The Role of Different Actors in Responsible Innovation

Bachelor Thesis from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, LMU Munich, language: English, abstract: This study synthesizes existing literature and provides a review concerning the role of different actors in responsible innovation. Additionally, their scope of action and possible ways of participating in responsible innovation are examined. Three groups of actors are analyzed, which are the business sector with Managers and Business Organizations, the research sector including Universities and Scientists and the public sector which comprises Individuals as Society, NGOs/Unions and Governments/Regulative Authorities. Finally, I will discuss the results on a practical and theoretical basis. Therefore, I will evaluate the power and influence of each actor, consider the possibilities of collaborations and provide a theoretical analysis of the literature used. Since society is faced with grand challenges that include societal and environmental issues, responsible innovation represents a helpful solution to address these problems. As innovations and their development increase uncertainty regarding their impacts and will be more important in the future, integrating sustainability and responsibility in those processes will gain in relevance as well.