Introduction: Business performance and innovation capability have become increasingly important research areas as organizations seek to achieve sustainable growth and competitive advantage. This study aims to identify and map global research trends in business performance and innovation capability. Method: This study employed a qualitative literature review approach using bibliometric analysis. A total of 65 Scopus-indexed documents published between 2014 and 2023 were analyzed using VOSviewer to visualize publication trends, countries, and keyword co-occurrence patterns. Results: The findings indicate a substantial increase in research publications during the study period, reflecting growing academic and practical interest in innovation as a means of improving business performance. Indonesia emerged as the most productive country, contributing 16 publications. Keyword analysis identified Social Capital, SMEs, Sustainability, Resource-Based View, Firm Performance, Financial Performance, Entrepreneurial Orientation, Leadership, Open Innovation, and Competitive Advantage as prominent research themes. These themes demonstrate the growing integration of innovation capability with strategic resources, organizational factors, and sustainable business development. Conclusion: Research on business performance and innovation capability has expanded significantly, with increasing emphasis on innovation as a strategic mechanism for achieving sustainable performance and competitive advantage. Suggestions: Future research should investigate the relationships between innovation capability and business performance more deeply, particularly across different industries, countries, and contextual conditions, to identify effective innovation strategies in dynamic market environments.