Sustainable Business Models Research Articles

Inventory Management and Strategy Optimization from The Perspective of Green Supply Chain Management

With the increasing severity of global environmental problems, the business community has begun to seek more sustainable business models. Green Supply chain Management (GSCM), as an important strategy to achieve this goal, emphasizes the integration of environmental protection and resource conservation concepts throughout the supply chain. This paper analyzes the impact of traditional inventory management on the environment, discusses the new model of inventory management under the perspective of GSCM, and puts forward the corresponding optimization strategy. This paper finds that green inventory management not only helps to reduce resource consumption and pollution emissions, but also improves the competitiveness and social image of enterprises. Therefore, the promotion of green inventory management is an important way to achieve sustainable development of enterprises and environmental protection.

Business Model Formulation For Yarn Store As Cultural Tourism

This study aims to develop a sustainable business model for the first physical store of Mondu Crafts, a yarn store targeting cultural tourism. Research objectives include analyzing market characteristics, identifying factors affecting the business, and designing a suitable strategy. A mixed-method approach was used, employing questionnaires and interviews, analyzed through descriptive and cross-tabulation methods. Key findings indicate strong interest in Mondu Crafts, especially among females aged 17-35. High-income groups face time constraints, while lower-income groups face budget limitations. Strategies such as offering free, short trial workshops are recommended. Results highlight the trend for one-stop shops, integrating sightseeing, food, activities, and souvenirs. Long-term sustainability suggestions include integrating AI-based language translation services and eco-friendly initiatives. Establishing Mondu Crafts Cafe & Store in Bandung is both market-viable and financially feasible, with potential expansion to Bali for a broader reach. The study provides practical insights for developing a robust Business Model Canvas for a creative economy as a cultural tourism.

Transforming ex-Coal Mining Sites into Sustainable Plantations: A Case Study of Food Natural Sustainability Project in Bomba Group

The Ministry of Agriculture (Kementan) is encouraging efforts to convert former mining land into productive agricultural areas to increase national food production and stocks amidst the global food crisis. Land Reclamation Technology is a necessity to reduce the cost of reclamation of ex-mining land into agricultural land. The method of reclamation of ex-mining land by moving top soil from another place is not recommended because this is a step to solve the problem by creating other new problems. Sustainability Business Model for such rejuvenation projects refer to Collaboration and Community Based and must be prioritize all stakeholders (all parties involved and affected by the activities carried out by the business) rather than the interests of shareholders.

Value capture in IoT-driven business models: considerations about smart resources and isolating mechanisms in networked environments

PurposeThis conceptual paper aims to contribute to a better understanding of value creation and value capture with smart resources in the Internet of Things (IoT)-driven business models against the backdrop of an increasingly networked and connectivity-based environment. More specifically, the authors screen strategic management theories and adapt them to the specificities of new types of smart resources by focusing on a conceptual analysis of isolating mechanisms that enable value creation and value capture based upon different types of smart resources.Design/methodology/approachBy adapting the state of the art of the contemporary resource-based discussion (resource-based view, dynamic capabilities view, relational view, resource-based view for a networked environment) to the context of IoT-driven business models, the paper typifies valuable intra- and inter-organisational resource types. In the next step, a discursive discussion on the evolution of isolating mechanisms, which are assumed to enable the translation of value creation into value appropriation, adapts the resource-based view for a networked environment to the context of IoT-driven business models.FindingsThe authors find that connectivity shapes both opportunities and challenges for firms, e.g. focal firms, in such business models, but it is notably social techniques that help to generate connectivity and transform inter-organisational ties into effective isolating mechanisms.Originality/valueThis paper lays a foundation for a theoretically underpinned understanding of how IoT can be exploited through designing economically sustainable business models. In this paper, research propositions are established as a point of departure for future research that applies strategic management theories to better understand business models that work with the digitisation and connectivity of resources on different levels.

ECOPRENEURSHIP FOR SUSTAINABILITY BUSINESS IN MILLENNIAL GENERATION

This study aims to analyze the influence Ecopreneurship implications on Competitive Advantage and sustainability business SMEs millennia generation in Indonesia and Philippine. This research done with Quantitative Method using Structural Equation Modelling (SEM) analysis with software Partial Least Square (PLS). The population in this study was a sample of 100 people and the sampling technique is random sampling. This study proves the effect of ecopreneurship on competitive advantage and business sustainability except that eco-opportunity does not affect business sustainability. It is also proven that competitive advantage does not mediate Eco-commitment to Business Sustainability in the millennial generation. The novelty in this research is the Sustainability Business model for the millennial generation through ecopreneurship.

Influence of Leaders Risk Taking and the Sustainability of Savings and Credit Co-Operatives in Kenya

Purpose: The purpose of the study was to explore the influence of risk taking by leaders on the sustainability of SACCOs in Kenya. The study sought to provide insights on the key focus areas, which contribute towards the sustainability of SACCOs in Kenya. The study was confined to SACCOs within 5 Counties of Nairobi, Kiambu, Machakos, Muranga and Kajiado A sample size of 174 SACCOs was taken. Methodology: Descriptive research design was adopted for this study. The use of objective and quantifiable data enabled the researcher to generalize the results of the study to the entire population. The correlation coefficient between SACCO sustainability and risk taking is 0.488 with a p-value of 0.000 for a 5% 2-tail test. Findings: The study concludes that leaders risk taking positively influence sustainability of SACCOs in Kenya.The results of the study also imply that if the SACCOs leaders take risk and venture into unexploited area, they are swift to abandon unprofitable products and also are experienced in risk management; they will be able to guarantee sustainability of their SACCOs. Unique Contribution to Theory, Practice and Policy: From the findings of the study, it can be noted that government regulations moderates the variable resulting to possibility of the sustainability of such SACCO. The study has important implications on the appropriate conceptualization of sustainable business models in the context of SACCOs. This study encourages management committees, to take risk by venturing into new areas, take credit to introduce new products and abandon those products that are unprofitable for their SACCO sustainability.

Integrating Sustainability and Digitalization in Business Model Innovation. A Bibliometric Study

Abstract The aim of the study is to get a comprehensive understanding of the research landscape at the nexus between business model innovation, sustainability and/or digitalization, in order to determine key research patterns and trends. Accordingly, the following objectives have guided the development of the paper: (a) to examine the dynamics and structure of the research output (articles and citations) on the topic; (b) to explore the network of the most impactful articles; (c) to trace the origins of the research on the topic; (d) to decipher current developments in the research on the topic; and (e) to search for emerging trends in the research on the topic. An advanced search of the SCOPUS database was conducted to identify the relevant literature available; 1195 articles (published between 2014 and 2023) were selected and exported in VOSviewer for bibliometric analysis. The results suggest the emergence of a niche research area in the broad strategic management field, bringing together four related (sub)topics: (1) circular economy and sustainable business models; (2) tools, frameworks and processes for sustainable business model innovation; (3) digitalization and business model transformation; (4) business models for societal and sustainability transitions. For this research area to crystallize, the identified emerging research trends – on digital innovation and technology; strategic management and analytical methods; supply chain and manufacturing; policy, governance and sustainability – need to be further explored, both individually (in search of refinement and clarity) and collectively (in search of consistency and synergy).

Exploring the Impact of Founder Social Identities on Sustainable Business Model Design

Exploring the Impact of Founder Social Identities on Sustainable Business Model Design

The Role of SMEs’ Sustainable Business Model Experimentation in Sustainability Transitions

The Role of SMEs’ Sustainable Business Model Experimentation in Sustainability Transitions

Changing Constellations of Hybridity Through the Phases of Sustainable Business Model Innovation

Changing Constellations of Hybridity Through the Phases of Sustainable Business Model Innovation

New Business Models for Financial Sustainability of Indian Universities

New Business Models for Financial Sustainability of Indian Universities

The role of digital transformation in building a sustainable business model

The role of digital transformation in building a sustainable business model

Quality 4.0 practices toward sustainable excellence in the manufacturing sector

In the Industry 4.0 context, it is very important for companies to apply a comprehensive and sustainable business model to grow steadily and quickly adapt to the fast-changing environment. Although the existing literature has explored Quality 4.0 by integrating Industry 4.0 tools into the TQM system, the question of how Quality 4.0 practices drive sustainable excellence (SE) remains unexplored. Therefore, to fill the gap, this research aims to investigate the relationship between Quality 4.0 practices and SE as well as the role of digital transformation (DT) and digital leadership in this connection, anchoring on the stakeholder theory, the natural resource-based view (NRBR) theory, and the socio-technical system (STS) theory. The research employs the quantitative Structural Equation Model method to analyse empirical data in the manufacturing industry in Vietnam. The findings demonstrate that Quality 4.0 practices positively influence both digital transformation and SE. This study confirmed the mediating role of digital transformation and the moderating role of digital leadership in the relationship between Quality 4.0 practices and SE. The findings of this study contributed to applications of Quality 4.0 practices and digital transformation to improve SE in the manufacturing sector.

Sustainable innovations for rural Africa: Case studies from Nigeria and Tanzania

ABSTRACT Sustainable entrepreneurship is essential to tackle the negative effects of climate change in communities, especially in the rural areas of Africa. This article presents case studies of two start-ups developing sustainable business models for rural communities in Nigeria and Tanzania. The cases were monitored during an accelerator program, and the analyzed materials come from in-depth interviews, field observations, and secondary data. The obtained data were coded and processed using qualitative thematic analysis. The research activities took place during the years 2022 and 2023. The cases illustrate how the studied entrepreneurs have designed their sustainable business models and engaged with early adopters and opinion leaders within a community. They leveraged existing networks and community associations to provide education and training. This can be highly effective in increasing the adoption rates of innovations. However, navigating the political and cultural dynamics and building trust within communities is crucial to overcoming challenges and successfully diffusing innovations in rural Africa.

Willingness of Buyers to Buy Wearable Rejected Clothes from Clothing Manufacturers: Model for Fostering Sustainable Apparel Business

The apparel industry in Bangladesh produces rejected garments while manufacturing high-quality exportable garments. This industry faces challenges in managing rejected garments as they contribute to waste generation. The purpose of this study was to explore the current policy of managing rejected garments and look for a more sustainable business model or policy. This research collected opinions and information from 18 different garment manufacturing industries regarding rejected garments and buyers’ and manufacturers’ existing policies for managing the rejected garments. The results of the study show that there is no particular guideline from the buyers for managing rejected garments; consequently, the manufacturers handle these garments in their own way. A novel and more sustainable business model for the clothing business was proposed to align the business with the Sustainable Development Goal 12 (responsible consumption and production). This model urges collaborative efforts between buyers and manufacturers to capture more value from rejected garments and extend their lifecycle. The proposed framework will benefit relevant stakeholders, minimise waste generation and reduce the impact of fast fashion.

Intellectual capital through decarbonization for achieving Sustainable Development Goal 8: a systematic literature review and future research directions

PurposeThe aim of this study is to review the literature on how intellectual capital (IC) contributes to the decarbonization efforts of firms. It explores how carbon accounting can measure the components of IC in decarbonization efforts to balance profitability with environmental and social goals, particularly in promoting decent work and economic growth (Sustainable Development Goal [SDG] 8 and its targets [2, 5, 6, 8]). Moreover, it emphasises the importance of multi-stakeholder partnerships for sharing knowledge, expertise, technology, and financial resources (SDG17-Target 17.G) to meet SDG8.Design/methodology/approachAs a consolidated methodological approach, a systematic literature review (SLR) was used in this study to fill the existing research gaps in sustainability accounting. To consolidate and clarify scholarly research on IC towards decarbonization, 149 English articles published in the Scopus database and Google Scholar between 1990 and 2024 were reviewed.FindingsThe results highlight that the current research does not sufficiently cover the intersection of carbon accounting and IC in the analysis of decarbonization practices. Stakeholders and regulatory bodies are increasingly pressuring firms to implement development-focused policies in line with SDG8 and its targets, requiring the integration of IC and its measures in decarbonization processes, supported by SDG17-Target 17.G. This integration is useful for creating business models that balance profitability and social and environmental responsibilities.Originality/valueThe integration of social dimension to design sustainable business models for emission reduction and provide a decent work environment by focusing on SDG17-Target 17.G has rarely been investigated in terms of theory and practice. Through carbon accounting, IC can be a key source of SDG8-Targets 8.[2, 5, 6, 8] and SDG17-Target 17.G. Historically, these major issues are not easily aligned with accounting research or decarbonization processes.

Sustainable Business Model Implementation in Polish Enterprises

Sustainable Business Model Implementation in Polish Enterprises

A Financial Analysis and Valuation of First Solar, Inc.

First Solar is an American company specializing in thin-film photovoltaic solar solutions using Cadmium Telluride (CdTe) technology. This technology offers environmental protection and sustainability advantages. The company maintains market competitiveness through continuous technological improvements, enhanced efficiency and durability, and expanded production capacity. First Solar holds significant market share in the United States and India, aided by government incentives like the U.S. Inflation Reduction Act and Indias Production-Linked Incentive Program. The company is expanding globally through acquisitions and long-term agreements, with plans to build new factories in both countries to boost production. Financially, First Solar performs well in liquidity, solvency, and profitability, ranking in the upper-middle tier among industry competitors. Its healthy short-term debt solvency is indicated by strong current and quick ratios, while its low debt ratio and high interest coverage ratio highlight robust long-term debt solvency. The companys gross and net profit margins are stable and expected to grow. First Solars earnings per share (EPS) and revenue growth rates surpass those of its peers, and its price-to-earnings (P/E) and earnings growth (PEG) ratios suggest lower relative future earnings growth, enhancing investment appeal. In summary, First Solar demonstrates strong market competitiveness and growth potential with its advanced technology, sustainable business model, and solid financial performance, positioning it as a leader in the solar energy industry.

Strengthening organizational resilience: role of sustainable supply chain, digitalization and business model adaptation

PurposeOrganizational resilience is a prerequisite to ensure preparedness and quick recovery from disruptions for an organization. However, there is scant literature that examines antecedents that are associated with resilience. This study aims to evaluate antecedents of organizational resilience considering three factors: sustainable supply chain management (SSCM), business model adaptation (BMA) and digitalization.Design/methodology/approachThis study considers the dynamic capability view as a theoretical lens to formulate the hypotheses between the mentioned constructs. The authors test the hypotheses based on the data collected from 259 manufacturing companies. The authors consider structural equation modeling and mediation analysis to analyze the proposed hypotheses.FindingsThe results of structural equation modeling suggest that there is a positive association between SSCM and organizational resilience. Furthermore, the results suggest that digitalizing the business processes and deploying an adaptable business model can help organizations enhance their resilience levels.Originality/valueThis study contributes to the literature by identifying dynamic capabilities that can influence organizational resilience and extending the relevance of BMA and digitalization in the context of sustainability and resilience. Furthermore, this research informs managers on effective pathways for managing future disruptions.

Empowering refugee and local women through social cooperatives: an unfinished success story in Southern Türkiye

PurposeThis study aims to understand the social cooperative model's empowerment and social cohesion impacts based on the case of a cooperative with the partnership of local and refugee women in southern Türkiye to give evidence for the potential and challenges of women cooperatives.Design/methodology/approachThe authors conducted surveys and focus group interviews with both members and board members. The authors grounded the findings in dimensions extracted from literature on the impact of cooperatives on their members and the wider community.FindingsThe social cooperative economically empowers women through employment and income generation, and skill training while enhancing them socially with increased decision-making power, autonomy, self-esteem and respect. It fosters social cohesion between local and refugee members by building trust and peace, solidarity, knowledge sharing and collective action. However, the cooperative faces challenges in managing sustainable business models, and cooperative membership does not ensure a steady income, social security, economic independence or a fairer division of domestic work.Research limitations/implicationsThe challenges and limited outcomes of social cooperatives are primarily due to resource scarcity. Hence, these needs must be considered by policymakers and sponsors of women empowerment programmes so that they can offer response actions to empower social women cooperatives. During the research period, the COVID-19 pandemic posed a significant threat to the survival of the cooperative. Moreover, the restrictions imposed by the pandemic made it impossible to engage Syrian women in focus group discussions. Consequently, the focus group interactions were limited to two Palestinian members, while Syrian members were included in survey interviews.Originality/valueThis study is one of the few attempts to examine the social cooperative model’s impact on women’s empowerment and social cohesion in the context of a mixed membership of local and refugee women in Türkiye. Fieldwork evidence on cooperatives that improve gender equality and inclusive growth can contribute to the advocacy of support for women’s cooperatives in the context of refugees.