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Responsible innovation and resource-based theory: advancing an antecedent-outcome model for large manufacturing firms through structured literature review

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Abstract

Technological innovations, despite their several benefits, may have drawbacks, thus, they need a control mechanism or directional channel. Responsible innovation (RI) has gained popularity in technology-intensive countries as a way to regulate otherwise uncontrollable and radical technological innovations. However, existing RI research lacks a clear theoretical foundation and has not adequately addressed the commercial and performance aspects of innovative products and firms. The current research proposes an empirically testable model for RI by conducting a structured literature review, focusing on the commercial aspect of innovative products and firms’ sustainability performance in the financial, social, and environmental dimensions. The study suggests a link between RI and the resource-based theory of the firm and proposes that RI can be seen as a distinctive competency developed through the firm’s resources and capabilities. The model would help enterprises achieve ethical and social acceptability and improve sustainability performance. Metadata examination of 98 articles yielded insights. The findings and future research directions of this study provide new insights for business strategy and policy.

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Data availability

The data that support the findings of this study are available from the corresponding author upon request.

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Acknowledgements

The authors acknowledge the guidance and support provided by the Co Editor, Asian Journal of Business Ethics, Prof: Robin Snell, for the improvement of this article.

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  1. Graduate School of Business, Universiti Sains Malaysia, Gelugor, 11800, Penang, Malaysia

    Khalid Rasheed Memon & Say Keat Ooi

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  1. Khalid Rasheed Memon
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This research has been completed by the first author under the supervision of second author.

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Memon, K.R., Ooi, S.K. Responsible innovation and resource-based theory: advancing an antecedent-outcome model for large manufacturing firms through structured literature review. Asian J Bus Ethics 12, 441–467 (2023). https://doi.org/10.1007/s13520-023-00181-6

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