scholarly journals The Impact of COVID-19 on Sustainable Business Models in SMEs

2021 ◽  
Vol 13 (3) ◽  
pp. 1098
Author(s):  
Iva Gregurec ◽  
Martina Tomičić Furjan ◽  
Katarina Tomičić-Pupek
Keyword(s):  
Business Models ◽  
Service Industries ◽  
Three Dimensions ◽  
Sustainable Business ◽  
Business Model Canvas ◽  
Global Pandemic ◽  
Sustainable Business Models ◽  
Service Sectors ◽  
Unpredictable Environment ◽  
The Impact

Businesses have been exposed to various challenges during the global pandemic, and their response to this disruption has impacted their resilience as well as their chances to overcome this crisis. Small and medium-sized enterprises (SMEs) are changing their business models in order to adapt to this changing environment. Service-based industries have been hit particularly hard. This research investigates how SMEs operating in service industries have been coping with the disruptions caused by the COVID-19 pandemic. This research aims to gain insights into which transformation drivers they have focused on and which technologies they have selected as a means to respond to the disruption. These insights regarding SMEs are then explored according to their influence on the redefinition of sustainable business models in SMEs. The review data was analyzed via a customized research framework that contains three dimensions and 30 subconcepts. The results show the distribution of drivers and technologies across service sectors. They are organized into a Business Model Canvas and could be considered useful for academia and practitioners. The highly unpredictable environment allows for only a few feasible strategic approaches regarding an SME’s decision on to follow incumbents, to become a challenger, or to reinvent themselves based on their own transformation drivers and readiness to apply digital technologies.

scholarly journals Impact Assessment of Additive Manufacturing on Sustainable Business Models in Industry 4.0 Context

2020 ◽  
Vol 12 (17) ◽  
pp. 7066 ◽  
Author(s):  
Radu Godina ◽  
Inês Ribeiro ◽  
Florinda Matos ◽  
Bruna T. Ferreira ◽  
Helena Carvalho ◽  
...  
Keyword(s):  
Additive Manufacturing ◽  
Industry 4.0 ◽  
Manufacturing Systems ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Three Dimensions ◽  
Sustainable Business ◽  
Core Element ◽  
Sustainable Business Models

Additive manufacturing has the potential to make a longstanding impact on the manufacturing world and is a core element of the Fourth Industrial Revolution. Additive manufacturing signifies a new disruptive path on how we will produce parts and products. Several studies suggest this technology could foster sustainability into manufacturing systems based on its potential of optimizing material consumption, creating new shapes, customizing designs and shortening production times that, all combined, will greatly transform some of the existing business models. Although it requires reaching a certain level of design maturity to completely insert this technology in an industrial setting, additive manufacturing has the potential to favorably impact the manufacturing sector by reducing costs in production, logistics, inventories, and in the development and industrialization of a new product. The transformation of the industry and the acceleration of the adopting rate of new technologies is driving organizational strategy. Thus, through the lenses of Industry 4.0 and its technological concepts, this paper aims to contribute to the knowledge about the impacts of additive manufacturing technology on sustainable business models. This aim is accomplished through a proposed framework, as well as the models and scales that can be used to determine these impacts. The effects are assessed by taking into account the social, environmental and economic impacts of additive manufacturing on business models and for all these three dimensions a balanced scorecard structure is proposed.

scholarly journals The New Visual Testimonial: Narrative, Authenticity, and Subjectivity in Emerging Commercial Photographic Practice

2017 ◽  
Vol 5 (2) ◽  
pp. 11-20 ◽  
Author(s):  
Heather Morton
Keyword(s):  
Social Media ◽  
Business Models ◽  
Sustainable Business ◽  
Commercial Practice ◽  
Convergence Culture ◽  
Social Media Platforms ◽  
Image Creation ◽  
Sustainable Business Models ◽  
Narrative Ability ◽  
The Impact

By studying the cultural and aesthetic impact of increasingly pervasive digital technologies and mass amateurization, this paper examines the ramifications of the networked information economy on professional photographic practice and considers the concomitant implications for the photographic classroom. Using the framework of convergence culture as per the writings of Yochai Benkler, Henry Jenkins, Mark Deuze, and Axel Bruns, the impact of accessible and instantaneous image creation and dispersal are explored. Given the rise of consumer engagement in brand co-creation on social media platforms, we can observe massive changes to professional practice in areas such as aesthetics, and the erosion of previous sustainable business models. Indeed, as traditional notions of “expertise” shift from technological prowess to narrative and disseminative abilities, the effects on commercial practice and photographic education need to be addressed. This paper argues that there are three emerging priorities for commercial image use: narrative ability, authenticity, and subjectivity and suggests initial steps in their pedagogical application. By acknowledging these transformations, this paper explores the idea that students need to harness technique, social media influence, adaptability, subjectivity, and storytelling power in order to better serve emerging image-based needs in commercial spaces.

Towards an Innovative Ecotourism Business Model Framework

2020 ◽  
pp. 200-215
Author(s):  
Armand Faganel ◽  
Roberto Biloslavo ◽  
Aleksander Janeš
Keyword(s):  
Business Model ◽  
Business Models ◽  
Fish Farming ◽  
Farmed Fish ◽  
Sustainable Business ◽  
Descriptive Case Study ◽  
Business Model Canvas ◽  
Sustainable Business Models ◽  
Stakeholder Needs

The authors have studied in depth small, family-owned, fish farming company because the demand and competition for farmed fish is increasing worldwide, and so is the awareness of its importance for further development of sustainable small business in EU and wider. This chapter contributes to the literature on sustainable business models with a descriptive case study of the complementarity of a fish farming company and ecotourism activities. In this view, innovation is crucial to promote sustainable business models that can achieve a solid economic performance, social responsibility, and at the same time take care of the natural environment. The case study of a sustainable business model (BM) in aquaculture has been analyzed with the use of a business model canvas that links various organizational-oriented elements of a business model with different stakeholder needs, especially customer needs.

Biotechnology-driven business model archetypes: Sustainability, Innovation and Commercial Viability

2019 ◽  
Vol 24 (3) ◽  
Author(s):  
George Peppou
Keyword(s):  
Business Model ◽  
Large Scale ◽  
Business Models ◽  
Secondary Data ◽  
Sustainable Business ◽  
Biotechnology Firms ◽  
Business Model Canvas ◽  
Triple Layer ◽  
Content Analysis Method ◽  
Sustainable Business Models

PurposeIn spite of enthusiasm for biotechnologies to enable sustainability and the development of innovative sustainable business models, limited research, tools and resources exist. Therefore, this research questions how the business model of sustainable biotechnology-driven firms differs from other businesses.Methodology         This article applies a structured content analysis method to enumerate sustainable business model archetypes in biotechnology firms focuses utilising secondary data from 64 existing. The triple-layer business model canvas is used as the categorisation matrix.FindingsFive sustainable business model archetypes were identified for biotechnology firms. Findings highlight that sustainable biotechnology-driven businesses can reach a sustainable business model through either operating as an environmentally-led or economically-led domain.Research limitations/implicationsThis article recognises that transitioning to a sustainable business model requires significant change to many facets of the business, therefore this study provides a template for future organisations, supporting the realisation of future, sustainable, biotechnology innovations.Originality/value Unlike previous studies this article focuses exclusively on biotechnology firms, as well as utilising the Triple Layer Business Model Canvas as the categorisation matrix, the first article to do so. This article provides a template for large-scale industrial businesses to build, or transition to, more sustainable business models utilising biotechnology. 

scholarly journals Classification of Sustainable Business Models: A literature review and a map of their impact on the Sustainable Development Goals

2021 ◽  
Vol 49 (4) ◽  
pp. 784-794
Author(s):  
Eleonora Boffa ◽  
Antonio Maffei
Keyword(s):  
Sustainable Development ◽  
Business Strategy ◽  
Sustainable Development Goals ◽  
Business Models ◽  
Integration Process ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Sustainable Business Models ◽  
Development Goals ◽  
The Impact

Sustainable Business Models (SBM) have been seen as a suitable vehicle for organizations to convey sustainability. The SBM requires a company's business strategy to be shaped around sustainability goals. These goals can be integrated into the business strategy by creating an internal commitment focused on sustainability. Enablers play a crucial role in this integration process. The 2030 Agenda issued by the United Nations set clear goals on sustainable development, i.e. the Sustainable Development Goals (SDGs). Firms are encouraged to design SBM to fulfil these goals. Yet, an extensive investigation of the effect of the SBM applications on the SDGs is lacking. This paper is based on a semantic analysis of the relevant literature. The results show the internal enablers that support the integration process of sustainability into the organization's strategy. In addition to that, the underlying classification process highlights the clusters of applications for the SBM. These are, in turn, mapped over the SDGs to show the impact of each cluster on each SDG.

scholarly journals Value Migration to the Sustainable Business Models of Digital Economy Companies on the Capital Market

2018 ◽  
Vol 10 (9) ◽  
pp. 3113 ◽  
Author(s):  
Marek Jabłoński
Keyword(s):  
Capital Market ◽  
Business Models ◽  
Relevant Literature ◽  
Digital Economy ◽  
Sustainable Business ◽  
Wide Range ◽  
Sustainability Concept ◽  
Sustainable Business Models ◽  
The Impact ◽  
The Capital Market

The topic of a sustainable business model is currently the subject of much scientific research that covers a wide range of topics, from terminological aspects to aspects related to the impact of sustainability factors on company development. So far, however, the topic of sustainability in business models operating in electronic markets has only been studied to some extent. This article covers broad research into the value migration to sustainable business models of companies operating in the digital economy on the capital market. The aim of the article is to present key results of research into value migration to sustainable business models of companies operating in the digital economy on the capital market. The relevant literature on the trends in the application of the sustainability concept in the digital economy, the attributes of business models, and the interpretation of value within the concept of business models is also reviewed. The results obtained are ambiguous.

scholarly journals Transformative Sustainable Business Models in the Light of the Digital Imperative—A Global Business Economics Perspective

2018 ◽  
Vol 10 (12) ◽  
pp. 4428 ◽  
Author(s):  
Barbara Brenner
Keyword(s):  
Business Models ◽  
Sustainable Business ◽  
Global Business ◽  
Business Economics ◽  
Sustainable Value ◽  
Value Propositions ◽  
Sustainable Business Models ◽  
The Individual ◽  
The Impact ◽  
Considerable Body

The considerable body of literature on business models, business model innovation, and sustainable business models has yet to fully account for the impact of external dynamics—including the digital imperative—on generating sustainable value propositions. To address this issue, we developed a multifaceted framework of transformative sustainable business models, spanning three levels: the external environment, the organization, and the individual. We drew on the resource-based view and the literature on digitization to explain how organizations can capitalize on dynamic transformative capabilities to generate novel value propositions, based on both reconstructionist logic and shared-value logic. These include elements such as co-creation, usage-based pricing, agility, closed-loop processes, asset sharing, and collaborative business ecosystems.

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