(Faculdade de Cincias Sociais e Humanas, Universidade da Beira Interior and. Excellence. 2010;43(2):172-94. The first author wrote all sections. Stl HI, Corvellec H. A decoupling perspective on circular business model implementation: Illustrations from Swedish apparel. Next, in this methods section first the relevant studies are selected based on a rigorous search process and inclusion and exclusion criteria, after which a description of the data analysis and qualitative content analysis is discussed. PubMed/NCBI View Article Central, here, is the creation of value through the integration of economic prosperity, environmental integrity and social equity among society at large, rather than prioritization of organizational profit [9,1315]. PubMed/NCBI Also, while the manufacturing sector is diverse, its relevance in the context of SBMs is clear. PubMed/NCBI Developing and implementing circular economy business models in service-oriented technology companies. To address the first research question regarding identification of dominant characteristics of SBM studies, a deductive form of content analysis was applied. PubMed/NCBI View Article 2018;178:76-88. View Article Bus Strat Environ. More work is needed also to identify the strategies, tactics and mechanisms related to changing towards and managing SBMs [18,22,23,34,52]. Finding 2: Dominant empirical focus on the energy, manufacturing and food sectors. J Clean Prod. J Clean Prod. No use, distribution or reproduction is permitted which does not comply with these terms. Roome N, Louche C. Journeying Toward Business Models for Sustainability A Conceptual Model Found Inside the Black Box of Organisational Transformation. Taken together, the SBM field is fertile ground for another ten years of interesting research to provide theoretically robust and practically relevant answers to societys pressing challenges. PubMed/NCBI For instance, Stubbs and Cocklin [15] examine Interface, a carpet manufacturer which is the subject also of the paper by Rajala et al. The study is underpinned by two broad initial research questions, made more specific by various sub-questions. 1. Business models, business strategy and innovation. Google Scholar, 24. Koberg E, Longoni A. Over the last few years, SBM research has proliferated and been published in a wide range of journals, including various special issues [5,9,16]. Ann Rev Psychol. Organiz Environ. Muoz-Torres MJ, Fernndez-Izquierdo MA, Rivera-Lirio JM, Escrig-Olmedo E. Can environmental, social, and governance rating agencies favor business models that promote a more sustainable development? Davies IA, Chambers L. Integrating hybridity and business model theory in sustainable entrepreneurship. Google Scholar, 2. View Article Google Scholar, 31. You may be able to access this content by logging in via your Emerald profile. Abdelkafi N, Tuscher K. Business Models for Sustainability From a System Dynamics Perspective. The Second, third and fourth author contributed primarily to the analysis of the data and writing the results section. PubMed/NCBI The book of Sanders and Wood is a step in the right direction. J Clean Prod. PubMed/NCBI Google Scholar, 8. Bidmon CM, Knab SF. 2018;170:216-26. View Article `Hnr9.V! Overall, the SBM literature is burgeoning and is showing the traits of an emerging field [24]. PubMed/NCBI Upward A, Jones P. An Ontology for Strongly Sustainable Business Models Defining an Enterprise Framework Compatible With Natural and Social Science. Corp Govern. The Sustainable MBA: A Business Guide to Sustainability, 2nd Edn. 2017;140:189-204. This requires the SBM to be considered as part of the ecosystem [79] or understood as belonging to an ecology of business models allowing business models to be understood in their wider context [71]. Organiz Environ. Wiek, A., Withycombe, L., and Redman, C. L. (2011). Bus. Rauter R, Jonker J, Baumgartner RJ. Organiz Environ. J Clean Prod. View Article Manage. The steps followed are depicted in Figure 1. Google Scholar, 27. 2018;174:905-16. The capability to rapidly and successfully move into new business models is an important source of sustainable competitive advantage and a key leverage to improve the sustainability performance of organisations. Opportunities for a stronger theoretical grounding of SBM research do exist though, as it is possible to borrow from a broad array of existing theories and research fields. Google Scholar, 35. A fast growing stream of literature within the broad realm of corporate sustainability that has emerged as a result of this recognition involves work on sustainable business models (SBMs) [59] (In addition to SBM, authors use sustainability business model, business model for sustainability, sustainable business model innovation and business model innovation for sustainability. In addition to creating shareholder value, fundamental to the SBM is that it also considers employees, local communities, suppliers and the impact of the firm on society and the environment, or on nature more generally [4,15,37]. 2020;2(3):e200022. SBMs see firms as actors that are connected to and interrelated with other actors in the socio-economic system [13]. Google Scholar, 44. PubMed/NCBI View Article 3 0 obj [85] and Van Bommel [22] suggest the utility of a longitudinal approach or an action research methodology. A systematic analysis of the future research suggestions proposed in extant work points to three main dimensions of a research agenda: (1) broadening the scope and methods of studies, (2) gaining further insights into developing and managing SBMs, and (3) better understanding the outcomes of SBMs. 2017;144:299-312. Finally, emphasis is put on the wider system in which a SBM is embedded. Stubbs and Cocklin [15] highlight that while SBMs need to continue to deliver value to shareholders and clients, they must not ignore a broader stakeholder approach. PubMed/NCBI The start year was chosen based on the motivation provided by Stubbs and Cocklins [15] Conceptualizing a Sustainability Business Model. The final selection included 104 articles to be sampled for this review (see Supplementary Material). Offering a sense of order in the relatively nascent and fragmented SBM field is an important contribution of this study. 48, 39. Sustainable business model adoption among S&P 500 firms: A longitudinal content analysis study. First, a broadening of scope and methods would be useful. Drawing on institutional theory, Laasch and Pinkse [78] discuss the enabling and constraining effects of institutional spaces and explain why particular models emerge in specific institutional spaces. Harnessing Innovation for Change: Sustainability and Poverty in Developing Countries. Pieroni MPP, McAloone TC, Pigosso DCA. Several of the sample studies highlight the need for research to cover more countries and industries in order to get a better understanding of how SBM transformation and operationalization takes place [47]. This has resulted in a variety of insights into SBM antecedents [17,18], definitions and building blocks [8,15], outcomes [19,20], and recommendations about the development, implementation and management of these business models [2123]. doi: 10.1080/14783363.2019.1588724. This work is financed by national funds through FCT - Fundao para a Cincia e a Tecnologia, I. P., under the project UIDB/04630/2020. View Article This needs a focus on one of the definitional pillars of a SBM, namely the wider system in which the model is embedded (see Section Defining a Sustainable Business Model). Google Scholar, 72. Systematically analyzing the future research suggestions contained in the existing literature points to three main dimensions which require more investigation: (1) the scope and methods of studies, (2) developing and managing SBMs, and (3) understanding the outcomes of SBMs. The geographic concentration of this research on a very specific, and relatively small part of Europe is noteworthy. [5] refer to the potential of quantitative techniques in the context of experiments and simulations which so far are scarce in this literature (but see [75]). University students are the common factor in the equation balancing the objectives of academic institutions and companies. How to talk to your CFO about sustainability. Long Range Plan. Maxwell SE, Lau MY, Howard GS. Therefore, rather than employing an organization-centric view, they promote a systems-based view which includes a more long-term perspective [8]. Randles S, Laasch O. Theorising the Normative Business Model. PubMed/NCBI Business model innovation for circular economy and sustainability: A review of approaches. Springer. 2 0 obj Respons. Google Scholar, 26. Building a business case for implementation of a circular economy in higher education institutions. Key strategies, resources, and capabilities for implementing circular economy in industrial small and medium enterprises. Joyce A, Paquin RL. PubMed/NCBI First, the research questions are formulated (see previous sections). J Manag. Bocken NMP, Short S, Rana P, Evans S. A value mapping tool for sustainable business modelling. 2018;149(2):267-84. 4 0 obj Boons F, Ldeke-Freund F. Business models for sustainable innovation: state-of-the-art and steps towards a research agenda. J Adv Nurs. However, Gauthier and Gilmon [44] claim that a better understanding is needed about the extent to which BM transformations can be integrated into, and become dominant within, actors organizations, displacing established BM and modifying decision-making processes and management behaviors. PubMed/NCBI J Clean Prod. They include energy, manufacturing and the food and beverage sectors. Business model research has proliferated over recent decades [11,12]. Long et al. Google Scholar, 52. PubMed/NCBI Energy Policy. Neumeyer X, Santos SC. 2018;196:1600-12. 99, 8693. Google Scholar, 22. PubMed/NCBI View Article To address the second research question on promising directions for further SBM research, an innovative method was used that drew on an inductive form of qualitative content analysis. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The titles, keywords and abstracts of all 195 articles were read to ensure compliance with all of these criteria. 2015;102:226-36. John Wiley and Sons Ltd. Whelan, T., and Douglas, E. (2021). PubMed/NCBI Following this, there was discussion about the selection, especially in cases where there were some doubts or where opinions differed about inclusion or exclusion in the research. Sustainable business models have become a prominent feature of organizations in their quest towards sustainability. Google Scholar, 59. View Article Google Scholar, 43. Zollo M, Cennamo C, Neumann K. Beyond what and why: Understanding organizational evolution towards sustainable enterprise models. J Clean Prod. 3, pp. PubMed/NCBI J Clean Prod. Network impact on business models for sustainability: Case study in the energy sector. 2016;29(3):264-89. Merli R, Preziosi M. The EMAS impasse: Factors influencing Italian organizations to withdraw or renew the registration. To serve societal needs, higher education needs to adapt to the new orientation understanding sustainable development as the golden thread intertwining university systems (Lozano et al., 2013). This approach is frequent in literature reviews since a focus on primary outlets offers some guarantee of robust and rigorous work. Ritala P, Huotari P, Albareda L, Puumalainen K, Bocken NMP. Google Scholar, 79. [18] argue for the importance of deeper knowledge about the development of business models to allow firms to develop their business models into models that support sustainable value creation. Clean. View Article 2018;172:2759-72. View Article Overall, the textbook suits well within a modern business curriculum. Rossignoli F, Lionzo A. Articles with more general references to sustainability were excluded. Another challenge in the book is the legal particularities of the sustainable business case. PubMed/NCBI View Article The definitions proposed by Geissdorfer et al. The journal quality was assessed (judged on the 5-year impact factor, Google Scholar H5-index; SCImago Journal Rank/SJR indicator and position in SJR quartiles) and consistently high quality journals selected, resulting in a sample of 195 articles. Birkin F, Cashman A, Koh SCL, Liu Z. doi: 10.1080/14783363.2019.1593044. 2016;29(1):11-35. View Article Schaltegger S, Ldeke-Freund F, Hansen EG. The complexity of the sustainability topic is tackled with the aid of examples, case studies, definitions, call-out boxes, figures, tables, links to websites, and other digital media resources. Google Scholar, 45. What has been the sectoral focus of SBM studies? However, future research could still use larger samples of articles. This study has some limitations which future reviews can address. View Article Advancing Higher Education for Sustainable Development: international insights and critical reflections. In this paper the term sustainable business model (SBM) is used). 2019;26(2):439-52. 2013;26(3):241-59. Google Scholar, 53. PubMed/NCBI PubMed/NCBI There are a number of theoretical lenses that could be drawn upon to guide these analyses, including paradox theory [22], institutional logics [82], transition theory [83], and resource dependence theory [84]. The author declares that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest. SBMs are aimed at providing a sustainable value proposition for stakeholders through the integration of economic prosperity, environmental integrity and social equity [9,1315]. Long et al. View Article Creating value for multiple stakeholders: Sustainable business models at the Base of the Pyramid. Therefore, more quantitative research is needed to shed a better light on causalities, correlations and generalizations and bring SBM research to a greater stage of maturity [5]. 2013;45:1-8. Organiz Environ. The managerial and the global insights, the short stories on leadership and ethical decisions accompanied by recalls of movies, like Erin Brockovich, and real-life cases, such as the Deepwater Horizon oil spill and the Fukushima nuclear power plant accident, attract the interest of the students and emphasize critical meanings. 2016;112:2833-50. 2018;27(5):631-42. Moreover, which measurement- and control systems need to be in place to support a successful SBM? Roorda, N. (2020). View Article 2018;170:654-64. Rev. Geissdoerfer M, Morioka SN, de Carvalho MM, Evans S. Business models and supply chains for the circular economy. Exploring the prerequisites, contextual factors and ecologies of the transition from a traditional business model to a SBM also deepens the understanding of these models. Many business model innovation attempts fail, this remains relatively unexplored. Others focus on the development of theoretical and conceptual frameworks for SBMs, i.e., the anatomy of the SBM [15,34]. Eval. In the sample of empirical papers, 79 specify the sector on which the research focused, with most studied sectors being energy, manufacturing and food (Figure 4). View Article First, at its most general level, this study follows the words of former US president Harry S. Truman: There is nothing new in the world except the history you do not know. PubMed/NCBI van Bommel K. Managing tensions in sustainable business models: Exploring instrumental and integrative strategies. Pay-per-use business models as a driver for sustainable consumption: Evidence from the case of HOMIE. 2017;11(1):73-104. View Article A systematic review of sustainable supply chain management in global supply chains. At the same time, the theoretical grounding of the SBM research program remains a concern. [32] argue, a singular focus on the financial aspects of the value proposition, and value creation, capture and delivery can lead to the social and environmental harm inflicted being overlooked.

Sitemap 24