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Sustainable Business Models: A Review
- Source :
- Sustainability, Vol 11, Iss 6, p 1663 (2019)
- Publication Year :
- 2019
- Publisher :
- MDPI AG, 2019.
-
Abstract
- During the past two decades of e-commerce growth, the concept of a business model has become increasingly popular. More recently, the research on this realm has grown rapidly, with diverse research activity covering a wide range of application areas. Considering the sustainable development goals, the innovative business models have brought a competitive advantage to improve the sustainability performance of organizations. The concept of the sustainable business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural, or other contexts, in a sustainable way. The process of sustainable business model construction forms an innovative part of a business strategy. Different industries and businesses have utilized sustainable business models’ concept to satisfy their economic, environmental, and social goals simultaneously. However, the success, popularity, and progress of sustainable business models in different application domains are not clear. To explore this issue, this research provides a comprehensive review of sustainable business models literature in various application areas. Notable sustainable business models are identified and further classified in fourteen unique categories, and in every category, the progress -either failure or success- has been reviewed, and the research gaps are discussed. Taxonomy of the applications includes innovation, management and marketing, entrepreneurship, energy, fashion, healthcare, agri-food, supply chain management, circular economy, developing countries, engineering, construction and real estate, mobility and transportation, and hospitality. The key contribution of this study is that it provides an insight into the state of the art of sustainable business models in various application areas and future research directions. This paper concludes that popularity and the success rate of sustainable business models in all application domains have been increased along with the increasing use of advanced technologies.
- Subjects :
- Entrepreneurship
General Economics (econ.GN)
Knowledge management
Geography, Planning and Development
review
TJ807-830
Real estate
state-of-the-art
climate protection
adaptation
010501 environmental sciences
Management, Monitoring, Policy and Law
Business model
global warming
TD194-195
01 natural sciences
Competitive advantage
Renewable energy sources
FOS: Economics and business
mitigation
0502 economics and business
survey
GE1-350
Economics - General Economics
0105 earth and related environmental sciences
sustainable business model
Sustainable development
sustainable development
Supply chain management
Environmental effects of industries and plants
Renewable Energy, Sustainability and the Environment
business.industry
Circular economy
sustainable mobility
circular economy
05 social sciences
sustainability
research method
Environmental sciences
business_and_administrative_sciences
climate change
business model
Sustainability
Strategic management
business
050203 business & management
Subjects
Details
- Database :
- OpenAIRE
- Journal :
- Sustainability, Vol 11, Iss 6, p 1663 (2019)
- Accession number :
- edsair.doi.dedup.....6f6381a3eb439b4a559528493e94b125