Eco-innovations and Their Role in Contemporary Business

Abstract

Eco-innovations become a more and more significant aspect in management theory and business practice. The concept is considered to be a solution linking the ideas of corporate social responsibility (CSR) and innovation. The aim of the study is to discuss the eco-innovations concept and their role in contemporary business. In order to meet the aim of the paper, the following operational objectives were indicated: (1) to present and discuss definitions of the eco-innovations concept; (2) to exemplify different types, antecedents and dimensions of eco-innovations; (3) to identify benefits of eco-innovations; (4) to consider eco-innovations as a source of potential competitive advantage. This study is based on the methodology of systematic literature review. The article exemplifies the definitions of eco-innovations, their types, antecedents and different dimensions. Later, it is discussed the role of eco-innovations in building the competitive advantage. The study confirms that eco-innovations can generate benefits for businesses and their environment. Thus, the role of eco-innovations in contemporary business can be considered as significant.