Research PaperNo Access

Research Centre for Social Welfare, Village, and Connectivity - National Research and Innovation Agency, Indonesia

E-mail Address: dian.prihadyanti@gmail.com

https://doi.org/10.1142/S0219877023500396Cited by:1 (Source: Crossref)

Abstract

Sustainability is becoming an emerging issue since it attempts to fulfill current needs without sacrificing future generations. The role of the private sector is considered necessary in supporting sustainability, including the Sustainable Development Goals (SDGs). Implementation of a sustainable business model (SBM) has the potential to enable support for sustainability. Many business organizations have claimed to produce an SBM, but many have failed or are insufficient to provide sustainability benefits due to complexity. Therefore, available concepts regarding principles in SBM innovation need to be improved to have greater capacity in dealing with complexity. This paper explores principles for SBM innovation and the relationships between the elements based on empirical evidence through a longitudinal case study in a technology-based organization in Indonesia’s agriculture sector. The results show that seven principles, so-called “ecosystem-centric principles,” are a building block to successful SBM innovation. One principle determined the success of the other principles, and as a whole, work simultaneously and systemically in creating SBM innovation. The business model combines several basic SBMs and develops as an accelerator type of business model and, in a particular phase, combines the model with the crisispreneur. Compared to other SBM principles, the ‘ecosystem-centric principles’ is superior to dealing with a complex environment.

Keywords:

References

Baldassarre, B., Calabretta, G., Bocken, N. M. P. and Jaskiewicz, T. (2017). Bridging sustainable business model innovation and user-driven innovation: A process for sustainable value proposition design. Journal of Cleaner Production, 147, 175–186. https://doi.org/10.1016/j.jclepro.2017.01.081 Crossref, Google Scholar
Balland, P. A., Broekel, T., Diodato, D., Giuliani, E., Hausmann, R., O’Clery, N. and Rigby, D. (2022). The new paradigm of economic complexity. Research Policy, 51, 3: 104450. https://doi.org/10.1016/j.respol.2021.104450 Crossref, Google Scholar
Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17, 1: 99–120. Crossref, Google Scholar
Barth, H., Ulvenblad, P., Ulvenblad, P. O. and Hoveskog, M. (2021). Unpacking sustainable business models in the Swedish agricultural sector– The challenges of technological, social and organisational innovation. Journal of Cleaner Production, 304. https://doi.org/10.1016/j.jclepro.2021.127004 Crossref, Google Scholar
Beers, P. J., Baeten, M., Bouwmans, E., van Helvoirt, B., Wesselink, J. and Zanders, R. (2021). Transformative business and sustainability transitions: A framework and an empirical illustration. In Business Models for Sustainability Transitions (pp. 29–58). Springer International Publishing. https://doi.org/10.1007/978-3-030-77580-3_2 Crossref, Google Scholar
Bhatnagar, R., Keskin, D., Kirkels, A., Romme, A. G. L. and Huijben, J. C. C. M. (2022). Design principles for sustainability assessments in the business model innovation process. Journal of Cleaner Production, 377: 134313. https://doi.org/10.1016/j.jclepro.2022.134313 Crossref, Google Scholar
Bigliardi, B. and Filippelli, S. (2021). Investigating circular business model innovation through keywords analysis. Sustainability, 13, 9: 5036. https://doi.org/10.3390/su13095036 Crossref, Google Scholar
Biloslavo, R., Bagnoli, C. and Edgar, D. (2018). An eco-critical perspective on business models: The value triangle as an approach to closing the sustainability gap. Journal of Cleaner Production, 174: 746–762. https://doi.org/10.1016/j.jclepro.2017.10.281 Crossref, Google Scholar
Bock, A. J., Opsahl, T., George, G. and Gann, D. M. (2012). The effects of culture and structure on strategic flexibility during business model innovation. Journal of Management Studies, 49, 2: 279–305. https://doi.org/10.1111/j.1467-6486.2011.01030.x Crossref, Google Scholar
Bocken, N. M.P. and Geradts, T. H. J. (2020). Barriers and drivers to sustainable business model innovation: Organization design and dynamic capabilities. Long Range Planning, 53, 4: 101950. https://doi.org/10.1016/j.lrp.2019.101950 Crossref, Google Scholar
Bocken, N. M. P. and Short, S. W. (2021). Unsustainable business models – Recognising and resolving institutionalised social and environmental harm. Journal of Cleaner Production, 312: 127828. https://doi.org/10.1016/j.jclepro.2021.127828 Crossref, Google Scholar
Bocken, N. M. P., Short, S. W., Rana, P. and Evans, S. (2014). A literature and practice review to develop sustainable business model archetypes. Journal of Cleaner Production, 65: 42–56. https://doi.org/10.1016/j.jclepro.2013.11.039 Crossref, Google Scholar
Boons, F. and Lüdeke-Freund, F. (2013). Business models for sustainable innovation: State-of-the-art and steps towards a research agenda. Journal of Cleaner Production, 45: 9–19. https://doi.org/10.1016/j.jclepro.2012.07.007 Crossref, Google Scholar
Brannon, D. L. and Wiklund, J. (2016). An analysis of business models: Firm characteristics, innovation and performance. Academy of Enterpreneurship Journal, 22, 1: 1–20. Google Scholar
Breuer, H., Fichter, K., Lüdeke-Freund, F. and Tiemann, I. (2018). Sustainability-oriented business model development: principles, criteria and tools. International Journal of Entrepreneurial Venturing, 10, 2: 256–286. Crossref, Google Scholar
Caramihai, S. I. and Dumitrache, I. (2015). Agricultural enterprise as a complex system: A cyber physical systems approach. Proceedings - 2015 20th International Conference on Control Systems and Computer Science, CSCS 2015, 659–664. https://doi.org/10.1109/CSCS.2015.147 Crossref, Google Scholar
Carayannis, E. G., Grigoroudis, E., Sindakis, S. and Walter, C. (2014). Business model innovation as antecedent of sustainable enterprise excellence and resilience. Journal of the Knowledge Economy, 5, 3: 440–463. https://doi.org/10.1007/s13132-014-0206-7 Crossref, Google Scholar
Chen, J., Yin, X. and Mei, L. (2018). Holistic innovation: An emerging innovation paradigm. International Journal of Innovation Studies, 2, 1: 1–13. https://doi.org/10.1016/j.ijis.2018.02.001 Crossref, Google Scholar
Costa Climent, R. and Haftor, D. M. (2021). Value creation through the evolution of business model themes. Journal of Business Research, 122, 2021: 353–361. https://doi.org/10.1016/j.jbusres.2020.09.007 Crossref, Google Scholar
DaSilva, C. M. and Trkman, P. (2014). Business model: What it is and what it is not. Long Range Planning, 47, 379–389. Crossref, Google Scholar
Demil, B., Lecocq, X., Ricart, J. E. and Zott, C. (2015). Introduction to the SEJ special issue on business models: Business models within the domain of strategic entrepreneurship. Strategic Entrepreneurship Journal, 9, 1: 1–11. https://doi.org/10.1002/sej.1194 Crossref, Google Scholar
Desyllas, P., Salter, A. and Alexy, O. (2022). The breadth of business model reconfiguration and firm performance. Strategic Organization, 20, 2: 231–269. https://doi.org/10.1177/1476127020955138 Crossref, Google Scholar
Dikert, K., Paasivaara, M. and Lassenius, C. (2016). Challenges and success factors for large-scale agile transformations: A systematic literature review. Journal of Systems and Software, 119, 87–108. https://doi.org/10.1016/j.jss.2016.06.013 Crossref, Google Scholar
Eisenhardt, K. M. (1989). Building theories from case study research. Academy of Management Review, 14, 4: 532–550. Crossref, Google Scholar
Eisenhardt, K. M. and Martin, J. A. (2000). Dynamic capabilities: What are they? Strategic Management Journal, 21: 1105–1121. Crossref, Google Scholar
Evans, S., Vladimirova, D., Holgado, M., van Fossen, K., Yang, M., Silva, E. A. and Barlow, C. Y. (2017). Business model innovation for sustainability: Towards a unified perspective for creation of sustainable business models. Business Strategy and the Environment, 26, 5: 597–608. https://doi.org/10.1002/bse.1939 Crossref, Google Scholar
Fagbemi, F. (2021). COVID-19 and sustainable development goals (SDGs): An appraisal of the emanating effects in Nigeria. Research in Globalization, 3: 100047. https://doi.org/10.1016/j.resglo.2021.100047 Crossref, Google Scholar
Ferlito, R. and Faraci, R. (2022). Business model innovation for sustainability: A new framework. Innovation and Management Review, 19, 3: 222–236. https://doi.org/10.1108/INMR-07-2021-0125 Crossref, Google Scholar
Freisinger, E., Heidenreich, S., Landau, C. and Spieth, P. (2021). Business model innovation through the lens of time: An empirical study of performance implications across venture life cycles. Schmalenbach Journal of Business Research, 73, 3–4: 339–380. https://doi.org/10.1007/s41471-021-00116-6 Crossref, Google Scholar
Geissdoerfer, M., Pieroni, M. P. P., Pigosso, D. C. A. and Soufani, K. (2020). Circular business models: A review. Journal of Cleaner Production, 277, 123741. https://doi.org/10.1016/j.jclepro.2020.123741 Crossref, Google Scholar
Geissdoerfer, M., Vladimirova, D. and Evans, S. (2018a). Sustainable business model innovation: A review. Journal of Cleaner Production, 198, 401–416. https://doi.org/10.1016/j.jclepro.2018.06.240 Crossref, Google Scholar
Geissdoerfer, M., Morioka, S. N., de Carvalho, M. M. and Evans, S. (2018b). Business models and supply chains for the circular economy. Journal of Cleaner Production, 190, 712–721. https://doi.org/10.1016/j.jclepro.2018.04.159 Crossref, Google Scholar
Geissdoerfer, M., Vladimirova, D., Fossen, K. van and Evans, S. (2018c). Product, service, and business model innovation: A discussion. Procedia Manufacturing, 21, 165–172. https://doi.org/10.1016/j.promfg.2018.02.107 Crossref, Google Scholar
Geraldi, J. G. and Adlbrecht, G. (2007). On faith, fact, and interaction in projects. Project Management Journal, 38, 1: 32–43. https://doi.org/10.1177/875697280703800104 Crossref, Google Scholar
Giesen, E., Berman, S. J., Bell, R. and Blitz, A. (2007). Three ways to successfully innovate your business model. Strategy and Leadership, 35, 6: 27–33. https://doi.org/10.1108/10878570710833732 Crossref, Google Scholar
Goni, F. A., Gholamzadeh Chofreh, A., Estaki Orakani, Z., Klemeš, J. J., Davoudi, M. and Mardani, A. (2021). Sustainable business model: A review and framework development. Clean Technologies and Environmental Policy, 23, 3: 889–897. https://doi.org/10.1007/s10098-020-01886-z Crossref, Google Scholar
Gregor, S., Chandra Kruse, L. and Seidel, S. (2020). Research perspectives: The anatomy of a design principle. Journal of the Association for Information Systems, 21, 6: 1622–1652. https://doi.org/10.17705/1jais.00649 Crossref, Google Scholar
Gregori, P. and Holzmann, P. (2020). Digital sustainable entrepreneurship: A business model perspective on embedding digital technologies for social and environmental value creation. Journal of Cleaner Production, 272, 122817. https://doi.org/10.1016/j.jclepro.2020.122817 Crossref, Google Scholar
Hazen, B. T., Russo, I., Confente, I. and Pellathy, D. (2020). Supply chain management for circular economy: Conceptual framework and research agenda. International Journal of Logistics Management, 32, 2: 510–537. https://doi.org/10.1108/IJLM-12-2019-0332 Google Scholar
He, J. and Ortiz, J. (2021). Sustainable business modeling: The need for innovative design thinking. Journal of Cleaner Production, 298, 126751. https://doi.org/10.1016/j.jclepro.2021.126751 Crossref, Google Scholar
Hernández-Chea, R., Jain, A., Bocken, N. M. P. and Gurtoo, A. (2021). The business model in sustainability transitions: A conceptualization. Sustainability, 13, 11: 5763. https://doi.org/10.3390/su13115763 Crossref, Google Scholar
Higgins, K. L. (2015). The secret’s in the overlap: Sustainability as an integrated system. In Economic Growth and Sustainability (pp. 1–11). Elsevier. https://doi.org/10.1016/b978-0-12-802204-7.00001-3 Crossref, Google Scholar
Hill, H. (2021). What’s happened to poverty and inequality in indonesia over half a century? Asian Development Review, 38, 1: 68–97. https://doi.org/10.1162/adev_a_00158 Link, Google Scholar
Ignaciuk, A., Ilicic, J., Asprooth, L., Sitko, N. J., Bernard, A., Maggio, G., Tubiello, F. N. and Mueller, M. (2021). Progress towards sustainable agriculture – Drivers of change. FAO Agricultural Development Economics Technical Study No. 13. Rome, FAO. https://doi.org/10.4060/cb7896en. Google Scholar
Ireland, R. D. and Miller, C. C. (1993). Decision-making and firm success, Academy of Management Executive (1993-2005), 18, 4: 8–12. Google Scholar
Jäger, J., Kluth, A., Schatz, A. and Bauernhansl, T. (2014). Complexity patterns in the advanced complexity management of value networks. Procedia CIRP, 17, 645–650. https://doi.org/10.1016/j.procir.2014.01.070 Crossref, Google Scholar
Jørgensen, S. and Pedersen, L. J. T. (2018). RESTART Sustainable Business Model Innovation. Palgrave Studies in Sustainable Business In Association with Future Earth. Palgrave Macmillan, Switzerland. Crossref, Google Scholar
Karplus, V. J., Geissmann, T. and Zhang, D. (2021). Institutional complexity, management practices, and firm productivity. World Development, 142, 105386. https://doi.org/10.1016/j.worlddev.2020.105386 Crossref, Google Scholar
Kiger, M. E. and Varpio, L. (2020). Thematic analysis of qualitative data: AMEE Guide No. 131. Medical Teacher, 42, 8: 846–854. https://doi.org/10.1080/0142159X.2020.1755030 Crossref, Google Scholar
Kingwell, R. (2011). Managing complexity in modern farming. Australian Journal of Agricultural and Resource Economics, 55, 1: 12–34. https://doi.org/10.1111/j.1467-8489.2010.00528.x Crossref, Google Scholar
Kling, C.L. and Mackie, C. (Eds). (2019). Improving Data Collection and Measurement of Complex Farms. Washington, DC: The National Academies Press. https://doi.org/10.17226/25260 Crossref, Google Scholar
Kronblad, C. and Envall Pregmark, J. (2021). Responding to the COVID-19 crisis: The rapid turn toward digital business models. Journal of Science and Technology Policy Management. https://doi.org/10.1108/JSTPM-10-2020-0155 Crossref, Google Scholar
Kuratko, D. F. and Audretsch, D. B. (2009). Strategic entrepreneurship: Exploring different perspectives of an emerging concept. Entrepreneurship Theory and Practice, 33, 1: 1–17. https://doi.org/10.1111/j.1540-6520.2008.00278.x Crossref, Google Scholar
Latifi, M. A., Nikou, S. and Bouwman, H. (2021). Business model innovation and firm performance: Exploring causal mechanisms in SMEs. Technovation, 107, 102274. https://doi.org/10.1016/j.technovation.2021.102274 Crossref, Google Scholar
Lazar, J., Feng, J. H. and Hochheiser, H. (2017). Case studies. In Research Methods in Human Computer Interaction (pp. 153–185). Elsevier. https://doi.org/10.1016/b978-0-12-805390-4.00007-8 Crossref, Google Scholar
Lentenbrink, L. (2017). The Impact of Adaptive Leadership Capacity on Complex Organizational Health Systems Outcomes. Walden Dissertations and Doctoral Studies. 3619. Retrieved from https://scholarworks.waldenu.edu/dissertations/3619. Google Scholar
Lüdeke-Freund, F., Carroux, S., Joyce, A., Massa, L. and Breuer, H. (2018). The sustainable business model pattern taxonomy—45 patterns to support sustainability-oriented business model innovation. Sustainable Production and Consumption, 15, 145–162. https://doi.org/10.1016/j.spc.2018.06.004 Crossref, Google Scholar
Lüdeke-Freund, F. and Dembek, K. (2017). Sustainable business model research and practice: Emerging field or passing fancy? Journal of Cleaner Production, 168, 1668–1678. https://doi.org/10.1016/j.jclepro.2017.08.093 Crossref, Google Scholar
Markard, J., Raven, R. and Truffer, B. (2012). Sustainability transitions: An emerging field of research and its prospects. Research Policy, 41, 6: 955–967. https://doi.org/10.1016/j.respol.2012.02.013 Crossref, Google Scholar
Mintzberg, H. and Mchugh, A. (1985). Strategy formation in an adhocracy. Administrative Science Quarterly, 30, 2: 160–197. https://doi.org/10.2307/2393104 Crossref, Google Scholar
Moradi, S., Jafari, S. M., Doorbash, Z. M. and Mirzaei, A. (2021). Impact of organizational inertia on business model innovation, open innovation and corporate performance. Asia Pacific Management Review, 26, 171e179. https://doi.org/10.1016/j.apmrv.2021.01 Crossref, Google Scholar
Morioka, S. N., Evans, S. and Carvalho, M. M. de. (2016). Sustainable business model innovation: Exploring evidences in sustainability reporting. Procedia CIRP, 40, 659–667. https://doi.org/10.1016/j.procir.2016.01.151 Crossref, Google Scholar
Mota, R. and Oliveira, J. F. (2013). Combining innovation and sustainability: An educational paradigm for human development on earth. Brazilian Journal of Science and Technology, 1, 2: 1–12. Google Scholar
Mota, R. and Scott, D. (2014). Innovation. In Education for Innovation and Independent Learning (pp. 21–40). Elsevier. https://doi.org/10.1016/B978-0-12-800847-8.00003-X Crossref, Google Scholar
Mukoro, V., Sharmina, M. and Gallego-Schmid, A. (2022). A review of business models for access to affordable and clean energy in Africa: Do they deliver social, economic, and environmental value? In Energy Research and Social Science (Vol. 88). Elsevier Ltd. https://doi.org/10.1016/j.erss.2022.102530 Crossref, Google Scholar
Novira, N., Pulungan, N. A. J., Maxriz, J., Lubis, D. P. and Pinem, M. (2022). The underlying causes of poverty among rice farmers in Indonesia. IOP Conference Series: Earth and Environmental Science, 1005, 012026. https://doi.org/10.1088/1755-1315/1005/1/012026 Crossref, Google Scholar
Perkmann, M. and Spicer, A. (2010). What are business models? Developing a theory of performative representations. In Phillips, N., Sewell, G. and Griffiths, D. (Ed.s) Technology and Organization: Essays in Honour of Joan Woodward (Research in the Sociology of Organizations, Vol. 29), Emerald Group Publishing Limited, Bingley, pp. 265–275. https://doi.org/10.1108/S0733-558X(2010)0000029020 Crossref, Google Scholar
Rashed, A. H. and Shah, A. (2021). The role of private sector in the implementation of sustainable development goals. Environment, Development and Sustainability, 23, 2931–2948. Crossref, Google Scholar
Richardson, J. (2008). The business model: An integrative framework for strategy execution. Strategic Change, 17, 5–6: 133–144. https://doi.org/10.1002/jsc.821 Crossref, Google Scholar
Ruggiero, S., Kangas, H. L., Annala, S. and Lazarevic, D. (2021). Business model innovation in demand response firms: Beyond the niche-regime dichotomy. Environmental Innovation and Societal Transitions, 39, 1–17. https://doi.org/10.1016/j.eist.2021.02.002 Crossref, Google Scholar
Santa- Maria, T., Vermeulen, W. J. V. and Baumgartner, R. J. (2021). Framing and assessing the emergent field of business model innovation for the circular economy: A combined literature review and multiple case study approach. Sustainable Production and Consumption, 26, 872–891. https://doi.org/10.1016/j.spc.2020.12.037 Crossref, Google Scholar
Scheyvens, R., Banks, G. and Hughes, E. (2016). The private sector and the SDGs: The need to move beyond ‘Business as Usual’. Sustainable Development, 24, 6: 371–382. Crossref, Google Scholar
Schoormann, T., Stadtländer, M. and Knackstedt, R. (2022). Designing business model development tools for sustainability—A design science study. Electronic Markets, 32, 2: 645–667. https://doi.org/10.1007/s12525-021-00466-3 Crossref, Google Scholar
Sinkovics, N., Gunaratne, D., Sinkovics, R. R. and Molina-Castillo, F. J. (2021). Sustainable business model innovation: An umbrella review. Sustainability, 13, 13: 7266. https://doi.org/10.3390/su13137266 Crossref, Google Scholar
Snihur, Y. and Bocken, N. (2022). A call for action: The impact of business model innovation on business ecosystems, society and planet. Long Range Planning, 55, 6: 102182. https://doi.org/10.1016/j.lrp.2022.102182 Crossref, Google Scholar
Spencer, J. E. and Stewart, N. R. (1973). The Nature of Agricultural Systems, 63, 4: 529–544. Google Scholar
Strotmann, C., Baur, V., Börnert, N. and Gerwin, P. (2022). Generation and prevention of food waste in the German food service sector in the COVID-19 pandemic – Digital approaches to encounter the pandemic related crisis. Socio-Economic Planning Sciences, 82(Part A), 101104. https://doi.org/10.1016/j.seps.2021.101104 Crossref, Google Scholar
Swain, J. , (2018). A hybrid approach to thematic analysis in qualitative research: Using a practical example. In Sage Research Methods Cases Part 2. SAGE Publications, Ltd. https://doi.org/10.4135/9781526435477 Crossref, Google Scholar
Talukder, B., Blay-Palmer, A., vanLoon, G. W. and Hipel, K. W. (2020). Towards complexity of agricultural sustainability assessment: Main issues and concerns. Environmental and Sustainability Indicators, 6, 100038. https://doi.org/10.1016/j.indic.2020.100038 Crossref, Google Scholar
Tate, R. L., Perdices, M., Rosenkoetter, U., Shadish, W., Vohra, S., Barlow, D. H., Horner, R., Kazdin, A., Kratochwill, T., McDonald, S., Sampson, M., Shamseer, L., Togher, L., Albin, R., Backman, C., Douglas, J., Evans, J. J., Gast, D., Manolov, R. , … Wilson, B. (2016). The Single-Case Reporting guideline In BEhavioural interventions (SCRIBE) 2016 statement. Journal of School Psychology, 56, 133–142. https://doi.org/10.1016/j.jsp.2016.04.001 Crossref, Google Scholar
Teece, D. J. (2010). Business models, business strategy and innovation. Long Range Planning, 43, 2–3: 172–194. https://doi.org/10.1016/j.lrp.2009.07.003 Crossref, Google Scholar
Teece, D. J. (2018). Business models and dynamic capabilities. Long Range Planning, 51, 1: 40–49. https://doi.org/10.1016/j.lrp.2017.06.007 Crossref, Google Scholar
Teece, D. J., Pisano, G. and Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18, 7: 509–533. Crossref, Google Scholar
United Nations. (1987). Our common future. Report of the World Commission on Environment and Development. United Nations. Google Scholar
Veit, D., Clemons, E., Benlian, A., Buxmann, P., Hess, T., Kundisch, D., Leimeister, J. M., Loos, P. and Spann, M. (2014). Business models: An information systems research agenda. Business and Information Systems Engineering, 6, 1: 45–53. https://doi.org/10.1007/s12599-013-0308-y Crossref, Google Scholar
Venturelli, A., Caputo, A., Pizzi, S. and Valenza, G. (2022). A dynamic framework for sustainable open innovation in the food industry. British Food Journal, 124, 6: 1895–1911. https://doi.org/10.1108/BFJ-03-2021-0293 Crossref, Google Scholar
Voelpel, S., Leibold, M., Tekie, E. and von Krogh, G. (2005). Escaping the red queen effect in competitive strategy: Sense-testing business models. European Management Journal, 23, 1: 37–49. https://doi.org/10.1016/j.emj.2004.12.008 Crossref, Google Scholar
Watkins, M. D. (2009). Picking the right transition strategy. Harvard Business Review. Retrieved from https://hbr.org/2009/01/picking-the-right-transition-strategy. Google Scholar
Wernerfelt, B. (1984). A Resource-Based View of the Firm. Strategic Management Journal, 5, 2: 171–180. Crossref, Google Scholar
World Bank (2020). No one left behind, Rural poverty in Indonesia. Indonesia Rural Poverty Study. World Bank. Google Scholar
Zott, C. and Amit, R. (2010). Business model design: An activity system perspective. Long Range Planning, 43(2–3), 216–226. https://doi.org/10.1016/j.lrp.2009.07.004 Crossref, Google Scholar

Vol. 20, No. 06

Metrics

Downloaded 294 times

History

Received 16 May 2022

Revised 27 March 2023

Accepted 19 April 2023

Published: 26 June 2023

Keywords

PDF download

Sustainable business model innovation within a complex environment

What is it about?

This article proposes seven principles, termed 'ecosystem-centric principles', considered superior for creating a building block to achieve a successful sustainable business model innovation. The principles are interrelated, and as a whole, work simultaneously and systemically in creating an SBM innovation.