Prof. Mark Anthony Camilleri has recently co-authored an open-access article through Wiley's Business Strategy and the Environment (BSE) journal. This week it was published through an issue (and includes full citation details).
This contribution is focused on open innovation approaches that address triple bottom-line corporate sustainability objectives.
To date, few researchers have linked open innovation approaches with triple bottom line corporate sustainability objectives in terms of economic, social, and environmental performance. A systematic review suggests that the businesses' collaborative relationships with external consultants or organisations can increase their competitive advantage, as external stakeholders could assist them in the development of sustainable innovations, diversification into different markets, and in the generation of new revenue streams. At the same time, they can support them in addressing numerous deficits in society. On the other hand, this contribution implies that an organisational culture that promotes open innovation approaches could expose practitioners to risks and uncertainties, like revealing sensitive information to outsiders, among others. In reality, it may prove difficult for the businesses to trust new partners, as they are not subject to their organisations' codes of conduct, rules, and regulations.
The full paper can be accessed .
BSE is the leading academic journal in its field with peer-reviewed contributions of a high quality. It seeks to provide original contributions that add to the understanding of business strategies for improving the natural (green) environment. It seeks to publish research into systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organisations and management, supply chains, circular economy, governance, green finance, particular industry sectors and responses of business to climate change and other contemporary environmental issues. Contributions are encouraged which extend the scope of activity from environmental management to sustainability in business. The journal should be of interest to a broad interdisciplinary audience including academics, practitioners, business managers and consultants.
