scholarly journals Sustainability-Oriented Business Model Evaluation—A Literature Review

2021 ◽  
Vol 13 (19) ◽  
pp. 10908
Author(s):  
Anika Süß ◽  
Kristina Höse ◽  
Uwe Götze
Keyword(s):  
Literature Review ◽  
Business Model ◽  
Model Evaluation ◽  
Business Models ◽  
Model Development ◽  
Indicator System ◽  
Future Research ◽  
Sustainable Business ◽  
Simulation Based ◽  
Sustainable Business Models

Since the need of sustainable development is indisputable, companies are forced to strive for resources, processes, and products that are sustainable. Thus, their business models as the main representation of their activities should be designed in an ecologically, economically, and socially beneficial way. However, designing and developing sustainable business models is closely linked to their evaluation. Sustainable business model evaluation as a vital part of business model development has been addressed in literature in the past with increasing frequency. As a consequence, the plethora of different approaches of sustainability-oriented business model evaluation calls for a systematic literature review. Thus, in this study, we reviewed existing articles on sustainability-oriented business model evaluation and identified four main categories of evaluation methods: single indicators (I), indicator system/framework (II), simulation-based evaluation (III), and multi criteria decision-making (IV). By analyzing and structuring the proposed approaches, their benefits and limitations are revealed, pointing out gaps and future research needs for successfully designing and evaluating business models today and in the future.

Sustainable Business Models of Companies

2021 ◽  
pp. 44-60
Author(s):  
Anna Spoz
Keyword(s):  
Literature Review ◽  
Business Model ◽  
Business Models ◽  
Synthetic Methods ◽  
Limiting Factors ◽  
Sustainable Business ◽  
Economic Changes ◽  
Sustainable Business Models ◽  
Social Environmental ◽  
Depth Interviews

In a quest for sources of competitive advantage, an insightful tracking and tracing of the changes that take place in their micro and macro environment is a core competence for enterprises to catch up with market trends. Social and economic changes as well as the growing awareness of the negative anthropogenic impact on the climate and the environment increasingly make today's business models evolve towards sustainability. The aim of this chapter is to analyze the concept of a sustainable business model based on the literature review and then to distinguish the driving and limiting factors behind its implementation in enterprises. Based on an empirical study carried out, a diagnosis will be put forward for the awareness of enterprises as regards the business model pursued and the willingness to integrate social, environmental, and governance aspects. The research methods used in this study relied on critical literature review; descriptive, analytic, and synthetic methods; along with in-depth interviews.

scholarly journals Sustainable Business Models: A Review

2019 ◽  
Vol 11 (6) ◽  
pp. 1663 ◽  
Author(s):  
Saeed Nosratabadi ◽  
Amir Mosavi ◽  
Shahaboddin Shamshirband ◽  
Edmundas Kazimieras Zavadskas ◽  
Andry Rakotonirainy ◽  
...  
Keyword(s):  
Business Model ◽  
Business Strategy ◽  
Business Models ◽  
Innovation Management ◽  
Future Research ◽  
Research Activity ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Wide Range ◽  
Sustainable Business Models

During the past two decades of e-commerce growth, the concept of a business model has become increasingly popular. More recently, the research on this realm has grown rapidly, with diverse research activity covering a wide range of application areas. Considering the sustainable development goals, the innovative business models have brought a competitive advantage to improve the sustainability performance of organizations. The concept of the sustainable business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural, or other contexts, in a sustainable way. The process of sustainable business model construction forms an innovative part of a business strategy. Different industries and businesses have utilized sustainable business models’ concept to satisfy their economic, environmental, and social goals simultaneously. However, the success, popularity, and progress of sustainable business models in different application domains are not clear. To explore this issue, this research provides a comprehensive review of sustainable business models literature in various application areas. Notable sustainable business models are identified and further classified in fourteen unique categories, and in every category, the progress -either failure or success- has been reviewed, and the research gaps are discussed. Taxonomy of the applications includes innovation, management and marketing, entrepreneurship, energy, fashion, healthcare, agri-food, supply chain management, circular economy, developing countries, engineering, construction and real estate, mobility and transportation, and hospitality. The key contribution of this study is that it provides an insight into the state of the art of sustainable business models in various application areas and future research directions. This paper concludes that popularity and the success rate of sustainable business models in all application domains have been increased along with the increasing use of advanced technologies.

scholarly journals Valuing Value in Innovation Ecosystems: How Cross-Sector Actors Overcome Tensions in Collaborative Sustainable Business Model Development

2020 ◽  
pp. 000765032090714 ◽  
Author(s):  
Inge Oskam ◽  
Bart Bossink ◽  
Ard-Pieter de Man
Keyword(s):  
Business Model ◽  
Business Models ◽  
Model Development ◽  
Innovation Ecosystem ◽  
Sustainable Business ◽  
Value Capture ◽  
Innovation Ecosystems ◽  
Sustainable Business Models ◽  
Individual Value ◽  
Business Model Development

This article aims to uncover the processes of developing sustainable business models in innovation ecosystems. Innovation ecosystems with sustainability goals often consist of cross-sector partners and need to manage three tensions: the tension of value creation versus value capture, the tension of mutual value versus individual value, and the tension of gaining value versus losing value. The fact that these tensions affect all actors differently makes the process of developing a sustainable business model challenging. Based on a study of four sustainably innovative cross-sector collaborations, we propose that innovation ecosystems that develop a sustainable business model engage in a process of valuing value in which they search for a result that satisfies all actors. We find two different patterns of valuing value: collective orchestration and continuous search. We describe these patterns and the conditions that give rise to them. The identification of the two patterns opens up a research agenda that can shed further light on the conditions that need to be in place in order for an innovation ecosystem to develop effective sustainable business models. For practice, our findings show how cross-sector actors in innovation ecosystems may collaborate when developing a business model around emerging sustainability-oriented innovations.

scholarly journals A Study of the Business Model Development of Human Centric Lighting: Based on Eco-Science Methodology

Energies ◽  
2021 ◽  
Vol 14 (16) ◽  
pp. 4868
Author(s):  
Hyeog-In Kwon ◽  
Bo-Hyun Baek ◽  
Yong-Su Jeon
Keyword(s):  
Business Model ◽  
Business Models ◽  
Model Development ◽  
Smart Space ◽  
Sustainable Business ◽  
Ripple Effects ◽  
Research Results ◽  
Sustainable Business Models ◽  
Service Ecosystem ◽  
Science Methodology

Human centric lighting (HLC) is a promising market for innovations in the lighting market, but there is a lack of research on sustainable business models. Therefore, this study proposes a service, ecosystem, business model, and platform to innovate the HLC industry using eco-science methodologies suitable for manufacturing servitization. The study’s findings show that the introduction of a platform-based B2B smart space service can have an impact on the spread of HCL. Accordingly, this study derives a business model and billing strategy that industry stakeholders involved in the smart space can cooperate with. Further, the study proposes a platform design to realize the proposed business model and verifies a service prototype to analyze the completeness of the research results and their economic ripple effects. As for the implications, this study presents an integrated perspective business model to revitalize the HCL market based on a systematic methodology from the convergence studies perspective. Additionally, there are academic implications that, instead of just proposing the research results, objectively evaluate and verify the completeness of the results. The results of this study suggest a future-oriented direction for the field of HCL.

scholarly journals Sustainable Business Models: A Review

2019 ◽  
Author(s):  
Saeed Nosratabadi ◽  
Amir Mosavi ◽  
Shahab Shamshirband ◽  
Edmundas Kazimieras Zavadskas ◽  
Andry Rakotonirainy ◽  
...  
Keyword(s):  
Business Model ◽  
Business Strategy ◽  
Business Models ◽  
Innovation Management ◽  
Future Research ◽  
Research Activity ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Wide Range ◽  
Sustainable Business Models

During the past two decades of the e-commerce growth the concept of business model has become increasingly popular. More recently, the research on this realm has grown rapidly with a diverse research activity covering a wide range of application areas. Considering the sustainable development goals the innovative business models have brought competitive advantage to improve the sustainability performance of organizations. The concept of sustainable business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts in a sustainable way. The process of sustainable business model construction forms an innovative part of business strategy. Different industries and businesses have utilized sustainable business models concept to satisfy their economic, environmental and social goals simultaneously. However, the success, popularity, and the progress of sustainable business models in different application domains are not clear. To explore this issue, this research provides a comprehensive review on sustainable business models literature in various application areas. Notable sustainable business models are identified and further classified in fifteen unique categories, and in every category the progress (either failure or success) has been reviewed and the research gaps are discussed. Taxonomy of the applications includes, innovation, management and marketing, entrepreneurship, energy, fashion, healthcare, agri-food, supply chain management, circular economy, developing countries, engineering, construction and real estate, mobility and transportation, and hospitality. The key contribution of this study is to provide an insight about the state of the art of sustainable business models in various application areas and the future research directions. This paper concludes that popularity and the success rate of sustainable business models in all application domains have been increased along with increasing use of advanced ICT technologies.

scholarly journals Sustainable Business Models: A Review

2020 ◽  
Author(s):  
Saeed Nosratabadi ◽  
Amir Mosavi ◽  
Shahaboddin Shamshirband ◽  
Edmundas Kazimieras Zavadskas ◽  
Andry Rakotonirainy ◽  
...  
Keyword(s):  
Business Model ◽  
Business Strategy ◽  
Business Models ◽  
Innovation Management ◽  
Future Research ◽  
Research Activity ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Wide Range ◽  
Sustainable Business Models

During the past two decades of e-commerce growth, the concept of a business model has become increasingly popular. More recently, the research on this realm has grown rapidly, with diverse research activity covering a wide range of application areas. Considering the sustainable development goals, the innovative business models have brought a competitive advantage to improve the sustainability performance of organizations. The concept of the sustainable business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural, or other contexts, in a sustainable way. The process of sustainable business model construction forms an innovative part of a business strategy. Different industries and businesses have utilized sustainable business models’ concept to satisfy their economic, environmental, and social goals simultaneously. However, the success, popularity, and progress of sustainable business models in different application domains are not clear. To explore this issue, this research provides a comprehensive review of sustainable business models literature in various application areas. Notable sustainable business models are identified and further classified in fourteen unique categories, and in every category, the progress -either failure or success- has been reviewed, and the research gaps are discussed. Taxonomy of the applications includes innovation, management and marketing, entrepreneurship, energy, fashion, healthcare, agri-food, supply chain management, circular economy, developing countries, engineering, construction and real estate, mobility and transportation, and hospitality. The key contribution of this study is that it provides an insight into the state of the art of sustainable business models in various application areas and future research directions. This paper concludes that popularity and the success rate of sustainable business models in all application domains have been increased along with the increasing use of advanced technologies.

scholarly journals Sustainable Business Models: A Review

2020 ◽  
Author(s):  
Saeed Nosratabadi ◽  
Amir Mosavi ◽  
Shahaboddin Shamshirband ◽  
Edmundas Kazimieras Zavadskas ◽  
Andry Rakotonirainy ◽  
...  
Keyword(s):  
Business Model ◽  
Business Strategy ◽  
Business Models ◽  
Innovation Management ◽  
Future Research ◽  
Research Activity ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Wide Range ◽  
Sustainable Business Models

During the past two decades of e-commerce growth, the concept of a business model has become increasingly popular. More recently, the research on this realm has grown rapidly, with diverse research activity covering a wide range of application areas. Considering the sustainable development goals, the innovative business models have brought a competitive advantage to improve the sustainability performance of organizations. The concept of the sustainable business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural, or other contexts, in a sustainable way. The process of sustainable business model construction forms an innovative part of a business strategy. Different industries and businesses have utilized sustainable business models’ concept to satisfy their economic, environmental, and social goals simultaneously. However, the success, popularity, and progress of sustainable business models in different application domains are not clear. To explore this issue, this research provides a comprehensive review of sustainable business models literature in various application areas. Notable sustainable business models are identified and further classified in fourteen unique categories, and in every category, the progress -either failure or success- has been reviewed, and the research gaps are discussed. Taxonomy of the applications includes innovation, management and marketing, entrepreneurship, energy, fashion, healthcare, agri-food, supply chain management, circular economy, developing countries, engineering, construction and real estate, mobility and transportation, and hospitality. The key contribution of this study is that it provides an insight into the state of the art of sustainable business models in various application areas and future research directions. This paper concludes that popularity and the success rate of sustainable business models in all application domains have been increased along with the increasing use of advanced technologies.

scholarly journals Sustainable Business Models: A Review

2019 ◽  
Author(s):  
Saeed Nosratabadi ◽  
Amir Mosavi ◽  
Shahaboddin Shamshirband ◽  
Ramin Keivani ◽  
Edmundas Kazimieras Zavadskas ◽  
...  
Keyword(s):  
Business Model ◽  
Business Strategy ◽  
Business Models ◽  
Innovation Management ◽  
Future Research ◽  
Research Activity ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Wide Range ◽  
Sustainable Business Models

During the past two decades of the e-commerce growth the concept of business model has become increasingly popular. More recently, the research on this realm has grown rapidly with a diverse research activity covering a wide range of application areas. Considering the sustainable development goals the innovative business models have brought competitive advantage to improve the sustainability performance of organizations. The concept of sustainable business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts in a sustainable way. The process of sustainable business model construction forms an innovative part of business strategy. Different industries and businesses have utilized sustainable business models concept to satisfy their economic, environmental and social goals simultaneously. However, the success, popularity, and the progress of sustainable business models in different application domains are not clear. To explore this issue, this research provides a comprehensive review on sustainable business models literature in various application areas. Notable sustainable business models are identified and further classified in fifteen unique categories, and in every category the progress (either failure or success) has been reviewed and the research gaps are discussed. Taxonomy of the applications includes, innovation, management and marketing, entrepreneurship, energy, fashion, healthcare, agri-food, supply chain management, circular economy, developing countries, engineering, construction and real estate, mobility and transportation, and hospitality. The key contribution of this study is to provide an insight about the state of the art of sustainable business models in various application areas and the future research directions. This paper concludes that popularity and the success rate of sustainable business models in all application domains have been increased along with increasing use of advanced ICT technologies.

scholarly journals Sustainable Business Models of SMEs: Challenges in Yacht Tourism Sector

2018 ◽  
Vol 10 (10) ◽  
pp. 3437 ◽  
Author(s):  
Cinzia Battistella ◽  
Maria Cagnina ◽  
Lucia Cicero ◽  
Nadia Preghenella
Keyword(s):  
Business Model ◽  
Business Models ◽  
Service Industry ◽  
Small And Medium Enterprises ◽  
Case Study Research ◽  
Tourism Industry ◽  
Sustainable Business ◽  
Bottom Line ◽  
Sustainable Business Models ◽  
Sustainability Challenges

Despite the high number of active small and medium enterprises (SMEs) in all sectors, current studies have barely developed investigations on the sustainability of their business models so far. The aim of this study was thus to bridge the gap between sustainable business models of SMEs in the service industry, to uncover the challenges that SMEs face when seeking business model reconfiguration toward sustainability. More specifically, the empirical investigation adopted a case study research design in the context of yacht tourism, as one business form among many within the tourism industry and thus within the broader category of the service industry. Interviews were conducted with seven European SMEs, whose business models were analyzed through the lens of the triple bottom line and sustainability challenges in their business models. The results display a varied typology of case studies, where business model components reveal diverse expressions of facing sustainability challenges. The work discusses reported findings with a cross-case comparison among detected business models and outlines a list of propositions for sustainable business models of SMEs. The paper contributes in continuing the discourse on sustainable business models, adopting the perspective of the challenges for SMEs and offers food for thought for managers of SMEs in comparing their own business with the identified business model types.

Responsible entrepreneurship: outlining the contingencies

2019 ◽  
Vol 25 (3) ◽  
pp. 538-553 ◽  
Author(s):  
Christine Vallaster ◽  
Sascha Kraus ◽  
Norbert Kailer ◽  
Brooke Baldwin
Keyword(s):  
Sustainable Development ◽  
Literature Review ◽  
Value Creation ◽  
Business Models ◽  
Responsible Innovation ◽  
Future Research ◽  
Business Practices ◽  
Sustainable Business ◽  
Society Business ◽  
Content Type

PurposeThe purpose of this paper is to give an up-to-date assessment of key topics and methods discussed in the current literature on responsible entrepreneurship. In the past years, sustainable development itself has become a more popular and important topic in the academic literature and hence the field of sustainable entrepreneurship has become a greater topic of interest and opportunity for solution. Therefore, a systematic literature review is conducted to assess new contributions to the field and its potential for the future of sustainable development, with a focus on responsible innovation.Design/methodology/approachSystematic, evidence-informed literature review following Tranfieldet al.(2003).FindingsBased on a conceptual literature review, five streams of research that responsible entrepreneurs distinguish from purely for-profit entrepreneurs are identified and discussed: walking the line between profit creation and value creation for society; business models of responsible entrepreneurs; their role in transforming society; getting ready to innovate responsibly; and the role of market incentives to foster sustainable business practices.Originality/valueThe structured literature review allows to identify future research paths. In detail, ideas as regards the management of upcoming tensions when trying to combine profit creation and value creation for society, and finally, the way innovation processes need to be rethought when innovating responsibly are discussed and outlined.

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