Overview
- Addresses various aspects of development in face of competitive demands arising from innovation and consumer awareness
- Focuses on innovative influence of Industry 4.0 on the textile industry
- Aims to give readers a comprehensive overview of innovation and sustainability in the textile sector
Part of the book series: SDGs and Textiles (SDGT)
Buy print copy
Tax calculation will be finalised at checkout
About this book
The primary objective of this book is to offer readers an insightful exploration into the realms of innovation and sustainability within the textile industry. As global competition intensifies, organizations are increasingly compelled to revisit and refine their business strategies, emphasizing the imperative for continuous innovation and adaptability. This shift towards innovation-centric strategies is driven by the pursuit of sustainability and a competitive advantage, underscoring innovation as the cornerstone for business growth and market expansion. Innovation not only opens avenues for companies to overhaul their business models and enhance process technologies but also enables them to achieve optimal productivity and minimize waste.
In an era characterized by swift technological advancements, the demand for rapid information flow, and evolving consumer preferences, a firm’s capability to innovate emerges as a critical determinant of its growth, sustainability, and competitive positioning in the textile sector. Process innovation, which entails the adoption of novel or significantly improved manufacturing or delivery methodologies, plays a pivotal role. This could involve substantial modifications in techniques, equipment, and/or software, aimed at bolstering production efficiency, augmenting quality, or facilitating the creation and delivery of significantly improved or new products.
Manufacturing firms, through their marketing departments, are in a constant quest for opportunities to develop new products to maintain their competitive edge. Organizations that lag in embracing innovation risk losing their market share and profitability as competitors seize the opportunity to outperform them. A firm’s innovative capabilities are instrumental in fostering long-term market sustainability and business growth by delivering unparalleled value to customers. Consequently, innovation is integral to corporate strategies for a myriad of reasons – from achieving more efficient production processes and enhancing market performance to cultivating a forward-thinking brand image and securing a sustainable competitive advantage.
Keywords
- Financing of innovation
- Sustainability innovation
- Innovation Management
- Industry 4.0
- Entrepreneurial orientation
- Diffusion of innovations
- Market Orientation
- Risk and innovation management
- Supply chain
- Stakeholders
- Corporate social responsibility
Editors and Affiliations
Bibliographic Information
Book Title: Industry and Innovation: Textile Industry
Editors: José Moleiro Martins
Series Title: SDGs and Textiles
Publisher: Springer Cham
eBook Packages: Chemistry and Materials Science, Chemistry and Material Science (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024
Hardcover ISBN: 978-3-031-57803-8Due: 02 July 2024
Softcover ISBN: 978-3-031-57806-9Due: 02 July 2024
eBook ISBN: 978-3-031-57804-5Due: 02 July 2024
Series ISSN: 2948-1236
Series E-ISSN: 2948-1244
Edition Number: 1
Number of Pages: X, 358
Number of Illustrations: 17 b/w illustrations, 97 illustrations in colour