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Responsible Innovation Toward Sustainable Development in Small and Medium‐Sized Enterprises: a Resource Perspective

Minna Halme, Maria Korpela · 2013 · Business Strategy and the Environment

Summary. Small and medium-sized enterprises can develop responsible innovations for sustainable development even with limited resources. Research on 13 Nordic SMEs shows that equity capital is necessary, but the specific resource combinations needed vary by innovation type. Business model innovations require minimal resources—mainly equity and social capital—while environmental technology innovations demand more abundant resources, particularly industry knowledge and R&D cooperation.

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Halme, M., & Korpela, M.. (2013). Responsible Innovation Toward Sustainable Development in Small and Medium‐Sized Enterprises: a Resource Perspective. Business Strategy and the Environment. https://doi.org/10.1002/bse.1801

Details

DOI
10.1002/bse.1801
Countries
Finland
Regions
Europe
Categories
entrepreneurship, climate-and-environment, innovation-theory, general-innovation
Added
2026-04-28