This special issue focuses on research that examines a diverse set of determinants that can influence innovation and business performance while optimising social welfare and utility. The research in this special issue covers a range of topics, including individual and learning factors such as interpersonal competencies and employee behaviour, business factors such as brand attractiveness and organisational excellence, as well as regional factors and their effect on the global business environment.In the future, innovation gaps will be evident and pronounced in various sectors and economies (Sharma et al., 2022). Market trends are influencing the behaviours of organisations and individuals. Moreover, Nyagadza (2022) highlights the dynamic and intense nature of the changes happening in technology globally and the specific market environment in which business organisations operate. The development of business models that focus on innovative progress remains an unresolved issue due to the need to define the functions and responsibilities of participants in the ecosystem (Krasyuk et al., 2021). In that sense, organisational effectiveness and innovation have become global priorities (Naveed et al., 2022).In order to achieve success in the global market, it is necessary for a firm to align and manage its resources effectively in response to dynamic market conditions (Bashir et al., 2022). In particular, authors such as Porter and Kramer (2006) propose new relationships and considerations between business and society that make it possible to identify the social consequences of their actions and to determine the opportunities in the environment. In turn, others such as Rico and Cabrer-Borr as (2019) highlight the relationship between the level of knowledge and innovation and regional economic growth. Accordingly, companies attempt to effectively navigate the competitive landscape by crafting an appropriate strategy (Garrido-Vega et al., 2021). As a result, in order to maximise the benefits and minimise the negative impact, many business strategies are being modified.Society has been involved in various changes over the last few years, generating vulnerabilities and risks for organisations. Vulnerability has various meanings ranging from direct damage from disasters to indirect factors (Kim et al., 2021). Therefore, it is essential to analyse the variables derived from the constant changes in today's world and to consider other elements such as innovation and business management for the success and