Responsible Innovation. Business Opportunities and Strategies for Implementation

One of the changes that the introduction of Responsible Innovation into EU funding practices has brought is the wider offering of open-access academic and project publication (free books). This is because under the RI approach, publications should be made available to anyone who wants to read them, and therefore costless.

A good example to get your teeth into is Responsible Innovation: Business Opportunities and Strategies for Implementation, a new offering in the SPRINGER BRIEFS IN RESEARCH AND INNOVATION GOVERNANCE series (not all of which is available on open access however).

Edited by Katharina Jarmai, it is available in paper version or as a free download and offers a lot of food for thought for anyone interested in responsible innovation approach and application within business.

The primary focus of this short book is on small and medium enterprises and how they have adopted responsible approaches to their businesses (and also the problems they face if they want to do so).

The main perspective taken is one of looking at the overall objectives of RI approaches in order to apply these approaches in real-life situations. The goal for RI is thus described as ‘to increase positive societal impact and minimize actual and potential negative impact to the highest degree possible’, moving away from the abstract academic definitions and into practice.

Sounds perfectly reasonable.

This move hopes to involve businesses and business people who want and need guidance or to demonstrate their various good practices.

The book contains several case studies and practice examples that show how RI can be implemented in companies. In many cases described the companies go beyond guidelines and expectations. This is down to the personal beliefs of their management teams or workers, and it has a positive effect on the workforce as a whole: People want to work for responsible organizations.

Sustainability-oriented innovation (a topic that is important for this website as a look back through the posts shows) is compared to RI, as is social innovation.  The particular problems that small businesses find themselves in in relation to RI and the investment required are also described and solutions offered.

Real life case studies provide examples of reduced costs, reputational gains, employee retention, faster market entry, access to previously unavailable stakeholders, higher acceptability of end products, and higher innovation potential through diverse employees.

The chapters are short, well written and easy to follow. The book is 100 pages and certainly worth a couple of hours in order to gain an overview of RI in action within business.

Get yourself a free copy!

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