigates how regulatory pressure and internal green capabilities contribute to economic, social, and environmental sustainability. Data were collected through a structured survey of 357 managers and board members from hotels and resorts across major tourist destinations in Vietnam. The results reveal that environmental regulations play a significant role in driving green innovation, which in turn enhances sustainable business performance. Green innovation also serves as a key driver of competitive advantage, operational efficiency, and long‐term profitability. These findings highlight the strategic importance of integrating green innovation and sustainability practices to meet regulatory requirements, strengthen market positioning, and support holistic business success. The study provides actionable insights for policymakers, business leaders, and researchers seeking to advance sustainable development within the hospitality sector.
Q. Truong, P. Van Nguyen, A. M. Do et al.· Sustainable Development· 0 citations
