Sustainable Innovation in a multinational firm:A case study of Sandvik

Abstract: Topic: Sustainable innovation in a multinational firm: A Case study of Sandvik. Purpose:  The purpose of the research is to provide an overview and empirically explore the opportunities present in the external environment and challenges encountered by MNC while pursuing their sustainable innovation goals through the lens of triple bottom line i.e., environmental, social, and economic.  Research questions: 1.     RQ.1. What are the challenges for MNCs in their external environment while achieving their sustainable innovation goals? 2.     RQ.2. What are the opportunities for MNCs by following the triple bottom line to attain their sustainable innovation goals?   Methodology: A qualitative method for data collection has been adopted in this research. Primary data was collected through semi-structured interviews whereas the secondary data was collected from past academic literature, Sandvik database available online, websites, and books. In this paper, we have adopted a case study approach for analyzing our subject of search from Sandvik’s perspective. Contribution: This research has contributed to the field of sustainable innovation through a triple bottom line approach. The frequent challenges and opportunities were identified which are present in MNC’s external environment. The single challenge and opportunity significantly impacting Sandvik’s sustainable innovation goals are discussed.  Conclusion: The implementations for sustainable innovation taken by Sandvik are identified through exploring challenges and opportunities in the external environment with theoretical reference. Time management is recognized as an emerging challenge for sustainable innovation which created the path for future research.