A Conceptual Review of Sustainable Innovation: A Driver for Growing the Manufacturing Industry in Botswana
Author: Yaone Rapitsenyane
Issue: 2019, Vol. 5
Abstract
This paper analyses sustainable innovation in the context of business model innovations which have potential in growing the stagnant manufacturing industry in Botswana. The business as usual mentality should be countered by a balanced approach that ensures profit generation over a long period of time, with less negative environmental impacts and sustained improvement in quality of life of customers. This can be achieved through decoupling economic success from resource consumption. Service innovation is rapidly redefining traditional manufacturing to meet customer needs with fewer resources. This paper reviews sustainable innovation and three promising sustainable innovation business models with the potential to rethink and redefine the manufacturing landscape in Botswana. Through an analysis of five factors; the value of understanding the context, the need for a mature service culture, building a positive mind-set through design, driving competitiveness and entrepreneurship development through sustainability targets and the role of support intermediaries, the paper proposes a shift in value definition and value creation for manufacturing in Botswana to that of a mix of products and services. A more promising sustainable business model called product service system is further explored during this analysis. The paper concludes by proposing a roadmap going forward and recommendations to policy makers.
Keywords: manufacturing, product service system, service innovation, sustainable business models, sustainable innovation, creative value creation.
To download the article, please click on the PDF file or read on this page below:
Author: Yaone Rapitsenyane
Issue: 2019, Vol. 5
Abstract
This paper analyses sustainable innovation in the context of business model innovations which have potential in growing the stagnant manufacturing industry in Botswana. The business as usual mentality should be countered by a balanced approach that ensures profit generation over a long period of time, with less negative environmental impacts and sustained improvement in quality of life of customers. This can be achieved through decoupling economic success from resource consumption. Service innovation is rapidly redefining traditional manufacturing to meet customer needs with fewer resources. This paper reviews sustainable innovation and three promising sustainable innovation business models with the potential to rethink and redefine the manufacturing landscape in Botswana. Through an analysis of five factors; the value of understanding the context, the need for a mature service culture, building a positive mind-set through design, driving competitiveness and entrepreneurship development through sustainability targets and the role of support intermediaries, the paper proposes a shift in value definition and value creation for manufacturing in Botswana to that of a mix of products and services. A more promising sustainable business model called product service system is further explored during this analysis. The paper concludes by proposing a roadmap going forward and recommendations to policy makers.
Keywords: manufacturing, product service system, service innovation, sustainable business models, sustainable innovation, creative value creation.
To download the article, please click on the PDF file or read on this page below:
| A Conceptual Review of Sustainable Innovation: A Driver for Growing the Manufacturing Industry in Botswana by Yaone Rapitsenyane |
