Development Of Sustainable Business Models Research Articles

The dharma of work: Cracking the code to social sustainability puzzle for the future of human resources

AbstractThe growing awareness of social sustainability and employee experiences has gained significant global organizational attention toward socially sustainable issues, mainly due to the sudden surge in resignations, strikes, elevated job stress, and depression in the Indian manufacturing sector. Despite organizational efforts to address these challenges, a notable gap persists in understanding the influence of socially sustainable strategies on employee well‐being and organizational sustainability. Hence, this research aims to fill that void by identifying and ranking strategies for achieving sustainable development from a holistic angle. The triangulation method is employed in this study as a validation strategy, reinforcing the credibility of the findings. This study utilizes a hybrid approach that integrates the Fuzzy Delphi Method (FDM) and the Fuzzy Analytic Hierarchy Process (FAHP) to enhance accuracy and dependability in identifying and prioritizing critical social strategies. A literature review and FDM are used to create initial strategies, which are subsequently prioritized through the FAHP method to determine their relative significance. Eight strategies aligned with sustainable development goals are identified, with “improving employee well‐being” deemed most crucial, followed by “improving diversity, equity, and inclusion” and “equipping leaders with empathy.” The study illustrates how these social practices advance the development of sustainable business models by improving organizational culture, fostering future competencies, and promoting human‐centered leadership. This study offers managerial insights for managers striving to align organizational objectives with global sustainability aims. Organizations may leverage the identified factors for strategic planning to establish a resilient foundation capable of enduring the challenges of a dynamic market environment.

Barriers and framework conditions for the market entry of second-life lithium-ion batteries from electric vehicles

Transition to circular economy for lithium-ion batteries used in electric vehicles requires integrating multiple stages of the value cycle. However, strategies aimed at extending the lifetime of batteries are not yet sufficiently considered within the European battery industry, particularly regarding repurposing. Using second-life lithium-ion batteries (SLBs) before subsequent recycling can offer several advantages, such as the development of sustainable business models, the reduction of emissions, and alignment with UN Sustainable Development Goals 7, 12, and 13. Using expert and problem-centred interviews along with an exploratory workshop, this study guides stakeholders in the battery sector by illustrating the necessary changes for a more holistic circular economy. Moreover, an extended political, economic, social, technological, environmental, legal, and additionally safety-related (PESSTEL) analysis approach is carried out, which has not yet been used in this context. In this process, barriers, as well as necessary institutional framework conditions and organisational requirements for a successful market entry of SLB applications are investigated. Among others, key barriers relate to the competition with first-life applications and safety concerns. SLBs require high manual labour costs for repurposing, along with expenses for expired warranties and re-certifications. Ownership structures in traditional business models often result in SLBs and their corresponding usage data staying under the control of the manufacturers. Market viability, however, requires a level playing field for both first-life and second-life operators as well as circular battery and data-sharing business models. Gathering data on the ageing performance and performing improved safety testing according to test protocols facilitates the reliable assessment of SLBs.

Decarbonization Drivers and Their Impact on Business Models in the Energy-Intensive Manufacturing Industry (EIMI)

EIMIs face the challenge of adapting to the Paris Agreement and the European Green Deal to achieve carbon neutrality. Driven by consumer interest in low-carbon products, regulatory requirements, and investor priorities, companies are pressured to integrate sustainability beyond short-term financial gains. The growing awareness of the environmental impact of business models (BM) has fueled the development of Sustainable Business Models (SBMs). Although the importance of decarbonization of EIMIs has increased, there is a lack of industry-specific research examining the combination of decarbonization and business models, as well as their interrelationships and correlations. This study addresses the discussion on the role of SBMs in decarbonization, improving the understanding of how these drivers can be integrated to enable new BMs for EIMIs. Based on a structured literature review and semi-structured interviews within the EIMIs, the study identifies BM components influenced by these drivers requiring sustainable business model innovation (SBMI). Results show that decarbonization drivers significantly impact all BM components. Experts emphasize the importance of collaborative approaches and cooperation throughout the value chain. This research highlights the need for systematic analysis to understand how companies can manage decarbonization drivers effectively and suggests exploring potential SBM design options.

The role of economics and management in the development of sustainable business models of agricultural enterprises

The relevance of this topic lies in the need to use economic and management strategies that can help agricultural enterprises adapt to a changing environment and ensure sustainable and resilient growth in the future. The purpose of the study was to examine the impact of economic and managerial factors on the development of agricultural enterprises, with a focus on creating sustainable business models. The methods used were analytical, statistical, and comparative. The paper examines the role of economics in the formation of sustainable business models of agricultural enterprises, focusing on optimizing the use of resources and adapting to market conditions. It is found that economic aspects include optimization of production processes, cost management and analysis of market trends. Efficient use of resources is a key aspect of sustainable business models of modern agricultural enterprises. The use of advanced technologies, such as precision farming and process mechanization, helps to increase productivity and reduce costs. Management of such market factors includes strategic planning, risk analysis and search for new development opportunities. An example of successful use of innovative technologies in agriculture is given on the sample of the American company John Deere. The article describes the strategy for developing sustainable business models for the Ukrainian company Myronivsky Hliboproduct, which includes the introduction of advanced agricultural technologies, diversification of production, optimization of resource use, development of local markets, improvement of risk management and promotion of social development of local communities. It is noted that the unfavourable conditions of war and economic instability pose serious challenges to the agricultural sector, but such conditions can also stimulate the search for new, more sustainable, and efficient business approaches. As a result, the development of sustainable business models for agricultural enterprises requires a comprehensive approach and systematic measures aimed at optimizing production, managing risks, and promoting the social development of local communities. The practical significance of the study lies in the possibility of increasing competitiveness, resource efficiency and sustainability in a changing market environment, which contributes to the sustainable development of the agricultural sector

Enhancing Fundraising with Digital Transaction in Indonesia: A Systematic Literature Review (SLR)

This research uses the Systematic Literature Review (SLR) method to investigate the optimization of collecting Zakat, Infaq and Sadaqah funds through digital transactions. The data analysis process uses the PRISMA diagram and includes the stages of identification, search, selection, data collection and analysis. From three main sources, researchers collected 20 references, consisting of theses and journals, which were analyzed to identify findings related to collecting ZIS funds with digital transactions in Indonesia. The results reflect the digitalization trend, where zakat institutions are increasingly using information technology to increase efficiency, accessibility and transparency in the process of collecting ZIS funds. This trend involves utilizing mobile applications, QRIS, and digital platforms, enabling faster and more efficient fund collection. Other benefits include ease of access, increased transparency, and more effective involvement of muzakki. Using digital technology also enables data analysis, better fund management and the development of sustainable business models. The COVID-19 pandemic has triggered new strategies in collecting ZIS funds, with zakat institutions turning to social media and digital platforms as alternatives to raise funds. Online payment services with mobile QR Codes are key in maintaining the continuity of ZIS fund collection amidst physical restrictions. Socialization efforts, easy access, and partnerships with various parties are the main strategies for zakat institutions to remain relevant and effective in facing the challenges of the pandemic. This research focuses on the central role of digitalization in increasing the efficiency and effectiveness of collecting ZIS funds, such as paying attention to social changes, namely the COVID-19 pandemic. By using digital technology, zakat institutions can continue to innovate and meet the needs of muzakki, so that they continue to play their role in helping people in need.

Development of Sustainable Business Models through Internal Partnerships Efforts to Expand Consumer Reach

This research was carried out with the aim of developing a sustainable business model through partnerships in an effort to expand consumer reach in the Makassar Modem Warehouse business. This research is a type of development research (R&D) that adapts the 4D development procedure which consists of four stages which include define(definition), design(planning), develop(development), as well disseminate (deployment). Data collection activities were carried out by means of observation, interviews and documentation. The data analysis technique uses qualitative descriptive analysis techniques. The research carried out resulted in recommendations for forms of partnership with environmental, social and economic parties that Gudang Modem Makassar can implement to increase the potential to expand consumer reach.

Business model development concept for SMEs in the era of twin transition

The urgent need to act against climate change is emphasized in many initiatives, such as the Sustainable Development Goals, the European Green Deal, and the Circular Economy Action Plan. The role of the industrial sector is crucial. Companies, however, have to operate in a very complex environment driven by digitization and are supposed to be more sustainable. This paper explores how companies can implement the ecological transformation, with a focus on the role of digital technologies and data in enabling the twin transition. This paper proposes an approach to support SMEs in the twin transition through a combination of digital and sustainable business model development. The concept includes an interdisciplinary methodology that combines qualitative and quantitative approaches, focusing on the latter. The suggested method collection includes adaptations of the business model canvas, value proposition analysis, data-driven decision-making, and the integration of environmental and economic considerations using the system of environmental-economic accounting. In particular, approaches to define the quantification of economic as well as ecological value will be key levers for sustainable implementation. By leveraging these approaches, SMEs can navigate the challenges of digital transformation and sustainability and contribute to a more sustainable future.

Innovative Strategy for Sustainable Business Model Development with Value and Social Impact Approach for Economic Sustainability

Economic sustainability has become a primary concern in addressing global challenges. Confronting the complexity of economic sustainability challenges, innovation and the development of sustainable business models are crucial. This research aims to identify, develop, and test innovative strategies for sustainable business model development with a focus on value and social impact. The study employs a comprehensive examination of previously published works, utilizing qualitative analysis to achieve a holistic understanding of the topic, spanning the timeframe from 2016 to 2023. The findings indicate that the development of sustainable business models with a focus on value and social impact is an essential strategic step amid the complexity of economic, social, and environmental challenges. The implementation of these strategies is not only a moral responsibility for companies but also an urgent necessity in the face of rapid global changes. Engaging various aspects, including economic, social, and environmental dimensions, several key points need emphasis, namely the integration of sustainable values, technological and product innovation, stakeholder collaboration and engagement, employee development, and performance reporting and accountability.

The Development of Sustainable Business Models: Concept, Elements and Importance


 
 
 
 Advances in technology, falling trade barriers, economies of scale and domestic market saturation are considered some of the key drivers behind globalisation. Globalising businesses require the management of complex solutions to coordinate resources and processes across functions and geographies. The importance of strong business models is therefore vital in view of increasing global competition. Aided by the development of sustainable business models, entrepreneurs and small firms can confidently participate in networks and capture value from networking relationships, regionally and internationally, to enhance their global presence. The aim of this research is to investigate the importance of development of sustainable business models for international companies. Results showed the development of sustainable business models are important in motivating corporate innovative measures for sustainability, and this is a driving force behind competitiveness
 
 
 

INVESTIGATING ZOO MANAGEMENT BASED ON VISITORSʼ PERCEPTION OF SERVICE PERFORMANCE: A CASE OF ZOO RABBITLAND, MALAYSIA

The investigation of visitors’ perceptions of service performance is essential in identifying best practices for zoo management. This is critical to ensure a worthwhile experience for visitors and guarantee the long-term viability of the business. However, despite the current demands and expectations of visitors, the facets of zoo management remain under-researched. This study conducted a descriptive analysis to identify and prioritise the dimensions of perceived zoo service performance that require attention from Rabbitland Zoo management to make informed decisions towards better service offerings. The research findings revealed that location and ticket pricing received the highest mean score, indicating that both dimensions align with visitors’ demands. Although three dimensions of service performance, namely animal welfare, amenities, and educational-related needs, received mean scores between 3.50 and 3.95 (medium performance), these areas require attention from management as they are more likely to impact visitors’ willingness to pay for future zoo visits. In particular, animal-based educational projects can be a promising strategy to enhance school and family market attraction. Furthermore, future research may explore emerging perspectives on zoo management through expert opinions, uncovering the potential development of sustainable business models in zoo tourism.

Jaringan Sosial dalam Sistem Agribisnis Sayur: Peran Pertukaran Sosial dalam Membentuk Kemitraan yang Berkelanjutan

This research explores the pivotal role of social exchange in shaping sustainable partnerships between vegetable farmers and customers in Dusun Wayari. Within the framework of a qualitative approach with in-depth interviews as the research method, this study identifies two primary dimensions of social relations within the vegetable agribusiness system in Dusun Wayari: the associative dimension and the disassociative dimension. The research findings indicate that social exchange plays a central role in establishing close relationships between vegetable farmers and customers. During the process of ordering and harvesting vegetables, the interdependence between farmers and customers serves as a strong foundation for mutually beneficial social relations. Farmers provide high-quality products, while customers offer financial support and long-term commitment. This study underscores that social relations based on social exchange play a key role in creating sustainable partnerships in the vegetable agribusiness. In addition to benefiting farmers and customers, these relations also contribute to the collective well-being within the local community. Therefore, a deeper understanding of social relations within this agribusiness system has the potential to provide valuable insights and practical guidance for the development of sustainable business models in agriculture and other local business sectors.

A system lock-in blocks the uptake of mixed sustainable Eucalyptus plantations in Brazil

Forest plantation areas across the globe are increasing in size and in 2019 Eucalyptus monocultures in Brazil covered 6.97 million hectares (0.8%). These monocultures hardly provide ecosystem services and do not support wildlife habitats. A transition towards more sustainable Eucalyptus plantations is urgently needed to support the provisioning of ecosystem services and conserve biodiversity. This transition requires the development of sustainable business models. We studied the upscaling of sustainable Eucalyptus plantation alternatives in Brazil, by analysing the potential barriers that need to be overcome using the Technological Innovation Systems perspective and semi-structured interviews of relevant stakeholders across the Eucalyptus value chain. Although the provisioning of ecosystem services is improved by alternative plantation management, we identified four blocking mechanisms that inhibit the functioning of the innovation system and as such hamper upscaling; 1) the productivist approach by incumbent actors on plantation management that is focussing only on short-term profit maximisation and results in a strong resistance to change current practices, 2) the weak societal and governmental vision that does not put sufficient pressure to change practices, 3) additional certification to support alternatives is in its infacy to develop niche markets which also hampers the development of financial support, and 4) failed demonstration projects in the past that have led to a lack of proof of concept for further experimentation and knowledge development. These barriers combined lead to a system lock-in, resistant to change and not capable for a diffusion of sustainable alternatives. We conclude that the directionality of a sustainability transformation should be enhanced by formulating long-term goals and strong commitment of public and private actors. We discuss how a mission oriented approach could foster such directionality for the urgently needed regime transformation in Eucalyptus paper and pulp production.

Environmental innovation and corporate sustainability: evidence-based systematic literature review

PurposeSustainability at the corporate level is interpreted as the approach capable of creating prosperity over long-term horizons through targeted strategic integration, sustainable business system and societal transitions, beyond economic growth, along with environmental quality and social equity. In this context, this article aims to explore the interplay of the relationship between environmental innovation and corporate sustainability.Design/methodology/approachA systematic literature review (SLR) was conducted in the Web of Science and Scopus databases for the last six decades to explore the proposed relationship. Data were selected on August 2, 2020, and the analysis period lasted until July 20, 2021. A research protocol consistent with the methodological rigor required in conducting an SLR was prepared for the mapping and analysis of relevant research.FindingsIn the last five years, there has been an evolution in research related to green innovation in supply chain management. Based on this evolution, there is a growing concern with the development of sustainable business models, taking into account the motivation to adopt green innovation practices aimed at corporate image. The purpose lies in verifying the organizational capabilities in achieving corporate sustainability practices and economic performance. The results show a greater concentration of studies exploring (1) sustainable business models, (2) the complexity of the sustainability tripod balance, in addition to (3) organizational strategies based on green and competitive practices.Originality/valueFew works explored the context of small and medium-sized companies, especially those located in emerging and underdeveloped countries. This opens up a promising field of research. The main contributions of this article are related to (1) the presentation of a portfolio of theoretical and methodological approaches on the subject, which allows the exploration of the possibilities of empirical studies; and (2) showing the current status of research on environmental innovation and its impact on corporate sustainability. This article explores the interplay of the relationship between environmental innovation and corporate sustainability and brings state-of-the-art research about the theme.

Energy Storage Technologies and Business Model

Abstract: As the demand for renewable energy sources continues to grow, the importance of energy storage technologies and the development of sustainable business models for energy storage services have become paramount. This paper explores the various energy storage technologies available in the market and their unique characteristics, including battery storage systems, pumped hydro storage, compressed air energy storage, and more. Additionally, it investigates the evolving landscape of energy storage services and the potential business models that can be employed to maximize the utilization and economic viability of energy storage systems. The paper analyses the key factors influencing the deployment and adoption of energy storage technologies, such as cost, regulatory frameworks, grid integration, and the role of energy market stakeholders. Moreover, it delves into the emerging trends and 1the existing energy infrastructure. By examining the current state of energy storage technologies and providing insights into the development of sustainable business models, this paper aims to contribute to the understanding of the role of energy storage in enabling the transition towards a cleaner and more reliable energy future

Towards a dynamic value network perspective of sustainable business models: the example of RECUP

Sustainability research has increasingly emphasized the importance of value networks in the design and development of sustainable business models (SBM). This is because SBMs must incorporate economic, environmental and social goals to achieve their desired impacts, hence designing such models requires firms to develop an understanding of value creation from the perspective of all key stakeholders in their networks in order to co-create economic, social and ecological value. To advance our understanding of how value network activities shape SBM development, we conducted a longitudinal case study of RECUP, a born sustainable startup with a circular economy business model that has developed and worked with a broad value network to achieve a major reduction in waste from linear consumption. We identify three sets of value network activities that supported the continuous development of the firm’s value proposition and contributed to mutual value creation among stakeholders from business, politics and society: B2B-partnering, political agenda-setting and mobilizing end-consumers. Our contributions to research on SBM innovation and design include demonstrating how value network activities initially emerge through experimentation and consolidate over time through iterative learning processes. Such learning and adaption through dynamic value network activities is especially important, we argue, when value-creating factors are not sufficiently known in advance by startups and/or their stakeholders.

Customer Relationship Management in an Era of Digital Disruption and Business Model Evolution

This research is grounded on the conceptualization of CRM as a collection of technology solutions that play a pivotal role in effective company management. The current work aims to elucidate and establish the significance of the advantages associated with CRM, as previously emphasized in relevant literature, in relation to achieving business success. Existing sustainable studies are of special importance in this setting because they provide a model of practical inquiry into the positive effects of CRM practices across the 3D of sustainability (environmental, social, and economic). Once our predictions are confirmed, the following model`s validation will enhance our comprehension of how CRM-related advantages might amplify the beneficial influence of its conditions on each sustainability dimension. CRM may be seen as a kind of Green IT, focused on facilitating modern transformation and promoting the development of sustainable business models. This research model has the potential to serve as a foundational framework for a more targeted approach aimed at quantifying the effects and advantages of using CRM. We argue that this encompasses models of sustainable innovation and business.

VALUES-BASED BUSINESS MODEL INNOVATION–THE CASE OF ECOSIA AND ITS BUSINESS MODEL

This paper explores how values-based innovation (VBI) management can facilitate the development of business models and their constitutive components. It analyses the case of the green search engine, Ecosia, to demonstrate and further differentiate the theoretical framework of VBI management. According to the VBI management framework, the development of sustainable business models cannot be appropriately managed and researched without considering values and normative orientations. Ecosia’s case highlights that the continuous reconsideration and negotiation of values is integral to the management of business model innovation (BMI) and contributes to the development and specification of business model components. Thus, the case confirms and contributes to a more in-depth understanding of the role values play in managing innovation and demonstrates some of the challenges encountered in the daily practice of VBI management.

Development of sustainable business models for insect-fed poultry production: opportunities and risks

During the last decade the potential of insects for human nutritional protein is increasingly recognised. Direct consumption of insects contributes to a reduction of the ecological footprint of human food production and is claimed to have health benefits. An alternative is feeding poultry (broilers and layers) with insect-derived protein. This offers several additional advantages, e.g. a more extensive use of (new sources) of organic by-products of food industry for insect production. Implementation of a People-Planet-Profit (PPP) sustainable way of utilising these opportunities requires the development of sustainable business models. Such business models need to be based on the opportunities of insect-derived protein in feeding poultry but should also include the risks associated with insect-derived protein for feeding poultry. This article explores the insect-fed poultry production value chain through an interdisciplinary approach. First, the essential features of this value chain are described. Then, an inventory and classification is made of the main opportunities and risks of this value chain. Finally, the opportunity-risk trade-offs are discussed, as well as their implications for developing sustainable business models. We conclude that for PPP-sustainable business models, management of the asymmetric trade-offs between opportunities and risks related to possible contamination of organic by-products used as substrate for insect production should receive prime attention. Implications for organising the value chain are discussed.

Indian apparel industry impressions of recent and current sustainable practices

The objective of this paper is to increase a better understanding that how business models evolve to include more environmentally friendly solutions and sustainability in the apparel industry. This study has been reviewed by focusing on what forms a more sustainable model for the apparel industry can be generated from a firm level, the purpose of this paper is to show and explore difficulties and opportunities for a sustainable business model development in the apparel industry The study demonstrates that adopting a business model that incorporates more sustainability which has both benefits and challenges.

The Performance of Slovenian Hospitals: The Development of Sustainable Business Model

Abstract Due to the Covid-19 epidemic, the Slovenian Government ended the project of rehabilitating Slovenian hospitals that showed negative financial operations by the end of 2016. The special Government Act provided one-time financial compensation and simultaneously tasked the hospitals with preparing rehabilitation programs. A case study applied the rehabilitation programs of 12 Slovenian hospitals and interviews with the directors of individual hospitals to collect data. In-depth analysis revealed several shortcomings that were identified and addressed with measures outlined in the rehabilitation programs. Most of them extend to the areas of activity, financial operations, and health services. The study results suggest that the transformation of the current operating mode of Slovenian hospitals in the direction of creating a sustainable business model would require the definition of sustainable objectives, reorganization and coordination of various institutional factors, and the support of such reform through normative and other systemic measures.