Original title: Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models
A business model describes how an organization creates, delivers and captures value. The paper brings together research on business models, sustainability, networks, stakeholders and product–service systemsBusiness approaches that combine products and services.. From this, it proposes five ideas to help organizations explore and test business models that consider economic, environmental and social performance. It also identifies questions future research needs to address.
Imagine planning a shared meal with friends. It is hard to make a plan that is affordable, avoids waste and works for everyone when each person brings different needs and resources. In this paper, the meal plan stands for a business model, and the people sharing it stand for the network involved in creating, delivering and capturing value; the plan must account for economic, environmental and social needs.
Organizations changing how they do business need to consider more than financial results. This paper offers a framework for exploring business models that also account for environmental and social value, while pointing out that successful adoption remains poorly understood.
The paper develops a theoretical perspective and five propositions; the abstract does not report empirical tests or evidence that the proposed ideas lead to successful adoption. It explicitly says successful adoption of sustainable business models is still poorly understood and identifies gaps for future research.
Ask anything about this paper. Answers come from its abstract, and say so when the abstract doesn't cover your question.
Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models — Steve Evans, Doroteya Vladimirova, Maria Holgado et al. — Business Strategy and the Environment — doi:10.1002/bse.1939
Abstract licence: CC BY
Explanation generated by Synthesis from the abstract — it is not the original paper.