LAPSE:2021.0144
Published Article
LAPSE:2021.0144
Firm’s Sustainability and Societal Development from the Lens of Fishbone Eco-Innovation: A Moderating Role of ISO 14001-2015 Environmental Management System
Md. Abu Toha, Satirenjit Kaur Johl, Parvez Alam Khan
March 24, 2021
Eco-innovation has gained considerable attention in academia as well as in industry due to its potential in mitigating environmental challenges and its positive correlation with firm performance. However, there are limited studies which have investigated the moderating relation of International Organization for Standardization (ISO) 14001:2015 between eco-innovation and firm sustainability in their contribution to societal development. This research is supported by a resource-based theory which explores the core-competencies of firms and challenges the resources creating the competitive advantage of the firm without compromising on the social responsibility aspect of the firm. This study proposes a fishbone eco-innovation business model, which includes production (product, process, and technology) and non-production (organization and marketing) business activities mapped with the 17 Sustainable Development Goals (SDGs) for societal development. This fishbone eco-innovation business model signals to the stakeholders about the organization’s innovation in their green implementation, which goes beyond mere compliance. The contribution of the fishbone eco-innovation business model to societal development will create a unique competitive edge and green goodwill amongst the external stakeholders, which will attract sustainably responsible investors for investment. This article draws propositions and develops a conceptual model for future empirical research on eco-innovation and societal development.
Keywords
eco-innovation, environment management system, firm sustainability, fishbone diagram, ISO 14001:2015, societal development
Subject
Suggested Citation
Toha MA, Johl SK, Khan PA. Firm’s Sustainability and Societal Development from the Lens of Fishbone Eco-Innovation: A Moderating Role of ISO 14001-2015 Environmental Management System. (2021). LAPSE:2021.0144
Author Affiliations
Toha MA: Department of Management and Humanities, Universiti Teknologi PETRONAS, Seri Iskandar 32610, Perak, Malaysia [ORCID]
Johl SK: Department of Management and Humanities, Universiti Teknologi PETRONAS, Seri Iskandar 32610, Perak, Malaysia
Khan PA: Department of Management and Humanities, Universiti Teknologi PETRONAS, Seri Iskandar 32610, Perak, Malaysia
Journal Name
Processes
Volume
8
Issue
9
Article Number
E1152
Year
2020
Publication Date
2020-09-15
Published Version
ISSN
2227-9717
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Original Submission
Other Meta
PII: pr8091152, Publication Type: Journal Article
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LAPSE:2021.0144
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doi:10.3390/pr8091152
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Mar 24, 2021
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CC BY 4.0
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[v1] (Original Submission)
Mar 24, 2021
 
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Mar 24, 2021
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https://psecommunity.org/LAPSE:2021.0144
 
Original Submitter
Calvin Tsay
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