Driving Sustainability-Oriented Innovation: A Study of Portuguese Industrial Companies’ Business Models
DOI:
https://doi.org/10.4067/s0718-27242025000300102Keywords:
Business Model, Innovation, Portuguese Companies, Sustainability, Sustainability Strategy, Sustainability-oriented innovationAbstract
In response to society’s growing demand for sustainable practices, innovation across products, services, processes, and business models is now expected to minimize the adverse impacts of industrial processes. This study investigated the influence of innovation management on sustainability within the business models of Portuguese industrial companies. A quantitative approach was employed through a survey conducted among Portuguese industrial companies, with data analysis performed using the partial least squares technique. The findings revealed a positive relationship between sustainability-oriented innovation practices and sustainable business models. Furthermore, the adoption of such systems had a positive influence on the level of innovation. This research contributes to the existing literature by exploring the association of innovation management with sustainability within business models. The insights gained can provide valuable guidance to managers and decision-makers in promoting innovation and facilitating the transition to a more sustainable future.
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