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View Article More work is needed also to identify the strategies, tactics and mechanisms related to changing towards and managing SBMs [18,22,23,34,52]. Laasch O. Following this, there was discussion about the selection, especially in cases where there were some doubts or where opinions differed about inclusion or exclusion in the research. Hahn R, Spieth P, Ince I. Rantala T, Ukko J, Saunila M, Havukainen J. Google Scholar, 46. Biloslavo R, Bagnoli C, Edgar D. An eco-critical perspective on business models: The value triangle as an approach to closing the sustainability gap. % Google Scholar, 72. J Clean Prod. That is, many SBM studies remain more descriptive and phenomenon-based and seem to lack a broader theoretical underpinning or contribution (see also [5]). View Article Google Scholar, 79. There is another stream of work which examines how SBMs can be developed and how firms can navigate the process of implementing and managing them. J Clean Prod. Following Zott et al.s [12] seminal business model review, the online literature database EBSCO Business Source Complete was used to collect articles. View Article View Article Bus. The journal quality was assessed (judged on the 5-year impact factor, Google Scholar H5-index; SCImago Journal Rank/SJR indicator and position in SJR quartiles) and consistently high quality journals selected, resulting in a sample of 195 articles. The study is underpinned by two broad initial research questions, made more specific by various sub-questions. Massa L, Tucci CL, Afuah A. doi: 10.1016/j.jclepro.2013.03.034. Ann Rev Psychol. Business models for sustainable biofuel transport: the potential for intermodal transport. Harvard Bus. Google Scholar, 75. Figure2 is a chronological summary of the articles published since 2008. Academics, on the one side, aim to convey knowledge and cultivate skills while companies seek for trained and skilled executives. Finding 3: The empirical focus of SBM scholars is strongly concentrated on northwest Europe and the Nordic countries. doi: 10.1080/14783363.2019.1588724. Current sustainability problems force organizations to abandon business as usual and adopt a more expansive and potentially non-monetary value form. Google Scholar, 57. J Clean Prod. The learning objectives, stated at the beginning of each chapter, are concise and pertinent to the addressed topics. View Article );X.|]G$#AXnX/OgF{aE`+\BZ Rxf\eb8-U od|, 2017;168:1668-78. Sustainability has undisputedly become a mega-trend in the last decades (Lubin and Esty, 2010; Whelan and Douglas, 2021). View Article This needs a focus on one of the definitional pillars of a SBM, namely the wider system in which the model is embedded (see Section Defining a Sustainable Business Model). PubMed/NCBI 29, 34843494. PubMed/NCBI J Clean Prod. Stough, T., Ceulemans, K., and Cappuyns, V. (2021). Prieto-Sandoval, V., Jaca, C., Santos, J., Baumgartner, R. J., and Ormazabal, M. (2019). PubMed/NCBI The author would like to thank the reviewers for their valuable contribution to the impovement of this book review. In conclusion, the book is an excellent roadmap for beginners, whether undergraduate or postgraduate students, who look for a wide-scope coverage of the sustainability topic. Long et al. For instance, Long et al. J Clean Prod. 2013;45:9-19. PubMed/NCBI J Clean Prod. J Clean Prod. J Clean Prod. Springer. Total Qual. Faculty of Economics and Business Administration, KU Leuven, Belgium. 26, 14731484. Excellence. In this paper the term sustainable business model (SBM) is used). Piscicelli L, Ludden GDS, Cooper T. What makes a sustainable business model successful? View Article Google Scholar, 86. Debates over the definition of SBMs are ongoing [8] and rather than offering our own definition we briefly discuss some of SBMs central aspects that have been identified [15,28], and that in fact contain striking similarities with the definitions used by most articles in this studys sample. Sustainable business models: A review. PubMed/NCBI Isaksson, R. (2021). 2019;208:1498-512. What has been the geographical focus of SBM studies? PubMed/NCBI [31] suggest a focus on both case studies and large scale surveys in other industries and countries to test these differences. 2018;178:76-88. Bidmon CM, Knab SF. PubMed/NCBI Also, integration of a comprehensive life cycle sustainability assessment into a SBM will be required to assess the impact of the SBM from a triple bottom line perspective [89]. Respons. Roome N, Louche C. Journeying Toward Business Models for Sustainability A Conceptual Model Found Inside the Black Box of Organisational Transformation. In this context, we need to consider value destruction and its mitigation [32,3436]. Google Scholar, 36. Google Scholar, 2. J Clean Prod. This database includes more than 1300 business journals and is one of the most complete sources in the business studies field [12]. A deeper understanding is needed about how companies need to evolve and what they need to do to create value in addition to monetary value. Google Scholar, 85. Google Scholar, 16. Upward A, Jones P. An Ontology for Strongly Sustainable Business Models Defining an Enterprise Framework Compatible With Natural and Social Science. Ribeiro I, Sobral P, Peas P, Henriques E. A sustainable business model to fight food waste. View Article View Article PubMed/NCBI 2017;26(5):597-608. For instance, Flodn and Williamsson [60] map business models for the transport of biofuel in Sweden and offer suggestions about how these models could be applied to intermodal transport. Overall, this study contributes to the literature by offering a reflection on the focus, and blind spots, of the SBM community to date, and proposes concrete directions for future research to provide a comprehensive and forward looking SBM research agenda that has theoretical and practical impact. 2014;344(6186):838-43. Moreover, which conceptual models and underlying mechanisms help to better understand the development, implementation and management of SBMs? The start year was chosen based on the motivation provided by Stubbs and Cocklins [15] Conceptualizing a Sustainability Business Model. Bocken NMP, Short SW, Rana P, Evans S. A literature and practice review to develop sustainable business model archetypes. These formulas may mislead the inexperienced reader to perceive risk quantification as a simple procedure. 2019;11(6):1663. 2018;190:712-21. 2018;27(5):631-42. Google Scholar, 49. @15hdIy%4oB|+tHr8k7f0 */T|*k[fmQs|.T{x^F-FNJiy$":%*G.rD86Z%Q+VI?"hOzx0 h$(@RTM)x n~w-6xC~b'DzN They are valuable and there are no fundamental objections to a qualitative research design and case studies. View Article Google Scholar, 53. As implied by their headlines, all the chapters of the book highlight the common subsets between key parts of a business administration curriculum with sustainability issues. Reficco E, Gutirrez R, Jan MH, Auletta N. Collaboration mechanisms for sustainable innovation. 2016;29(3):264-89. Google Scholar, 55. J Clean Prod. endobj You may be able to access teaching notes by logging in via your Emerald profile. stream The focus was on articles published in high quality scholarly journals examining SBMs. View Article While it provides evidence of a proliferation of SBM studies in terms of output, it also shows a persistent emphasis on qualitative work which draws primarily on illustrative case studies. View Article However, research suggests that many business model innovations fail. View Article Google Scholar, 83. PubMed/NCBI 2009;461(7263):472-5. View Article PubMed/NCBI This includes which factors need to be in place to allow the transition to a SBM, and which institutional, political, cultural and organizational settings favor SBMs [5,34,47,76]. Based on a qualitative content analysis of 104 articles, this review reveals some important findings. 2018;177:262-75. Organiz Environ. PubMed/NCBI PubMed/NCBI [7] focuses on SBM innovations and bridging the design-implementation gap. Corp Soc Resp Env Manag. Google Scholar, 80. J Clean Prod. Scholars increasingly are recognizing that solutions to the current sustainability challenges require a fundamental overhaul of both business objectives and how business is conducted [4,5]. PubMed/NCBI The role of finance and accounting in sustainability metrics is discussed in the fifth chapter. We use cookies to help provide and enhance our service and tailor content and ads. Organiz Environ. Second, while the first contribution is clearly one that breathes positive encouragement, the second contribution this study seeks to make is more critical and contains a message of caution and concern. Geissdoerfer M, Morioka SN, de Carvalho MM, Evans S. Business models and supply chains for the circular economy. For example, Biloslavo et al. Google Scholar, 42. 2018;172:46-55. Higher Educ. [38] look at distributed energy ecosystems; Gaulthier and Gilomen [44] examine energy efficiency in urban districts; and Tolkamp et al. First, the research questions are formulated (see previous sections). 2017;140:189-204. Google Scholar, 29. A Book Review on Foundations of Sustainable Business: Theory, Function, and Strategy, Nada R. Sanders, John D. Wood (Wiley Global Education US), 2019, 2nd Edition, 352 pages, ISBN: 978-1-119-57755-3. We further applied hierarchical cluster analysis to the articles and used co-citation analysis to group the interrelated articles into distinct sets. Business model generation: a handbook for visionaries, game changers, and challengers. PubMed/NCBI Rotondo F, Corsi K, Giovanelli L. The social side of sustainable business models: An explorative analysis of the low-cost airline industry. J Clean Prod. However, sometimes the reader feels that the legislation on companies' sustainable operations is US-focused. Three approaches to qualitative content analysis. <> PubMed/NCBI PubMed/NCBI Barreiro-Gen, M., and Lozano, R. (2020). Google Scholar, 14. View Article Going ones own way: drivers in developing business models for sustainability. Google Scholar, 39. This selection process was conducted with help of three research assistants, to resolve single coding issues. J Sustain Res. PubMed/NCBI Finding 2: Dominant empirical focus on the energy, manufacturing and food sectors. J Clean Prod. For instance, Abdelkafi and Tauscher [34] call for a better understanding of the mechanisms by which the environmental value proposition, value to customer and captured value can reinforce each other, Khmara and Kronenberg [80] highlight the urgent need to study transition pathways from the current growth centered economic system to a sustainable degrowth one while Rauter et al. Google Scholar, 69. Bocken NMP, Short S, Rana P, Evans S. A value mapping tool for sustainable business modelling. Central, here, is the creation of value through the integration of economic prosperity, environmental integrity and social equity among society at large, rather than prioritization of organizational profit [9,1315]. Such systematic empirical analysis of the paths travelled so far and the new roads yet to be explored allows SBM scholars to have a clear view of the field and offers suggestions about the SBM research program. Geissdoerfer M, Vladimirova D, Evans S. Sustainable business model innovation: A review. View Article ^n \68L(Vh^:-. A systematic review of sustainable supply chain management in global supply chains. View Article Leisen R, Steffen B, Weber C. Regulatory risk and the resilience of new sustainable business models in the energy sector. Embracing the variety of sustainable business models: A prolific field of research and a future research agenda. 2018;27(8):1159-66. Business models, business strategy and innovation. Science. J Clean Prod. Perey R, Benn S, Agarwal R, Edwards M. The place of waste: Changing business value for the circular economy.