The impact of Environmental Innovation on Financial and Non-Financial Performance

Abstract

This study aims to test and examine the importance of innovation and performance for private and public organizations. Many organizations were benefiting from innovation in order to develop and improve their performance, while many studies have found empirical evidence of the importance of innovation in achieving higher performance in both the public and private sectors. At the same time, many argue Scientists say that this field still lacks scientific research, which creates a clear gap between theoretical and practical knowledge in the field of innovation and the performance of its importance as a result. Therefore, economic growth has been linked to the level of technology, as research has found at the same time a clear relationship between innovation and performance, the direct motivation for institutions to use and implement innovation strategies. Whether simple or complex strategies have proven their effects in increasing the performance of enterprise products, productivity and competitive advantage in the new market while at the same time reducing the cost of production. This study comes to investigate the impact of innovation on financial and non-financial performance in Egyptian organizations, as this area of research has not been explored in the literature. Therefore, this study comes in the hope of providing and adding guidance and a preliminary framework for future research on innovation and its impact on performance in Palestine. To achieve this, the study used types Innovation as the independent variable and organizational performance (financial and non-financial performance) as the dependent factor, and the variables were activated in line with the objectives of the study.