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doi: 10.1007/s11625-011-0132-6, Keywords: management, sustainable development, business school, textbooks, higher education curriculum, sustainability management, corporate sustainability, Citation: Gianni MS (2021) Book Review: Foundations of Sustainable Business: Theory, Function, and Strategy. Google Scholar, 27. PubMed/NCBI This can be seen as originating SBM research since before its publication very few articles refer to SBM. PubMed/NCBI [51], Caldera et al. 4th ed. View Article Boons and Ldeke-Freund [13] focus on the interrelations between the sustainable innovation and business model literatures. Roome N, Louche C. Journeying Toward Business Models for Sustainability A Conceptual Model Found Inside the Black Box of Organisational Transformation. Scholars should analyze both the financial and non-financial forms of value which are created or destroyed, and distributed among stakeholders by SBMs, and the indicators that can measure these forms of value. Similarly, more longitudinal case studies could shed light on dynamics, changes and outcomes [70] while efforts have been made to experiment with how best to understand success and failure of the value proposition related to new business models [19,71]. View Article Google Scholar, 87. Google Scholar, 32. One example of a quantitative study is Rantala et al. Google Scholar, 31. https://doi.org/10.20900/jsr20200022, Vrije Universiteit Amsterdam, de Boelelaan 1105, Amsterdam, The Netherlands. Sci. How circular is the circular economy? For instance, in Chapter 2 there is a letter from the former Ph.D. student to her supervisor asking for advice on a water contamination issue. View Article PubMed/NCBI Long et al. Long Range Plan. PubMed/NCBI Pettinger, R. (2020). Received: 31 March 2021; Accepted: 10 May 2021; Published: 03 June 2021. The sustainability imperative. Heyes G, Sharmina M, Mendoza JMF, Gallego-Schmid A, Azapagic A. Google Scholar, 46. (School of Business and Economics and Centre for Corporate Entrepreneurship and Innovation, https://doi.org/10.1108/IJPPM-12-2020-0653. PubMed/NCBI Google Scholar, 70. 7 Articles, This article is part of the Research Topic, https://doi.org/10.3389/frsus.2021.688943, Creative Commons Attribution License (CC BY). 2018;27(5):631-42. J Clean Prod. Sustainability has undisputedly become a mega-trend in the last decades (Lubin and Esty, 2010; Whelan and Douglas, 2021). 2016;29(1):53-73. Figure2 is a chronological summary of the articles published since 2008. Science. View Article Based on a qualitative content analysis of 104 articles, this review reveals some important findings. The sample includes 71 articles that mention their empirical geographical of focus. The implementation of SBMs needs more research to gain more insights into the mechanisms, process models etc. View Article 2018;172:2759-72. Jinkut and Staniskis [42] develop a new type of SBM: the SUstainable and RESponsible COMpany (SURESCOM) model while Joyce and Paquin [43] develop the triple layer business model canvas tool and describe its key features. Case studies are useful to bridge between theory and practice, and provide insights into the nature of SBMs, their core mechanisms and processes, how they should be managed and their outcomes. View Article https://doi.org/10.20900/jsr20200022, Copyright 2020 Hapres Co., Ltd. Privacy Policy | Terms and Conditions, Creative Commons Attribution 4.0 International License. They combine interviews with site visits to observe the SBM in practice. In this regard, there are two algebraic formulas in the sixth chapter of the book for the risk level and for the magnitude of harm. Drawing on institutional theory, Laasch and Pinkse [78] discuss the enabling and constraining effects of institutional spaces and explain why particular models emerge in specific institutional spaces. University students are the common factor in the equation balancing the objectives of academic institutions and companies. Realising sustainable consumption and production in companies: the SUstainable and RESponsible COMpany (SURESCOM) model. 2008;21(2):103-27. Exploring the prerequisites, contextual factors and ecologies of the transition from a traditional business model to a SBM also deepens the understanding of these models. Finally, Dentchev et al. View Article Bus. Finding 6: Limited knowledge about the outcomes and impact of SBM. [33] emphasize that the neo-classical model should be abandoned and that concern over financial success and profit must be accompanied by a system in which environmental and social responsibility drive economic business models and underpin financial ideals. Therefore, this review systematically takes stock of research on sustainable business models. Joyce A, Paquin RL. A systematic review of sustainable supply chain management in global supply chains. Organiz Environ. PubMed/NCBI Google Scholar, 21. Maxwell SE, Lau MY, Howard GS. [4] offer a categorization of business model innovations which results in SBM archetypes that describe the mechanisms and solutions that can help firms embed sustainability in their business models and Evans et al. View Article Ferreira, J.J., Fernandes, C.I., Veiga, P.M. and Hughes, M. (2022), "Prevailing theoretical approaches predicting sustainable business models: a systematic review", International Journal of Productivity and Performance Management, Vol. Google Scholar, 19. As well as scrutinizing the usual sections on suggestions for future research included at the end of a study, any suggestions for future research included in the main bodies of the studies were extracted. 2003;14(3):207-22. 2018;171:630-43. Also, expanding the empirical focus of studies to more countries and sectors could lead to a more robust understanding of the differences and commonalities of developing and managing SBMs. J Clean Prod. View Article Finally, the food and beverage sector is relevant due largely to the major environmental impacts of growing and producing many food products (e.g., meat) and the high levels of waste in that sector. Reficco E, Gutirrez R, Jan MH, Auletta N. Collaboration mechanisms for sustainable innovation. PubMed/NCBI Business model innovation is key leverage for financial and sustainability performance. In this respect researching scalability can be worthwhile as it is essential to truly advance such models (see e.g., [81]), as can an assessment of practical tools can guide the transition to, and development/management of SBMs? View Article PubMed/NCBI 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. Sustainable business models have become a prominent feature of organizations in their quest towards sustainability. Unlocking the potential of broad, horizontal curricular assessments for ethics, responsibility and sustainability in business and economics higher education. Dawkins E, Andr K, Axelsson K, Benoist L, Swartling AG, Persson A. The Sustainable MBA: A Business Guide to Sustainability, 2nd Edn. Three journals account for 80% of all the publications in the sample, namely Journal of Cleaner Production (70 articles), Organization & Environment (10 articles) and Business Strategy and the Environment (6 articles). Thus, in terms of the empirical focus of SBM research, the interest in Europe is encouraging but the SBM community should widen its empirical focus and research. J Clean Prod. View Article Taken together, the SBM field is fertile ground for another ten years of interesting research to provide theoretically robust and practically relevant answers to societys pressing challenges. PubMed/NCBI View Article Google Scholar, 78. Google Scholar, 72. J Clean Prod. Rauter R, Jonker J, Baumgartner RJ. doi: 10.1080/14783363.2019.1593044. Beyond the purely commercial business model: Organizational value logics and the heterogeneity of sustainability business models. <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.44 841.68] /Contents 4 0 R/Group<>/Tabs/S>> View Article The remainder of the article is structured as follows. 3 0 obj J Bus Ethics. 26, 14731484. PubMed/NCBI 2017;140:144-54. The start year was chosen based on the motivation provided by Stubbs and Cocklins [15] Conceptualizing a Sustainability Business Model. Bocken NMP, Short S, Rana P, Evans S. A value mapping tool for sustainable business modelling. Total Qual. [63] examine six manufacturing firms - from China, the United States and the United Kingdom to validate their uncaptured value framework in the context of for SBM innovation. The current study takes stock of the SBM field through a systematic review of the literature. View Article Which measurement- and control systems need to be in place to support a successful SBM. This study aims to map scientific publications, intellectual structure and research trends in the sustainable business model (SBM) field. PubMed/NCBI View Article Nature. View Article The articles were read, and the categorization matrix was prepared to enable systematic classification of the various aspects of the SBM studies in the sample (Table 1). Google Scholar, 8. View Article [49] examine critical success factors and barriers for the transition to SBMs in the sector, while Gallo et al. A total of 66 studies are based on a qualitative research design (Figure 3). 2019;219:865-78. 2017;26(5):597-608. 2017;147:175-86. View Article Nevertheless, the authors invoke the standards and the guidelines provided by the International Organization for Standardization and the United Nations policies and norms, offering a global perspective to the book. PubMed/NCBI For instance, Long et al. 2020;2(3):e200022. That is, when reflecting on what the articles in this studys sample omitted, i.e., the unsaid, in particular the relatively underexplored theoretical embeddedness of SBM studies becomes apparent. This reviews purposefully broad focus on the emerging SBM field, combined with its systematic methodological rigor builds further on, and extends, the very useful existing reviews that are either more ad-hoc or narrow in their focus on particular sub-domains of the SBM literature, such as SBM archetypes [4], SBM application in various domains and sectors [25] or business model innovation for sustainability [7,50]. Yang et al. As examined above, applying different research designs and adopting a different empirical focus in terms of geography and sector would provide more robust and generalizable insights which would advance both our understanding of SBMs and the practical impact and resonance of SBM research. View Article That is, considering the inherently complex and multi-faceted nature of sustainability and SBMs, requiring collaboration within and across academic disciplines and practice, the success of SBM research to make a meaningful contribution to theory and sustainability hinges on scholars drawing on multi-, inter- and transdisciplinary research to address issues which in principle are interdisciplinary by nature given the complexity of the problems currently faced by our society [5]. New sustainable business models in China. J Adv Nurs. 2005;15(9):1277-88. 2014;4(1):1-10. PubMed/NCBI [62] provide a study of energy efficiency services in the Netherlands. View Article Finally, emphasis is put on the wider system in which a SBM is embedded. Sustainability. @15hdIy%4oB|+tHr8k7f0 */T|*k[fmQs|.T{x^F-FNJiy$":%*G.rD86Z%Q+VI?"hOzx0 h$(@RTM)x n~w-6xC~b'DzN J Clean Prod. Finally, the main dimensions were abstracted through selective coding. Manage. LmV]y\4B(L$ Offering a sense of order in the relatively nascent and fragmented SBM field is an important contribution of this study. Google Scholar, 79. Sustainable business model adoption among S&P 500 firms: A longitudinal content analysis study. J Clean Prod. (2011). In sum, we need to know more about the factors which enable organizations to be prepared for the transition to a SBM. PubMed/NCBI Of these studies, 56 self-identify as case studies with interviews their main source of data, supported sometimes by documents. PubMed/NCBI Second, central to the SBM is an extended notion of value and value creation which questions more traditional conceptualizations of success and value. The authors declare that there is no conflict of interest. 2016;29(1):97-123. 2019;52(3):406-26. View Article Assess. Ann Rev Psychol. In terms of the first objective, the study shows that interest in SBMs has proliferated during the last few years. 2013;45:1-8. Freeman, R. E. (1984). and what are the consequences of these differences for developing and managing SBMs? There is a stream of work which aims for consensus around a definition of SBM [7,8]. The references at the end of each chapter are up-to-date directing to sources of additional information that allows a more detailed analysis in each aspect of the business case for sustainability. J Clean Prod. A narrative based on a well-known relevant case introduces readers to the core theme of each chapter. Rockstrm J, Steffen W, Noone K, Persson A, Chapin III FS, Lambin EF, et al. Google Scholar, 40. Gallo PJ, Antolin-Lopez R, Montiel I. Associative Sustainable Business Models: Cases in the bean-to-bar chocolate industry. Hsieh HF, Shannon SE. 2016;113:426-37. [7] focuses on SBM innovations and bridging the design-implementation gap. The regions referred to include northwest Europe (the United Kingdom, Netherlands, Germany, Belgium Germany and Austria) which is the scope of most of the empirical research (39 times/44%), followed by North America (12 times/14%) and the Nordic countries (11 times/13%). [50] review approaches to business model innovation for a circular economy and/or sustainability, and the review of Geissdoerfer et al. How do SBMs differ across sectors, countries, cultures, regulatory environments, business systems, types of firms (e.g., large vs small; challenger vs. incumbent; private vs. public; profit vs. non-profit etc.) Second, this review shows the importance of context and the value of opening up the black-box of SBMs. PubMed/NCBI On the one hand, the insights gathered in this review about past achievements ideally push scholars to reflect more on their research designs and sectoral and geographical focus of their future work. Organiz Environ. 2011;37(4):1019-42. 2018;174:746-62. [52] and Agositini and Nosella [53]. Stal and Corvellec [73] suggest the need for more quantitative data to complement and support the qualitative results and reveal some of the moderating factors which explain SBM success or failure. doi: 10.1080/02602938.2020.1772718, Vandenbrande, W. W. (2021). J Clean Prod. 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. 2018;170:654-64. Drawing on Elo and Kyngas [56] and Caldera et al. Google Scholar, 44. They include energy, manufacturing and the food and beverage sectors. J Clean Prod. Google Scholar, 14. You may be able to access this content by logging in via your Emerald profile. Finding 2: Dominant empirical focus on the energy, manufacturing and food sectors. Muoz-Torres MJ, Fernndez-Izquierdo MA, Rivera-Lirio JM, Escrig-Olmedo E. Can environmental, social, and governance rating agencies favor business models that promote a more sustainable development? J Clean Prod. J. 48, 39. J Sustain Res. Br J Manag. View Article Google Scholar, 68. An empirical comparison of two peer-to-peer goods-sharing platforms. In sum, the SBM research community is maturing and SBM increasingly can be seen as a diverse and integrated research field in itself [24]. PubMed/NCBI Zollo M, Cennamo C, Neumann K. Beyond what and why: Understanding organizational evolution towards sustainable enterprise models. PubMed/NCBI J Clean Prod. 2014;65:175-84. <> These are discussed below and presented in Table 2 (see RESULTS Section). J clean Prod. 29, 34843494. View Article Eval. To be included in the sample, the core of the article must refer to SBMs, BMfS or BMIfS. Relevant here is recent work by Ldeke-Freund and Dembek in which they examine whether SBM as a field of research and practice should be regarded as a stand-alone field, a sub-field of a broader field or an integrated field. 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. J Clean Prod. ^n \68L(Vh^:-. 2018;182:755-64. <> Opportunities for a stronger theoretical grounding of SBM research do exist though, as it is possible to borrow from a broad array of existing theories and research fields. 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]. View Article J Clean Prod. J Sustain Res. They rightfully argue that an integrated field perspective is most fruitful as SBM studies may borrow and merge the required ingredients from existing fields, linking these in new ways and feeding the resulting experiences back to renew and inspire researchers and practitioners across various fields [24] in order to break existing academic niches and silos and maximise practical impact [24]. 2018;172:4506-13. Overall, the textbook suits well within a modern business curriculum. View Article Finding 3: The empirical focus of SBM scholars is strongly concentrated on northwest Europe and the Nordic countries. Osterwalder A, Pigneur Y. Overall, the SBM literature is burgeoning and is showing the traits of an emerging field [24]. (Centre for Corporate Entrepreneurship and Innovation, Instituto Politcnico de Viseu e Universidade Catlica Portuguesa and. Faculty of Economics and Business Administration, KU Leuven, Belgium. Research so far is mainly explorative with few data points [49]. Google Scholar, 80. Harvard Bus. 2018;174:905-16. Ultimately, the idea here is that organizations can only be truly sustainable if the broader social-economic system of which it is a part is sustainable [34,39].