Role of Technological Innovation in Achieving Social and Environmental Sustainability: Mediating Roles of Organizational Innovation and Digital Entrepreneurship
Innovation has been a major growing driver of sustainability. The topic addressed in this study is a much-required transition to environmental and social sustainability considering the role of innovation in pacing up those changes. Digital evolution has greatly helped in dealing with climatic changes and promoting sustainability. This has helped the entrepreneurial organizations to adopt innovative approaches to tackle the inflexible challenges. Few developed and developing countries are at the forefront regarding technological innovation that encounter significant challenges in terms of innovation and adoption of new technologies and there is still a study vacuum as to whether the influence of technical innovation on achieving social and environmental sustainability differs depending on the stage of sustainability. This quantitative study has explored these effects collecting data from the SME’s (small and medium enterprises). The findings of the study show that attitude toward technological innovation has a strong role to play in organizational innovation, digital entrepreneurship, environmental and social sustainability. Organizational innovation has been found a strong mediator between technological innovation and sustainability while digital entrepreneurship could not find significant results as mediator. This study will be useful for the countries and organizations involved in adopting new technologies considering their organization’s role in achieving an overall eco-friendly and social sustainability.
Economic development has long been a focus of economic strategies, but it is only in the last few decades that sustainability has risen to the center of economic discourse and acquired substantial significance. Environmental conservation and social inclusion have made inroads into modern economics in recent times. Economic development cannot be sustained without social equality and environmental sustainability, it has become more obvious. Environmental sustainability is the route to the world we desire for everybody, stated former UN Secretary-General Ban Ki-moon. It provides a framework for achieving economic development, social fairness, environmental responsibility, and improved governance (1, 2). Economic, social, and environmental sustainability all fall under the umbrella of sustainable development (3, 4). Due to resource restrictions, conflicts between social, economic, and/or sustainable environmental objectives sometimes in between develops. However, according to modified neoclassical growth theories, in order to provide economic stability for future generations, it is critical to accomplish sustainability. Current policies, increased employment, and technological dissemination are all critical for sustainability performance.
Over time, environmental sustainability has become increasingly important. It instills a sense of resource scarcity and the importance of limiting environmental damage. It refers to decisions that will have an impact on all living things, environmental assets, and the environment (5). As a consequence, resource allocation must prioritize environmental sustainability. Biophysical boundaries, time dimension, social and moral systems, as well as uncertainties regarding technological advances and human wellbeing, must all be considered in future. Because some parts of harm to the natural ecosystem are permanent, achieving this goal is critical. Recent research suggests that environmental conservation, as well as human resources may be necessary preconditions for long-term economic success (6). Government, wealth inequality, property ownership, social inclusion, and empowering women are just a few of the elements that have a significant impact on a country’s environmental sustainability.
Economic development has long been a focus of economic strategies, but it is only in the last few decades that sustainability has risen to the center of economic discourse and acquired substantial significance. Environmental conservation and social inclusion have made inroads into modern economics in recent times. Economic development cannot be sustained without social equality and environmental sustainability, it has become more obvious. Environmental sustainability is the route to the world we desire for everybody, stated former UN Secretary-General Ban Ki-moon. It provides a framework for achieving economic development, social fairness, environmental responsibility, and improved governance (1, 2). Economic, social, and environmental sustainability all fall under the umbrella of sustainable development (3, 4). Due to resource restrictions, conflicts between social, economic, and/or sustainable environmental objectives sometimes in between develops. However, according to modified neoclassical growth theories, in order to provide economic stability for future generations, it is critical to accomplish sustainability. Current policies, increased employment, and technological dissemination are all critical for sustainability performance.
Over time, environmental sustainability has become increasingly important. It instills a sense of resource scarcity and the importance of limiting environmental damage. It refers to decisions that will have an impact on all living things, environmental assets, and the environment (5). As a consequence, resource allocation must prioritize environmental sustainability. Biophysical boundaries, time dimension, social and moral systems, as well as uncertainties regarding technological advances and human wellbeing, must all be considered in future. Because some parts of harm to the natural ecosystem are permanent, achieving this goal is critical. Recent research suggests that environmental conservation, as well as human resources may be necessary preconditions for long-term economic success (6). Government, wealth inequality, property ownership, social inclusion, and empowering women are just a few of the elements that have a significant impact on a country’s environmental sustainability.
