The Dual Role of Innovation in Manufacturing: Enhancing Sustainability and Employment Opportunities

Abstract

Background and Purpose: The purpose of this study is to investigate how various types of innovation impact sustainability measures within manufacturing companies; these sustainability measures include minimizing raw material usage, reducing energy consumption, and optimizing waste management. The research further evaluates the linkage between innovation types and job creation, focusing on how innovation fosters new employment opportunities and enhances sustainability in the manufacturing sector. Methodology: The methodology involves a hierarchical regression analysis conducted on a sample of 1,570 manufacturing companies in Colombia using SPSS software. This approach aims to quantitatively assess the effectiveness of innovation, sustainability, and employment policies in these industrial organizations. Results: The findings of the study reveal significant insights into the innovation policies of industrial companies and their management of environmental sustainability. These results underscore the practical implications of embracing innovation and sustainability for long-term benefits, despite the immediate costs. Conclusion: This research provides a comprehensive examination of the diverse types of innovation and their consequential impacts on sustainability and employment in the manufacturing sector. Additionally, it suggests directions for future research that could further refine and enhance innovation and sustainability practices within this industry.