Behind the Fallout: Environmental Strategy and Innovation Gone Awry
description: Innovation and environmental strategy play vital roles in addressing the issues of ecological preservation and sustainability. This chapter explores the complicated nature of these concepts, along with their benefits and risks. It also aims to uncover practical lessons from its identified failures. The chapter provides an overview of innovation and environmental strategy, emphasizing their importance in today's environmental and business landscapes. It also explores the central theme of the study: the failure of innovation and environmental strategy to address the challenges of sustainability. Secondly, the chapter explores the various causes of environmental strategy malfunctions. Through a combination of case studies and analysis, it is possible to learn about the common traps, such as poor execution and resource limitations. Thirdly, the chapter focuses on the relationship between innovation and the environment, shedding light on its potential and also the obstacles it encounters in case studies of unsuccessful approaches. The impact of regulation and environmental policy on corporate strategy is explored in the fourth section, which considers how such changes can affect existing approaches, offering practical insights through case studies. Next, the importance of collaboration and communication is emphasized, in which case studies show how poor stakeholder engagement can affect the outcome of an environmental strategy. The sixth section of the chapter tackles the technological issues that can arise when implementing an environmental strategy. It delves into the cases where technological obstacles have resulted in failures. Next, the effect of culture on environmental initiatives is explored. This shows how short-term thinking and resistance to change can either hinder or support initiatives. The eighth section focuses on improving environmental strategies. It offers suggestions on identifying and rectifying issues with such approaches, emphasizing the significan…
creator: Krishnan, V. Saravana; Aruna, P.; Prakash, M.; Mynavathi, L.; Akram, Muhammad
source: Finance, Innovation and Corporate Sustainability: the Impact of Proactive Environmental Strategy on Firm Performance;pp.161-192
publisher: Taylor and Francis
date: 01-01-2025
rights: Restricted Access; Hardcopy may be available in the library
relation: ISBN: 978-104038963-8; 978-100350112-1;
language: English
type: Book chapter
coverage: Krishnan V.S., CHRIST (Deemed to be University), India; Aruna P., CHRIST (Deemed to be University), India; Prakash M., CHRIST (Deemed to be University), India; Mynavathi L., CHRIST (Deemed to be University), India; Akram M., Abertay University, United Kingdom