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Towards Sustainable Innovative Business Models

Sustainability, 2021-06, Vol.13 (11), p.5804 [Peer Reviewed Journal]

2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2071-1050 ;EISSN: 2071-1050 ;DOI: 10.3390/su13115804

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  • Title:
    Towards Sustainable Innovative Business Models
  • Author: López-Nicolás, Carolina ; Ruiz-Nicolás, Jesús ; Mateo-Ortuño, Enrique
  • Subjects: Business models ; Competition ; Competitive advantage ; Economic models ; Environmental impact ; Family owned businesses ; Innovations ; Pattern matching ; Qualitative analysis ; Social factors ; Strategic management ; Sustainability ; Sustainable development ; Value creation
  • Is Part Of: Sustainability, 2021-06, Vol.13 (11), p.5804
  • Description: This paper addresses two research questions: (1) How do firms innovate their business models to deal with the economic, environmental and social aspects of sustainability, and their interconnections? (2) How do managers design the process toward more sustainable innovative business models? Starting from the triple-layered canvas as a theoretical framework, a pattern matching technique is used to compare that theoretical pattern to the empirical pattern observed. The study is based on qualitative methods and data from a Spanish company in the wine sector. The findings indicate that the triple-layered canvas is applicable and useful for micro firms, although the process to design sustainable innovative business models might be even more important. A new theoretical model is inferred and proposed to incorporate the perspective of the process of the business model innovations for sustainability, and to add several relevant aspects to make the process more successful. Besides this, non-family firms introducing sustainable business model innovations in their economic, ecological, and social aspects move closer to family firms’ distinctive behavior. Finally, the implications and future lines of research are summarized.
  • Publisher: Basel: MDPI AG
  • Language: English
  • Identifier: ISSN: 2071-1050
    EISSN: 2071-1050
    DOI: 10.3390/su13115804
  • Source: Geneva Foundation Free Medical Journals at publisher websites
    AUTh Library subscriptions: ProQuest Central
    Coronavirus Research Database
    ROAD: Directory of Open Access Scholarly Resources
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