Industry and Innovation: Textile Industry (2024) (SDGs and Textiles)

Synopsis

The primary objective of this book is to offer readers an insightful exploration into the realms of innovation and sustainability within the textile industry. As global competition intensifies, organizations are increasingly compelled to revisit and refine their business strategies, emphasizing the imperative for continuous innovation and adaptability. This shift towards innovation-centric strategies is driven by the pursuit of sustainability and a competitive advantage, underscoring innovation as the cornerstone for business growth and market expansion. Innovation not only opens avenues for companies to overhaul their business models and enhance process technologies but also enables them to achieve optimal productivity and minimize waste. In an era characterized by swift technological advancements, the demand for rapid information flow, and evolving consumer preferences, a firm’s capability to innovate emerges as a critical determinant of its growth, sustainability, and competitive positioning in the textile sector. Process innovation, which entails the adoption of novel or significantly improved manufacturing or delivery methodologies, plays a pivotal role. This could involve substantial modifications in techniques, equipment, and/or software, aimed at bolstering production efficiency, augmenting quality, or facilitating the creation and delivery of significantly improved or new products. Manufacturing firms, through their marketing departments, are in a constant quest for opportunities to develop new products to maintain their competitive edge. Organizations that lag in embracing innovation risk losing their market share and profitability as competitors seize the opportunity to outperform them. A firm’s innovative capabilities are instrumental in fostering long-term market sustainability and business growth by delivering unparalleled value to customers. Consequently, innovation is integral to corporate strategies for a myriad of reasons – from achieving more efficient production processes and enhancing market performance to cultivating a forward-thinking brand image and securing a sustainable competitive advantage.

Copyright:

2024

Book Details

Book Quality:

Publisher Quality

ISBN-13:

9783031578045

Related ISBNs:

9783031578038

Publisher:

Springer Nature Switzerland

Date of Addition:

06/27/24

Copyrighted By:

The Editor

Adult content:

No

Language:

English

Has Image Descriptions:

No

Categories:

Nonfiction, Business and Finance, Technology, Mathematics and Statistics

Submitted By:

Bookshare Staff

Usage Restrictions:

This is a copyrighted book.

Edited by:

José Moleiro Martins