Developing a Sustainability Measurement for Innovation Performance for the Food Industry

Abstract

While the significance of innovation management in sustaining competitiveness for businesses is widely recognized, there is an absence of research in the food industry regarding the measurement of sustainability outcomes resulting from innovation efforts. This research endeavors to construct a comprehensive measurement framework for assessing innovation performance. The primary objective is to examine the measures to evaluate the success the success of product innovation management concerning the sustainability objectives of organizations This study employs Confirmatory Factor Analysis (CFA) on an online survey of 354 Thai food manufacturers to investigate the robust evaluation of innovation performance in the food sector. The key findings reveal that the proposed measurement instrument for innovation management performance has been validated. All sustainability dimensions, including social, economic, and environmental sustainability, have been validated as the appropriate measurement for sustainability as a result of innovation management. The social aspect has the most influence, followed by the economic and environmental aspects. In conclusion, this study offers valuable insights for practitioners aiming to evaluate their innovation management practices by employing the developed measurement scale. By assessing and enhancing their innovation management approaches, organizations can strive for sustainability during dynamic environmental challenges and uncertainties.