Business Model Innovation Research Articles

Towards strategic digital transformation: Manufacturing sustainability via crowdfunding, business model innovation, and supportive digital culture

Digitalization has brought both opportunities and challenges, requiring organizations to strategically transform to remain sustainable. This study used Innovation diffusion and resource-based view Framework, to investigate the sequential mediation framework, how strategic digital orientation drives sustainable performance via the mediators of crowdfunding and digital business model innovation, as well as the moderating role of digital organizational culture. Data was collected from 373 executives level employees in Chinese manufacturing SMEs and analyzed using a hybrid SEM-ANN approach. Results demonstrate crowdfunding mediates the link between digital orientation and sustainability. Moreover, business model innovation sequentially mediates the relationships between digital orientation, crowdfunding, and sustainability. In addition, digital organizational culture moderates the link between strategic digital orientation, business model transformation, and crowdfunding. This study offers an enriched understanding of sustainable business practices within the context of SME's and provides useful insights for practitioners, academia and investors striving to boost sustainable growth in SME's sector.

The Circular Game: The Impact of Gaming on Sustainable Behaviour

The main objective of this paper is to assess the impact of The Circular Game use on participants' sustainable awareness, learning and behaviour. The Circular Game is a strategy board game to learn about sustainability, improve environmental awareness, apply circular economy strategies, and train to design innovative and circular business models. Researchers will analyse changes in participants' sustainable knowledge, awareness, and behaviour before and after participation in the game with ad hoc questionnaires. The results of this analysis will allow us to test whether the emotions generated during the play-based learning process can condition their environmental awareness, learning and behaviour towards greater sustainability in the future. The game can generate emotions in participants and work teams, promote collaborative and green knowledge acquisition, and help bachelor and master students and employees apply theoretical knowledge to real-world situations. Similarly, companies and entrepreneurs need a relaxed environment to present their ideas and proposals for improvement. This methodology uses game elements in academic or working environments to stimulate and challenge participants to incorporate sustainable business choices. The Circular Game is a game in which participants compete to be the company that applies the most circular economy strategies in its business model. The groups advance through a circular board where, depending on the squares they land on, they can earn money, invest in circular economy strategies, and add or reduce CO2 emissions. The winner will be the one who has completed all the circular economy strategies set out in the game with the minimum of CO2 emissions. The social impact is substantial as it is a methodology that can be applied in any field, educational or business. The impact will be more significant if the game's objective, to be more sustainable, is translated into the participants' real lives.

Review on Sustainable Fashion: Innovations and Challenges

Sustainable fashion is evolving through advanced technology, innovative business models, and progressive education. Technologies like AI, 3D printing, and blockchain reduce waste and boost efficiency, supporting a shift to greener practices. Emerging business models, such as the circular economy, are redefining industry norms, though application remains complex. Educational initiatives like challenge-based learning (CBL) equip students with critical problem-solving skills. Reviving traditional crafts and using eco-friendly materials—like bamboo, recycled fibers, and organic cotton—are vital for reducing environmental impact. These advancements help the fashion industry address both ecological and social challenges.

Energy transition in the oil and gas sector: Business models for a sustainable future

The global energy landscape is undergoing a significant transformation as industries shift towards more sustainable practices, driven by environmental regulations, societal pressure, and technological advancements. The oil and gas sector, traditionally dependent on fossil fuels, is at the forefront of this energy transition. This review explores the evolving business models that facilitate the industry's transition to a low-carbon economy, focusing on strategies for achieving sustainability while maintaining profitability. Key approaches include diversifying energy portfolios by investing in renewable energy sources such as wind, solar, and hydrogen, as well as enhancing operational efficiency through digital technologies like artificial intelligence and the Internet of Things (IoT). The transition is also marked by an increased focus on carbon capture, utilization, and storage (CCUS) technologies, which mitigate the environmental impact of traditional oil and gas operations. Business models are being reshaped to incorporate circular economy principles, where waste and emissions are minimized through innovation and resource optimization. Furthermore, partnerships between oil and gas companies and renewable energy firms are emerging as a critical pathway for mutual growth and sustainability. This energy transition also involves rethinking the workforce and reskilling employees for emerging sectors, emphasizing the need for adaptability in business models. Regulatory frameworks play a pivotal role in shaping these models, as policies increasingly favor green investments and low-carbon initiatives. As oil and gas companies diversify their portfolios, they are creating new revenue streams that align with global decarbonization goals while ensuring financial resilience. This study highlights how these innovative business models are setting the foundation for a sustainable future in the oil and gas sector, ensuring that the industry remains relevant in a rapidly changing energy ecosystem. Keywords: Energy Transition, Oil and Gas, Business Models, Sustainability, Renewable Energy, Carbon Capture, Circular Economy, Digital Transformation, Decarbonization, Low-Carbon Economy.

Linking digital transformation with supply chain intelligence integration and carbon performance: does business model innovation matter?

PurposeCompanies are actively pursuing digital transformation to achieve sustainable development; however, how digital transformation can help manufacturing firms improve carbon performance remains unclear. Based on an integrated perspective of dynamic capability theory and practice-based view, this study examines the relationship between digital transformation and carbon performance by exploring the mediating effect of supply chain intelligence integration and the moderating role of business model innovation.Design/methodology/approachUsing data collected from 297 manufacturing firms in China, this study employs hierarchical regression analysis to test the research hypotheses.FindingsThe findings demonstrated a significant positive association between digital transformation and carbon performance, and this relationship is mediated by all three dimensions of supply chain intelligence integration. Furthermore, business model innovation negatively moderates the relationships between digital transformation and both supplier intelligence integration and competitor intelligence integration.Originality/valueThe study provides empirical evidence that manufacturing firms can achieve greater benefits from digital transformation by aligning it with business model innovation and systematically promoting supply chain intelligence integration.

Identification and Analysis of Key Factors Affecting Digital Transformation of Small and Medium-Sized Manufacturing Enterprises

The digital transformation of small and medium-sized manufacturing enterprises is influenced by various factors, and the relationship between them is not yet clear. Studying the factors that affect the digital transformation of small and medium-sized enterprises can promote the digital transformation process of small and medium-sized manufacturing enterprises. On the basis of summarizing literature and expert recommendations, this study identified the influencing factors in the digital transformation process of small and medium-sized manufacturing enterprises, and analyzed the key influencing factors using a combined method of DEMATEL-ISM-MICMAC (Decision-Making Test and Evaluation Laboratory-Interpretive Structural Model-Matrices Impacts Croises-Multiplication Appliance Classement). Research has found that digital policies, market demand, business model innovation, third-party data-driven services, and the digital foundation of enterprises are key factors in the process of digital transformation. In addition, the causal factors in the DEMATEL method, the essential factors in the ISM method analysis, and the independent factors in the MICMAC technique analysis can mutually support and complement each other. This study enriches the methodology for studying the factors of digital transformation and provides reference for the digital transformation of small and medium-sized manufacturing enterprises and government policy formulation.

DIGITAL PIONEERS: TRANSFORMING INDIA'S HEALTHCARE LANDSCAPE THROUGH INNOVATIVE BUSINESS MODELS

DIGITAL PIONEERS: TRANSFORMING INDIA'S HEALTHCARE LANDSCAPE THROUGH INNOVATIVE BUSINESS MODELS

Changing the sails to survive the storm: Strategies that foster international business model innovation during a crisis

Persisting global crises, such as COVID-19, pose significant challenges for international companies. The increase in uncertainty and instability in foreign markets has profoundly affected firms' strategic decisions, forcing them to adapt to dynamic conditions in order to maintain or improve their international performance. Grounded in the dynamic capabilities view, this study examines how exploration and exploitation strategies drive international business model innovation, ultimately affecting international performance and expectations concerning crisis survival during the COVID-19 crisis.Utilizing survey data from 1455 internationalized companies, we use structural equation modeling to test our hypotheses. The results show that, although both exploration and exploitation strategies foster international business model innovation, exploration has a stronger effect than exploitation. The results further emphasize that international business model innovation has a positive impact not only on the expectation of crisis survival but also on the international performance.

Drive sustainable business performance with humane entrepreneurship, knowledge management: the mediation of sustainable business advantage and sustainable business model innovation

PurposeThis study evaluates the important role of humane entrepreneurship (HE) on sustainable business advantage (SBA) and sustainable business performance (SBP) by exploring the mediating role of sustainable business model innovation (SBMI) under the influence of knowledge management (KM) in small and medium-sized enterprises (SMEs). Encouraging businesses to implement a combination of KM and HE facilitates the implementation of SBMI that brings value to businesses, communities and the environment in emerging economies.Design/methodology/approachThis study uses an empirical quantitative research method using primary information based on data collected by questionnaires. The study sample resulted in 424 valid responses (66.77% response rate). The target audience of the study is middle and senior managers in SMEs. This study aims to perform structural modeling analysis with the maximum likelihood estimates method to examine structural relationships.FindingsThis study found a positive relationship between KM and HE to SBMI. At the same time, SBMI plays an important role for businesses to achieve SBA and SBP. Similarly, a positive relationship was also found between HE to SBA and SBP. And SBA strongly promotes SMEs to achieve SBP. In addition, the mediating role of SBMI and SBA is clarified to have a positive impact between HE–SBP and SBMI–SBP. HE plays an important role in motivating businesses to innovate sustainable business models, making it easier to gain sustainable competitive advantages, thereby bringing sustainable business results.Practical implicationsThis research helps SMEs realize the importance of KM and HE in SBMI. At that time, SMEs take advantage of internal and external information sources and innovate their business models based on HE mechanisms. Applying HE mechanisms will allow businesses to innovate their business models by combining concerns between stakeholders and the social environment for sustainable development. Therefore, businesses will achieve their SBA toward SBP.Originality/valueThe present literature shows that there are few empirical studies on the mechanism mediating SBMI in the relationship between HE and SBP; and SBA in the link between SBMI and SBP. In addition, the impact of KM and HE on SBMI is also very important in the current context. The study's findings could have huge implications for entrepreneurs and senior managers in SMEs in emerging economies. Help them realize the importance of KM and HE for SBMI, thereby building strategic perspectives that help businesses achieve sustainable competitive advantages and increase SBP for businesses.

Effect Of Strategic Innovation On Sustainability Of Mission Hospitals In Kiambu County, Kenya

Kenya's healthcare sector plays a crucial role in economic growth and the realization of Vision 2030. Mission hospitals in Kiambu County, however, face sustainability challenges, including inadequate financial resources, staff turnover, weak health systems, and patient non-payment. This study investigated how strategic innovation affects the sustainability of these hospitals, focusing on business models, services, processes, and technological innovations. The research involved 100 managers from seven mission hospitals, using a census approach and a cross-sectional descriptive design. Data were analysed using SPSS, with multiple linear regression to determine relationships between variables. The study found that adopting innovative business models, aligning with market trends, improving service quality, and implementing technological solutions like telemedicine and electronic health systems significantly enhanced operational efficiency, patient satisfaction, and financial stability. The study recommended that mission hospitals regularly review and adapt their value propositions, while the government should support innovation through policies to ensure healthcare sustainability.

Transformation of SME Business Models Through Innovation: The Case of Home Business Camp (HBC) in the Post Covid-19 Pandemic Period

Through analysis that, you can concluded that market orientation, orientation entrepreneurship, business model innovation, and performance development product new each other related in SME context. Strong market and entrepreneurial orientation can push business model innovation, which in turn can increase performance development product new. Business model innovation is also possible role as an internal mediator connection between market orientation, orientation entrepreneurship, and performance development product new. Therefore​ that's important for SMEs to Keep going do transformation business through innovation To use survive and compete in a competitive market, especially during the COVID-19 pandemic.

Impact of Social Media and Digital Innovation in Business Models: Strategies that Leverage Dynamic Capabilities

Impact of Social Media and Digital Innovation in Business Models: Strategies that Leverage Dynamic Capabilities

Engineering Principles and Business Model Innovation in Food Systems to Achieve Sustainable Development Goals

Engineering Principles and Business Model Innovation in Food Systems to Achieve Sustainable Development Goals

Research on the Impact of Enterprise Digital Transformation on High-Quality Development and Countermeasures

With the rapid development of the digital economy, enterprises face the important task of digital transformation. This paper, based on the analysis of literature, discusses the positive impacts of digital transformation on the high-quality development of enterprises, reveals the main mechanisms of digital transformation, and proposes corresponding countermeasures for the challenges encountered by enterprises during the digital transformation process. The study finds that digital transformation can optimize the talent structure of enterprises, improve organizational governance, nurture new market environments, and thereby promote the high-quality development of enterprises. This paper suggests that enterprises should strengthen the training of digital talents, optimize organizational structures, and innovate business models using digital technologies to adapt to the needs of the digital age.

Innovation and Practice of Diversified Business Model of New Energy Power Generation Enterprises

With the growing global demand for clean energy, new energy power generation enterprises are facing new opportunities and challenges. This paper explores the diversified business model of new energy power generation enterprises. Firstly, the theoretical basis of the business model of new energy power generation enterprises is analyzed, including the characteristics and income sources of single and multiple industrial chain models. The advantages and applications of different business models are analyzed through the study of cases at home and abroad, such as the European aggregated generation side resource model, the United States focused on controllable load demand response model, and the domestic cases of Shanghai and Shenzhen virtual power plant projects and distributed photovoltaic power generation. Then it puts forward the diversified business model innovation strategy of new energy power generation enterprises, covering the innovation of comprehensive energy services, the development of power side energy storage business, and the expansion of key businesses and profit models. Finally, the research conclusions are summarized and the future research directions are prospected. In short, the exploration of diversified business models of new energy power generation enterprises is of great significance to promote the development of clean energy and improve the competitiveness of enterprises.

How to deploy the PSS towards a circular economy in housing? A multiple-case study

Transitioning to a circular housing economy necessitates innovative business models informed by Circular Economy (CE) principles. Yet, a business viewpoint is almost absent from the current circular housing discourse. Of various applicable business approaches, the Product-Service System (PSS) has frequently been put forward due to its resource reduction capacity. Nonetheless, its practical application within the realm of circular housing remains an uncharted territory. To address this knowledge gap, this study employed a multiple-case study, investigating the practices of five frontrunners in the field through interviews and document analysis. The findings informed an empirically grounded framework of 14 guiding principles that provide actionable knowledge for deploying the PSS for a CE in housing across the value proposition, value creation and delivery, and value capture components of the business model concept. Additionally, the findings highlighted the role of intermediary-led collaborative value networks as catalysts for PSS and CE implementation in housing. Beyond these theoretical contributions, the findings and framework presented herein can serve as a dependable point of reference for practitioners in their quest to explore and capture the potential of the PSS towards a CE in housing.

Accelerating decarbonized economic growth through net-zero entrepreneurship: Low-carbon economic development perspective

Net-zero entrepreneurship is a novel concept introduced in the context of carbon neutrality, and exploring whether it can catalyze decarbonized economic growth is a worthy pursuit. This study constructs a comprehensive, low-carbon endogenous economic growth model to scrutinize the intricate nexus between net-zero entrepreneurship and decarbonized economic growth. Empirical validation employs a series of multiple regression models to rigorously test the hypotheses derived from the theoretical framework using an extensive dataset spanning Chinese provinces. The results reveal a nuanced landscape. (i) Net-zero entrepreneurship plays a remarkable role in promoting decarbonization growth, with considerable regional heterogeneity. (ii) Green technology progress exhibits a notable mediating effect. (iii) Environmental regulation and industrial structure optimization have positive moderating effects. (iv) The results passed alternative dependent variable and one-phase lag regression robustness tests. In a distinct contribution to entrepreneurship literature, this study augments the discourse on strategies to steer low-carbon transitions. The research findings indicate that net-zero entrepreneurship can accelerate the global decarbonization process, and green technology progress is a significant driving mechanism in this process. Additionally, it is essential to strengthen environmental agencies’ regulatory oversight and optimize industrial structures to pave the way for transformative sustainable growth. In the future, more entrepreneurs should be encouraged to engage in green technology and business model innovation to contribute to global decarbonization efforts.

Openness influences business model innovation: the mediating role of digital capability

PurposeExploring open value, cultivating digital capability (DC) and driving business model innovation (BMI) have become an inevitable choice for enterprises to meet market demand and adapt to environmental changes. However, as one of the situational variables of BMI, the positive or negative influence of openness has not been proved and the path mechanism between DC and BMI is not clear. Based on the dynamic capability theory, this paper takes manufacturing enterprises as an example to explore the internal impact mechanisms of organizational openness on BMI. It extends the analysis by introducing DC as a mediating variable and introducing manufacturing enterprise type (high-tech and non-high-tech) as a moderating variable.Design/methodology/approachA questionnaire survey was conducted using data collected in China, data from 355 manufacturing enterprises were collected to carry out empirical research. Participants were mainly middle and senior managers with a comprehensive grasp of their firms’ information. Exploratory factor analysis (EFA) and confirmatory factor analysis (CFA) were used to test the reliability and validity of the sample data, and negative binomial regression analysis was used to test hypothesis relationships.FindingsThe authors find an inverted U-shaped relationship between openness and BMI, and explain that excessive openness may lead to low resource utilization, organizational inertia, cooperation distrust, which will have a negative impact on BMI. DC includes digital resource capability (DRC), digital management capability (DMC) and digital collaboration capability (DCC), which promote BMI and play a mediating role between openness and BMI. Enterprise type has a moderating effect on the relationship between DC and BMI.Research limitations/implicationsThe results of this paper summarize the opportunities and threats of open innovation, help enterprises fully understand the double-edged sword impact of openness, guide manufacturing enterprises to be sensitive to openness and achieve sustainable innovation. By analyzing the path of DRC, DMC and DCC to BMI, managers can improve their understanding of digital-driven value creation process and improve the competitive advantage of enterprises.Originality/valueThis paper presents the relationships among openness, DC and BMI. We find the non-linear effects of openness on DC and BMI, bridging the inconsistent view of positive or negative relationship between openness and organizational change in previous studies. The introduction of DC extends the theory of dynamic capability in the digital age, and opens the “black box” from opening to BMI from the process perspective of DRC, DMC and DCC. From the perspective of enterprise type, this paper provides different choices of capability upgrading and strategic innovation based on openness for high-tech and non-high-tech manufacturing enterprises.

Analysis of the Influence of Business Model Innovation on the Operating Capacity of Enterprises: Taking Zhejiang Haers as an Example

This paper takes the case of Zhejiang Haers as the object to explore the impact of business model innovation on the operating capacity of the enterprise, analyzes the impact on the operating capacity of the enterprise through the form of the business model of cooperation between Zhejiang Haers and various types of flow intellectual property (IP), analyzes the enterprise’s inventory turnover, accounts receivable turnover, total asset turnover and net profit to a certain extent, and concludes that the innovation of business model will strengthen the operating capacity of the enterprise. By analyzing the inventory turnover rate, accounts receivable turnover rate, total assets turnover rate, and net profit of the enterprise, it is believed that the innovation of the business model will strengthen the enterprise’s operating ability to a certain extent.

The Rise of Social Entrepreneurship

In recent decades, the concept of social entrepreneurship has emerged as a dynamic and impactful force in addressing pressing social and environmental challenges. This paper provides a comprehensive analysis of the rise of social entrepreneurship, exploring its origins, evolution, and current state. Drawing on a review of scholarly literature, case studies, and empirical research, we examine the defining characteristics of social entrepreneurship and the factors driving its growth. Our analysis reveals that social entrepreneurship represents a paradigm shift in the way we conceptualize the role of business in society. Unlike traditional entrepreneurship, which focuses primarily on profit maximization, social entrepreneurship integrates social and environmental objectives into its core mission. Through innovative business models, creative problem-solving, and a commitment to sustainable impact, social entrepreneurs are addressing systemic issues such as poverty, inequality, environmental degradation, and access to essential services.