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

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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 Barlow
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.

History

Publication status

  • Published

File Version

  • Published version

Journal

Business Strategy and the Environment

ISSN

0964-4733

Publisher

Wiley

Issue

5

Volume

26

Page range

597-608

Department affiliated with

  • Business and Management Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2018-04-16

First Open Access (FOA) Date

2018-04-16

First Compliant Deposit (FCD) Date

2018-04-16

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