This study aimed to identify the internal and external environments of a company that affect sustainable innovation in such small enterprises by examining the circumstances under which small enterprises are likely to engage in sustainable innovation. The results of this study demonstrate that companies with high levels of digital orientation in their operations contributed more to sustainable innovation than those without such high levels. In addition, in the external environment, factors that include market and technological turbulence have a negative effect on sustainable innovation. However, the adoption of sustainable innovation was not significantly impacted by market turbulence. Furthermore, certain company characteristics, such as size and maturity, do not determine the contribution of a company's internal and external environments to sustainable innovation.

The aim of this research is to investigate the mediating effect of performance measurement systems (PMS) in the connection between digital-related capabilities and financial performance. Moreover, this research examines how different types of digital-related capabilities can fuel PMS, leading to improved financial performance. The findings show that PMS significantly mediate the relationship between digital-related human and collaboration capabilities and financial performance. However, a significant mediating effect of PMS was not found between digital-related technical and innovation capabilities and financial performance. Using a structured survey questionnaire, the data was collected from Finnish SMEs, which operate in both the service and manufacturing industries.

Digital transformation and emerging technologies create new business opportunities that differ from traditional requirements. Digital twins, referring to digital replicas of a physical entity, are rapidly developing and creating novel innovation opportunities. This study focuses on increasing the understanding of the implications of the use of digital twins for innovation, and case studies were used to gather evidence. The study offers an interesting contribution to the literature on digital twins, presenting a framework that demonstrates how digital twins are characterised, and how they contribute (impact) and are used (scope) in innovation processes in the context of innovation and technology management. In addition, the findings provide interesting implications for different practitioners interested in the utilisation of digital twins. Using the results of this study, managers can enhance their companies’ digital transformation by acknowledging the multiple uses of digital twins.