CUED Publications database

Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models

Evans, S and Vladimirova, D and Holgado, M and Van Fossen, K and Yang, M and Silva, EA and Barlow, CY Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models. Business Strategy and the Environment. (Unpublished)

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Abstract

Business model innovation has seen a recent surge in academic research and business practice. Changes to business models are recognized as a fundamental approach to realize 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 in investigating and experimenting 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
Uncontrolled Keywords: business models business model innovation sustainability innovation sustainable business models sustainable value creation business model experimentation
Subjects: UNSPECIFIED
Divisions: Div E > Production Processes
Div E > Manufacturing Systems
Depositing User: Cron Job
Date Deposited: 17 Jul 2017 19:11
Last Modified: 17 Aug 2017 01:24
DOI: