π± Sustainable Business Model Innovation: A Comprehensive Overview ππ **Introduction** This paper aims to provide a comprehensive unders...
Published on by Hossein Ataei Far, Deputy Manager of the Research, Technology Development, and Industry Relations Center at NWWEC
π **Introduction**
This paper aims to provide a comprehensive understanding of Sustainable Business Model Innovation (SBMI), exploring its philosophy, components, and interrelation with Business Model (BM), Business Model Innovation (BMI), and Sustainable Business Model (SBM).
Objective:
The primary goals are to:
π Enhance understanding of SBMI components concerning BM, BMI, and SBM.
π Identify theory-practice research gaps in SBMI implementation.
π― Propose research questions to bridge identified gaps.
Methodology:
A comprehensive literature review methodology was employed, analyzing 61 research papers on BM, BMI, SBM, and SBMI, focusing on definitions, components, and associated terms for each concept. Fig 1 illustrates the derivative philosophy underlying Sustainable Business Model Innovation.
Key Findings:
SBMI is an emerging concept with a growing body of literature.
Definition of SBMI is evolving, lacking universal acceptance.
Clarity regarding SBMI components and its relationship with other fields is lacking.
SBMI consists of three components: Sustainable Value Proposition Innovation (SVPI), Sustainable Value Creation and Delivery Innovation (SVC&DI), and Sustainable Value Capture Innovation (SVCI).
Further research is needed to develop sub-components and metrics for SBMI.
Implications:
π Proposed framework aids understanding of SBMI for academicians and practitioners.
π Identification of research gaps guides future SBMI research.
Recommendation for Future Research:
π Develop sub-components and metrics for SBMI.
π Explore successful SBMI implementation in various contexts.
π Investigate real-world consequences of SBMI.
π Develop multidisciplinary approaches to bridge SBMI with other fields.
Conclusion and Keynote Summary:
This study contributes to the theoretical understanding of SBMI, offering insights into its components, philosophy, and relationship with related fields. It identifies research gaps and proposes questions for future exploration. SBMI presents a promising approach for businesses to address sustainability challenges and create value for stakeholders, yet further research is crucial for deeper practical implications.
Reference:
[1] Shakeel, Jawaria, Abbas Mardani, Abdoulmohammad Gholamzadeh Chofreh, Feybi Ariani Goni, and JiΕΓ JaromΓr KlemeΕ‘. "Anatomy of sustainable business model innovation." Journal of Cleaner Production 261 (2020): 121201.
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