negative impact on the resources used. It has now become an integral part of the
industries to adopt eco-innovation after government and environmental effects.
Varied types of eco-innovation can be witnessed, such as innovation in product,
innovation in process, innovation in organizational values, innovation in marketing
with a different set of attributes, and contribution to reducing burden. Cheng et al.
(2014) studied to create a link between eco-innovation and business, in which
authors used structural modeling by considering almost 121 samples from TEMA
(Taiwan Environmental Management Association). They noticed that the concept of
eco-innovation has a strong influence on business performance. Besides, innovation
in process and product conciliates organizational innovation. The three factors, such
as eco-process, product, and organizational innovations, directly or indirectly affect
business.
Bossle et al. (2016) reviewed the steps to be followed to integrate innovation
based on sustainability. The highlights that were mentioned pertain to influencing
factors and motivation necessary for the industries to adopt to eco-innovation
systems. It was concluded that specific action would be necessary to make companies adopt such revolutionary changes in eco-innovation. Besides, the authors also
recommend that the focus of companies to make a profit after sales should be
diverted to adopt eco-innovations, which also results in profit. In finding out the
driving force necessary to adopt eco-innovation in Slovenia, Hojnik and Ruzzier
(2016) depict that variation in the economy of a particular country affects global
trade and production. The same is true in the perception of pollution, management,
and environmental phenomena. All of these have the potential to affect across
geographic borders. Thus, the concept of sustainability shared by countries will
also influence the others to adopt globally, because increasing population and limited
resources become salient issues to be addressed. The study was focused on bringing
a solution to technological and nontechnological issues in reducing the consumption
of energy and material. Data of almost 223 companies across Slovenia was collected
and analyzed. The study revealed that there are specific key issues that need to be
deployed as they are conducive to eco-innovation. Empirical evidence revealed that
competitive pressure is one such key factor that acts to be a driving force in
eco-innovation. They concluded that eco-innovation results in growth and profitability and brings competitive culture, while profit has zero impact.
The analysis carried out by Przychodzen and Przychodzen (2015) enabled to
provide a link between eco-innovation and financial aspects based on the company’s
public trading between 2006 and 2013 situated in Poland and Hungary, as the
relationship between these two in central and western European companies remained
unanswered. The work was to find the gaps in product and process innovation,
followed by market and supply systems. The results indicated that eco-innovation
was characterized by retention on low earnings, equity, and higher returns. Besides,
it was noticed that more substantial companies could accommodate the concept of
eco-innovation, as these companies possess lower financial risk compared to conventional firms. It was concluded that financial capabilities become relevant in the
development of eco-innovative culture in an organization.
12 An Overview of Sustainability of Textile Wastewater Management in Textile. . .
295
industries to adopt eco-innovation after government and environmental effects.
Varied types of eco-innovation can be witnessed, such as innovation in product,
innovation in process, innovation in organizational values, innovation in marketing
with a different set of attributes, and contribution to reducing burden. Cheng et al.
(2014) studied to create a link between eco-innovation and business, in which
authors used structural modeling by considering almost 121 samples from TEMA
(Taiwan Environmental Management Association). They noticed that the concept of
eco-innovation has a strong influence on business performance. Besides, innovation
in process and product conciliates organizational innovation. The three factors, such
as eco-process, product, and organizational innovations, directly or indirectly affect
business.
Bossle et al. (2016) reviewed the steps to be followed to integrate innovation
based on sustainability. The highlights that were mentioned pertain to influencing
factors and motivation necessary for the industries to adopt to eco-innovation
systems. It was concluded that specific action would be necessary to make companies adopt such revolutionary changes in eco-innovation. Besides, the authors also
recommend that the focus of companies to make a profit after sales should be
diverted to adopt eco-innovations, which also results in profit. In finding out the
driving force necessary to adopt eco-innovation in Slovenia, Hojnik and Ruzzier
(2016) depict that variation in the economy of a particular country affects global
trade and production. The same is true in the perception of pollution, management,
and environmental phenomena. All of these have the potential to affect across
geographic borders. Thus, the concept of sustainability shared by countries will
also influence the others to adopt globally, because increasing population and limited
resources become salient issues to be addressed. The study was focused on bringing
a solution to technological and nontechnological issues in reducing the consumption
of energy and material. Data of almost 223 companies across Slovenia was collected
and analyzed. The study revealed that there are specific key issues that need to be
deployed as they are conducive to eco-innovation. Empirical evidence revealed that
competitive pressure is one such key factor that acts to be a driving force in
eco-innovation. They concluded that eco-innovation results in growth and profitability and brings competitive culture, while profit has zero impact.
The analysis carried out by Przychodzen and Przychodzen (2015) enabled to
provide a link between eco-innovation and financial aspects based on the company’s
public trading between 2006 and 2013 situated in Poland and Hungary, as the
relationship between these two in central and western European companies remained
unanswered. The work was to find the gaps in product and process innovation,
followed by market and supply systems. The results indicated that eco-innovation
was characterized by retention on low earnings, equity, and higher returns. Besides,
it was noticed that more substantial companies could accommodate the concept of
eco-innovation, as these companies possess lower financial risk compared to conventional firms. It was concluded that financial capabilities become relevant in the
development of eco-innovative culture in an organization.
12 An Overview of Sustainability of Textile Wastewater Management in Textile. . .
295