Importance of Sustainable Innovation with Bio-bean Case Study

Individual Case Study
Analysis

Table of Contents
INTRODUCTION ..........................................................................................................................4
MAIN BODY ..................................................................................................................................4
Part A...............................................................................................................................................4
Discuss the importance of sustainable innovation with support of real life example like the
bio-bean into critical manner......................................................................................................4
Part B...............................................................................................................................................6
Examine the current lifestyle and write the reflective document in which manner it could
comply with the sustainability ideals..........................................................................................6
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Sustainable innovation refers to the making of intentional changes to the company's
products and services in order to generate the long term environmental and social benefits by
creating the economic profits for the firm. It basically meets the requirements of present
generations without compromising the needs of generations of future(Björklund and Forslund.,
2018). In the present report, according to the case bio bean firm is taken into consideration. It is
basically the British firm, which is involved into the development of eco- friendly fuel from
coffee waste to power London buses. The present report will cover discussion about the
importance of sustainable innovation with support of real life example of bio-bean. In addition to
this, the report will cover analysis about the current lifestyle and also write the reflective
document that in which manner comply with the sustainability ideals.
MAIN BODY
Part A
Discuss the importance of sustainable innovation with support of real life example like the bio-
bean into critical manner
Sustainable innovation: Sustainability basically refers to the ability to support or
maintain the process continuously over the period of time. It is a kind of societal goal which has
three dimension which includes economic, environmental and social dimension. It is about
fulfilling their requirements from natural resources without compromising the generations of
future and also the ability to fulfil their requirements from the resources at natural level.
Importance of sustainable innovation: Sustainable innovation is important because it
basically meet the requirements of present generations without compromising the needs of future
generations. Innovation is considered as the important factor for measuring the success of an
organisation due to positive resultant changes in a firm's real process, product or service which
exceeds the impact of previous achievements(Delmas and Pekovic., 2018). At the organisational
level of bio bean firm, a clear direction is required for employees to recognise that in which
manner sustainability fits into the goals of a company. There is also another requirement which is
the resource availability for sustainability focused innovation. For raising the support and
visibility for such innovations, expertise, sufficient budget and corporate backing is required into
positive manner.