The Impact of Innovation on the Sustainable Development of Enterprises

Abstract

Research background Innovations are of great interest to scientists, practitioners, and decision-makers as a key instrument for achieving sustainable development, the existing literature indicates theoretical and methodological gaps in this area. Purpose The main objective of this article is to examine whether innovation positively impacts sustainable development in enterprises in the SME sector. Research methodology the study was conducted among enterprises from the SME sector in Poland. In the field of research, the electronic questionnaire technique (Google Forms) was used. Partial square inclusion equation (PLS) structural modeling was used to analyze the data. Results The ability of enterprises to achieve the desired result, create and improve products and services, high-quality products, and quick processes of transforming an idea into a product/service affect the development of enterprises towards sustainable development. Novelty Compared to previous studies, this article contains significant novelties. First, the measure of innovation and sustainable development was analyzed. Secondly, the contribution of innovation to sustainable development is shown. The article is a contribution to further research, as it formulates selective conclusions from empirical research.