Using green process innovation to reduce financial risk: Some other internal and external factors to consider

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Making business processes more environmentally-friendly can help companies better manage financial performance risks. Through green process innovation, costs can be reduced and the firm can differentiate itself by introducing innovative green products. These and other positive outcomes can be magnified in a highly competitive work environment. However, increased financial risks are possible unless a prudent approach is adopted to the utilization of slack resources.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2022), "Using green process innovation to reduce financial risk: Some other internal and external factors to consider", Strategic Direction, Vol. 38 No. 6, pp. 36-38. https://doi.org/10.1108/SD-05-2022-0038