scholarly journals A Definition and Theoretical Review of the Circular Economy, Value Creation, and Sustainable Business Models: Where Are We Now and Where Should Research Move in the Future?

2018 ◽  
Vol 10 (8) ◽  
pp. 2799 ◽  
Author(s):  
Tom Lahti ◽  
Joakim Wincent ◽  
Vinit Parida
Keyword(s):  
Value Creation ◽  
Circular Economy ◽  
Business Models ◽  
Future Research ◽  
Sustainable Business ◽  
Industrial Economics ◽  
Sustainable Business Models ◽  
New Research ◽  
Business Mode ◽  
Theory Review

This paper contains a theory review of value creation and the implementation of next-generation sustainable business models to profit in the circular economy. While previous research has pointed to the influence of society and regulatory policy on companies’ ability to address larger sustainability concerns and to change their ways of working, the field suffers from little theoretical guidance outlining how undertake circular business mode transformation in practice. By reviewing the field’s main theories, we illustrate significant implications for how future research can study profitability and competitiveness in the circular economy. This paper introduces the central components of circular business models and discusses links to contingency theory, transaction cost theory, resource-based theory, theory on networks and industrial economics, and agency theory. Understanding the circular economy and the ways companies can compete in the circular economy based on these theories is important for establishing important new research directions for scholars of sustainable business and circular business models.

Responsible entrepreneurship: outlining the contingencies

2019 ◽  
Vol 25 (3) ◽  
pp. 538-553 ◽  
Author(s):  
Christine Vallaster ◽  
Sascha Kraus ◽  
Norbert Kailer ◽  
Brooke Baldwin
Keyword(s):  
Sustainable Development ◽  
Literature Review ◽  
Value Creation ◽  
Business Models ◽  
Responsible Innovation ◽  
Future Research ◽  
Business Practices ◽  
Sustainable Business ◽  
Society Business ◽  
Content Type

PurposeThe purpose of this paper is to give an up-to-date assessment of key topics and methods discussed in the current literature on responsible entrepreneurship. In the past years, sustainable development itself has become a more popular and important topic in the academic literature and hence the field of sustainable entrepreneurship has become a greater topic of interest and opportunity for solution. Therefore, a systematic literature review is conducted to assess new contributions to the field and its potential for the future of sustainable development, with a focus on responsible innovation.Design/methodology/approachSystematic, evidence-informed literature review following Tranfieldet al.(2003).FindingsBased on a conceptual literature review, five streams of research that responsible entrepreneurs distinguish from purely for-profit entrepreneurs are identified and discussed: walking the line between profit creation and value creation for society; business models of responsible entrepreneurs; their role in transforming society; getting ready to innovate responsibly; and the role of market incentives to foster sustainable business practices.Originality/valueThe structured literature review allows to identify future research paths. In detail, ideas as regards the management of upcoming tensions when trying to combine profit creation and value creation for society, and finally, the way innovation processes need to be rethought when innovating responsibly are discussed and outlined.

scholarly journals Sustainability-Oriented Business Model Evaluation—A Literature Review

2021 ◽  
Vol 13 (19) ◽  
pp. 10908
Author(s):  
Anika Süß ◽  
Kristina Höse ◽  
Uwe Götze
Keyword(s):  
Literature Review ◽  
Business Model ◽  
Model Evaluation ◽  
Business Models ◽  
Model Development ◽  
Indicator System ◽  
Future Research ◽  
Sustainable Business ◽  
Simulation Based ◽  
Sustainable Business Models

Since the need of sustainable development is indisputable, companies are forced to strive for resources, processes, and products that are sustainable. Thus, their business models as the main representation of their activities should be designed in an ecologically, economically, and socially beneficial way. However, designing and developing sustainable business models is closely linked to their evaluation. Sustainable business model evaluation as a vital part of business model development has been addressed in literature in the past with increasing frequency. As a consequence, the plethora of different approaches of sustainability-oriented business model evaluation calls for a systematic literature review. Thus, in this study, we reviewed existing articles on sustainability-oriented business model evaluation and identified four main categories of evaluation methods: single indicators (I), indicator system/framework (II), simulation-based evaluation (III), and multi criteria decision-making (IV). By analyzing and structuring the proposed approaches, their benefits and limitations are revealed, pointing out gaps and future research needs for successfully designing and evaluating business models today and in the future.

scholarly journals Epilogue

2021 ◽  
pp. 187-194
Author(s):  
Jan Jonker ◽  
Niels Faber
Keyword(s):  
Business Model ◽  
Value Creation ◽  
Business Models ◽  
Behavioural Change ◽  
Social Transition ◽  
Fundamental Change ◽  
Sustainable Business ◽  
New Normal ◽  
Sustainable Business Models ◽  
Over Time

AbstractWe live in a time of social transition. Everywhere in society, cracks are appearing. The only answer to these developments is to organize in radically different ways, saying goodbye to the present linear economy. That is what transition is all about. The search for new forms of value creation and the triple transition necessitates different business models. In turn this implies behavioural change, which may be the biggest challenge and greatest barrier to achieving a transition to a sustainable, circular, and inclusive economy. This book deliberately does not address the issue of change and transition. That would require yet another book. But to finish off we provide an overview of the obstacles and challenges of creating fundamental change. We say goodbye by providing you with the six elements of a successful business model. The key message of this last chapter is that mainstreaming sustainable business models is by no means a given, but over time will become the new normal.

Managing Value-Creation in the Digital Economy

2005 ◽  
pp. 1887-1890
Author(s):  
John C. McIntosh ◽  
Keng L. Siau
Keyword(s):  
Vertical Integration ◽  
Value Creation ◽  
Business Models ◽  
Digital Economy ◽  
Sustainable Business ◽  
Internet Technologies ◽  
Daunting Task ◽  
Sustainable Business Models ◽  
Strategic Perspective

Value-creation and maintenance of a sustained revenue stream in the digital economy continue to elude most businesses. With the exception of advanced firms such as Dell™, Virgin®, Yahoo!®, and eBay®, relatively few firms have been able to leverage Internet technologies to create sustainable business models. From a strategic perspective, although firms are freed of the strictures of vertical integration, they face the daunting task of orchestrating a constantly changing web of suppliers and partners to create appealing products for increasingly sophisticated, fickle customers.

scholarly journals Sustainable Business Models: A Review

2019 ◽  
Vol 11 (6) ◽  
pp. 1663 ◽  
Author(s):  
Saeed Nosratabadi ◽  
Amir Mosavi ◽  
Shahaboddin Shamshirband ◽  
Edmundas Kazimieras Zavadskas ◽  
Andry Rakotonirainy ◽  
...  
Keyword(s):  
Business Model ◽  
Business Strategy ◽  
Business Models ◽  
Innovation Management ◽  
Future Research ◽  
Research Activity ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Wide Range ◽  
Sustainable Business Models

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.

scholarly journals Prevailing theoretical approaches predicting sustainable business models: a systematic review

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
João J. Ferreira ◽  
Cristina I. Fernandes ◽  
Pedro M. Veiga ◽  
Mathew Hughes
Keyword(s):  
Cluster Analysis ◽  
Business Models ◽  
Hierarchical Cluster ◽  
Intellectual Structure ◽  
Future Research ◽  
Sustainable Business ◽  
Scientific Publications ◽  
Content Type ◽  
Theoretical Approaches ◽  
Sustainable Business Models

PurposeThis study aims to map scientific publications, intellectual structure and research trends in the sustainable business model (SBM) field. Specifically, it attempts to (1) identify the fundamental contributions of research in this area of knowledge; and (2) determine the research lines that constitute the most prominent intellectual structure. We leverage these insights to formulate and propose a future research agenda for SBM.Design/methodology/approachThe authors made recourse to the bibliometric, co-citation and cluster analysis techniques. To evaluate potential patterns among articles, we analysed how articles are jointly cited. We further applied hierarchical cluster analysis to the articles and used co-citation analysis to group the interrelated articles into distinct sets.FindingsThe results enable the identification and classification of the prevailing theoretical foci in the domain of SBM: (1) SBM implementation; (2) SBM challenges; (3) institutional SBM; (4) circular SBM; and (5) emerging SBM.Originality/valueThis study identifies, explores, analyses and summarises the main theoretical approaches and themes surrounding SBM research to date, contributing to deepening the literature by identifying the priority areas concerning sustainable business models and encouraging future research of an internationally excellent standard.

scholarly journals Assessment of Circular Economy within Portuguese Organizations

2018 ◽  
Vol 10 (7) ◽  
pp. 2521 ◽  
Author(s):  
Luis Fonseca ◽  
José Domingues ◽  
Maria Pereira ◽  
Florinda Martins ◽  
Dominik Zimon
Keyword(s):  
Circular Economy ◽  
Quantitative Research ◽  
Online Survey ◽  
Business Models ◽  
Environmental Management System ◽  
Future Research ◽  
Sustainable Business ◽  
Wide Range ◽  
New Business ◽  
The Status

The move towards a new Circular Economy (CE) economic model has been advocated and supported in Portugal, however, there is limited research on this topic. To address this gap, a quantitative research based on an online survey was carried out among 99 Portuguese organizations, encompassing a wide range of sectors and sizes. The results show that CE is regarded as a strategic and relevant issue for profitability and value creation. Furthermore, the perception that it requires the adoption of new business models in addition to the classical “reduce, reuse and recycle” approach is growing. Moreover, based on the hypotheses raised, results suggest that the level of CE adoption is positively impacted by the status of the EMS (Environmental Management System) certification and the willingness to improve the environmental performance and achieve a sustainable business model. However, CE activities are still relatively modest and a friendlier context (fiscal, legal, organizational, etc.) and the stronger support from supply chain agents and consumers are required. Future research should focus on how to design and shape the transition from a linear to a CE economy and to ascertain if the positive attitude towards CE is materialized in changing the way business is done.

The Use of Sustainable Business Model Archetypes in the Design of Circular Business Models in the Digital Economy

2020 ◽  
pp. 1-18
Author(s):  
Marek Jabłoński
Keyword(s):  
Business Model ◽  
Circular Economy ◽  
Business Models ◽  
Potential Model ◽  
Sharing Economy ◽  
Digital Economy ◽  
Digital Environment ◽  
Sustainable Business ◽  
Model Solutions ◽  
Sustainable Business Models

Archetypes of sustainable business models can be used to the elaboration of archetypes of business models that combine the assumptions of sharing economy and circular economy as part of their categorization. The chapter presents the assumptions of conceptualization and operationalization of potential model solutions in the field of using archetypes of sustainable business models in the design of circular business models in digital economy. The chapter has an epistemological character described in ontological, epistemological, and methodological categories, but also with the use of an axiological sense. The aim of the chapter is to develop and indicate the principles of designing business models based on the concepts of sharing economy and circular economy using archetypes of sustainable business models in range of digital environment of business.

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