Evans_et_al-2017-Business_Strategy_and_the_Environment (3).pdf (180.74 kB)
Business model innovation for sustainability: towards a unified perspective for creation of sustainable business models
Version 2 2023-06-12, 08:49
Version 1 2023-06-09, 12:01
journal contribution
posted on 2023-06-12, 08:49 authored by Steve Evans, Doroteya Vladimirova, Maria HolgadoMaria Holgado, Kirsten Van Fossen, Miying Yang, Elisabete A Silva, Claire Y BarlowBusiness 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.
History
Publication status
- Published
File Version
- Published version
Journal
Business Strategy and the EnvironmentISSN
0964-4733Publisher
WileyExternal DOI
Issue
5Volume
26Page range
597-608Department affiliated with
- Business and Management Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2018-04-16First Open Access (FOA) Date
2018-04-16First Compliant Deposit (FCD) Date
2018-04-16Usage metrics
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