GREEN INNOVATION STRATEGIES, ORGANIZATIONAL COMPETENCIES AND FIRMS PERFORMANCE IN THE CONTEXT OF MANUFACTURING SECTOR: A THEORETICAL REVIEW
Abstract
There is a notable increase in an environmental awareness emanating from reaction to environmental degradation which has mounted pressure to organizations recognize green innovation as key pillar towards sustainable development and competitive advantage among firms. Green innovation has also gained undisputed interest among management scholars and business practitioners. Ecological crisis evidenced in manufacturing sector has prompted stricter environmental regulations to push firms towards going green. However for firms to transit well to green economy it calls for firms to possess competences which will help firms add value to available resources as well as mitigate environmental degradation. The existing theoretical and empirical literatures had been inconclusive on how they conceptualize green innovation and firm performance and role played by organizational competences and environmental regulations. This paper provided a review of the extant theoretical and empirical literature on green innovation strategies, organizational competences and firm performance in the manufacturing sector context. The relevant theories were cross examined, constructs and their operational indicators identified and compared against existing empirical work where emergent conceptual and theoretical knowledge gaps were identified. The paper finally proposed a multidisciplinary based theoretical model suitable for advancing knowledge in this area together with the accompanying implications for future research.
Key words: Green innovation strategies, Organizational competences, Environment regulation, Firm performance, Manufacturing sector
CITATION: Nzomo, J. K., (2019). Green innovation strategies, organizational competences and firms performance in the context of manufacturing sector: A theoretical review. The Strategic Journal of Business & Change Management, 6 (2), 615 – 639.
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DOI: http://dx.doi.org/10.61426/sjbcm.v6i2.1131
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