Path to Sustainable Competitive Advantage with Use of Environmental, Social and Governance Principles

Authors

DOI:

https://doi.org/10.37497/esg.v6i1.1590

Keywords:

ESG, Sustainable Competitive Advantage, Social and Governance Principles, Innovation

Abstract

Purpose of the study: This study aims to analyze the relationship between product innovation and strategic resources used by the furniture enterprises, under the perspective of sustainable competitive advantage, with the intention to identify the resources previous to innovation.

Methodology/approach: The method used in this research is a quantitative and descriptive study, through a survey, applied to 1067 companies in Brazilian furniture industry. The data analysis occurred through Structural Equation Modeling.

Originality/Relevance: Product innovation and strategic resources are capable of providing great potential for economic transformation. It is strategically acknowledged that there is a relationship between product innovation and the use of resources, however, there are as yet insufficient empirical studies to determine which resources influence product innovation. Another important aspect is to evaluate the influence of Environmental, Social and Governance sustainability precepts in the development of new products.

Key findings: In the empirical study, noticed that Product Innovation results from the use of resources, which configures innovation antecedents.

Theoretical/methodological contributions: This study contributes the advancement of science, which can be used to analyze the antecedents of Product Innovation, which pointed out that companies with strategic resources can expand the capacity of innovation by generating sustainable Product Innovation, which leads to the success of a new product.

Social contributions/to management: This study can contribute to managerial decisions, as the results indicate that the Success in New Product Development proved to be an essential form of competitive advantage, comparing the results of Product Innovation with competitors and relating this performance to the use of Environmental, Social and Governance principles.

Author Biographies

Julio Cesar Ferro De Guimarães , Universidade Federal de Pernambuco (UFPE), Pernambuco

Pós-Doutor em Administração pela Universidade de Caxias do Sul (UCS). Doutor em Administração pela Pontifícia Universidade Católica do Rio Grande do Sul (PUC/RS), e pela Universidade de Caxias do Sul (UCS).

Eliana Andréa Severo , Universidade Federal de Pernambuco (UFPE), Pernambuco

Pós-Doutora em Administração pela Universidade de Caxias do Sul, UCS. Doutora em Administração pela Pontifícia Universidade Católica do Rio Grande do Sul, PUCRS, e pela UCS.

Eric Charles Henri Dorion , École de Technologie Superieure, ETS

Doutor em Administração de Empresas pela Universidade de Sherbrooke, Canadá (2003), Mestre em Administração de Empresas pela Université Laval, Canadá (1997) e Bacharel em Geografia pela Université Laval, Canadá (1985). Atualmente, é professor na École de Technologie Supérieure ÉTS (MGPE), Canadá.

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2023-02-07

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FERRO DE GUIMARÃES , J. C.; SEVERO , E. A.; DORION , E. C. H. Path to Sustainable Competitive Advantage with Use of Environmental, Social and Governance Principles . ESG Law Review, São Paulo (SP), v. 6, n. 1, p. e01590, 2023. DOI: 10.37497/esg.v6i1.1590. Disponível em: https://esglawreview.org/convergencias/article/view/1590. Acesso em: 21 apr. 2024.

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