Will Innovation management and re-engineering positively affect sustainability and performance? Research in energy companies

Abstract

Failure in reengineering or innovation management will not only decrease the performance of the organization but also endanger its sustainability. Objective. To carry out a study on energy companies to investigate the importance of the subject. Methodology. The reason energy companies are selected for the research is that innovation and change come to the fore with the need for new energy sources. LISREL, SPSS 25 and SPSS PROCESS V.3 were used in the analyses. Results. As a result of the research, it can be said that innovation management in energy companies has a positive impact on both sustainability and performance. At the same time, both the independent and the mediation variable effect of reengineering is positive. Conclusions. Innovation and change are inevitable and can be explained as a result of research where positive results can be achieved if properly managed.