Business model innovation for sustainability: towards a unified perspective for creation of sustainable business models

Evans, Steve, Vladimirova, Doroteya, Holgado, Maria, Van Fossen, Kirsten, Yang, Miying, Silva, Elisabete A and Barlow, Claire Y (2017) Business model innovation for sustainability: towards a unified perspective for creation of sustainable business models. Business Strategy and the Environment, 26 (5). pp. 597-608. ISSN 09644733

[img] PDF - Published Version
Available under License Creative Commons Attribution.

Download (185kB)
[img] PDF - Accepted Version
Download (971kB)

Abstract

Business model innovation has seen a recent surge in academic research and business practice. Changes to business models are recognised as a fundamental approach to realise innovations for sustainability. However little is known about the successful adoption of sustainable business models (SBMs). The purpose of this paper is to develop a unified theoretical perspective for understanding business model innovations that lead to better organizational economic, environmental and social performance. The paper examines bodies of literature on business model innovation, sustainability innovation, networks theory, stakeholder theory and product-service systems. We develop five propositions that support the creation of SBMs in a unified perspective which lays a foundation to support organizations to investigate and experiment with alternative new business models. This article contributes to the emerging field of SBMs, which embed economic, environmental and social flows of value that are created, delivered and captured in a value network. It highlights gaps for addressing the challenges of business model innovation for sustainability and suggests avenues for future research.

Item Type: Article
Keywords: business models; business model innovation; sustainability innovation; sustainable business models; sustainable value creation; business model experimentation
Schools and Departments: School of Business, Management and Economics > Business and Management
Depositing User: Maria Holgado Granados
Date Deposited: 16 Apr 2018 15:31
Last Modified: 14 Sep 2018 14:36
URI: http://sro.sussex.ac.uk/id/eprint/73462

View download statistics for this item

📧 Request an update