Technological innovation in the transformation towards social produce and sustainable business models

Authors

  • Marilin Vanessa Albarrasin Reinoso Universidad Técnica de Cotopaxi image/svg+xml
  • Luis Fernando Jacome Alarcon Universidad Técnica Estatal de Quevedo image/svg+xml
  • Wendy Tamara Mora Carpio Universidad Técnica Estatal de Quevedo image/svg+xml
  • Jonathan Paul Jimenez Gonzales Universidad UTE image/svg+xml

Keywords :

Technological innovation, transformation, business models, productive partners, sustainable

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Abstract

The objective of this research was to analyze the impact of technological innovation in the creation of socio-productive and sustainable business models, to identify the key technologies for this transformation, to propose strategies to promote technological innovation, and to address the associated barriers and challenges. The scope of the study focused on business success stories, technological research, policy analysis and collaborations, and the proposal of concrete strategies. A mixed methodology was used that included analysis of success stories, technological research, policy analysis and collaborations, as well as the identification of barriers and solutions. A comprehensive review of the updated literature was carried out to support the findings. The results revealed that the key technologies driving the transformation towards socio-productive and sustainable business models include artificial intelligence, renewable energy, the Internet of Things, blockchain and 3D printing. These technologies can improve efficiency, reduce environmental impact and promote social inclusion in different business sectors. Barriers such as lack of technological knowledge, high implementation costs, resistance to change, and lack of government incentives were identified. Strategies were proposed to address these barriers, such as the creation of enabling environments for collaboration, training programs, financial and regulatory incentives, and the dissemination of best practices. In conclusion, this research highlights the importance of technological innovation in the creation of socio-productive and sustainable business models.

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Published

2023-11-29
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How to Cite

Technological innovation in the transformation towards social produce and sustainable business models. (2023). Journal of Science and Research: Revista Ciencia E Investigación, 8(CIID-EQ-2023), 46-64. https://revistas.utb.edu.ec/index.php/sr/article/view/2981