| Title |
Creating value, not wasting resources: sustainable innovation strategies |
| ID_Doc |
70348 |
| Authors |
Slowak, AP; Regenfelder, M |
| Title |
Creating value, not wasting resources: sustainable innovation strategies |
| Year |
2017 |
| Published |
Innovation-The European Journal Of Social Science Research, 30, 4 |
| Abstract |
It is well-accepted in academic and public debate that society has overused natural resources. Business managers in consequence face a normative framework where products need to become more sustainable. The paper characterises the mechanisms and logic that make [environmentally] sustainable innovation strategies. Those mechanisms highlight multiple value creation and sustaining value beyond the original new product lifecycle. They yield as much utility as possible from the embedded natural resources. And they avoid creating waste. Multiple value creation asks managers to revaluate the attrite product or to make customers change their use patterns. The paper then demonstrates how to extend the old logic of innovation with a phase of revaluation: a phase promoting further use of the product and/or material. Our concept is empirically illustrated by two industry case examples. Namely, the copier and the emerging automotive lithium-ion batteries industry. We provide a patent analysis in order to demonstrate the assessment of extended life cycles, for the case of recovery of raw materials from disposed products. |
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