Innovative entrepreneurship as a key factor in creating a sustainable textile and fashion industry-Reference-Cited by-同舟云学术

Innovative entrepreneurship as a key factor in creating a sustainable textile and fashion industry

Published:2024 Issue: Volume: Page:425-437
ISSN:
Container-title:7th International Scientific Conference Contemporary Trends and Innovations in Textile Industry – CT&ITI 2024 - zbornik radova
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Author:

Kokeza Gordana^ORCID,Josipović Sonja^ORCID,Urošević Snežana^ORCID

Abstract

This paper studies the impact of applying innovative entrepreneurship in the process of realizing sustainable business practices in the textile and fashion industry. The paper begins with the main characteristics of sustainable development which tries to reconcile economic, ecological and social aims, and which is realized through a large number of activities manifested in the principles of green and circular economy, bioeconomy, waste management, clean technologies etc. Firstly, the necessity of applying new business models based on innovation and sustainability is studied closely, then the attention is directed to the possibility of their application in the textile and fashion industry. Special attention in this paper is devoted to the role of innovative entrepreneurship in sustainable business practices in this sector. The conclusion is that the textile and fashion industry have considerable opportunities for the application of innovative entrepreneurship and the realization of the sustainable development principles, as well as that innovative entrepreneurship today represents one of the main driving forces of its innovative sustainable business models.

Publisher

Union of Engineers and Technicians of Serbia, Belgrade

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