Next Article in Journal
Early Forecasting of Rice Blast Disease Using Long Short-Term Memory Recurrent Neural Networks
Next Article in Special Issue
Regional Variations of Credits Obtained by LEED 2009 Certified Green Buildings—A Country Level Analysis
Previous Article in Journal
Exploring Farmers’ Pro-Ecological Intentions after Ecological Rehabilitation in a Fragile Environment Area: A Structural Equation Modeling Approach
Previous Article in Special Issue
Investigating How the Rents of Small Urban Houses are Determined: Using Spatial Hedonic Modeling for Urban Residential Housing in Seoul
Article Menu
Issue 1 (January) cover image

Export Article

Open AccessArticle
Sustainability 2018, 10(1), 33; https://doi.org/10.3390/su10010033

Critical Factors Influencing Business Model Innovation for Sustainable Buildings

1
Department of Building, National University of Singapore, 4 Architecture Drive, Singapore 117566, Singapore
2
School of Civil Engineering, Southeast University, Si Pai Lou, Nanjing 210096, China
*
Author to whom correspondence should be addressed.
Received: 2 December 2017 / Revised: 18 December 2017 / Accepted: 19 December 2017 / Published: 23 December 2017
Full-Text   |   PDF [951 KB, uploaded 24 December 2017]   |  

Abstract

Despite significant policy drives, the wide adoption of sustainable building (SB) is hindered by factors such as high upfront cost and long payback period. Business model (BM) innovation is therefore highly demanded to help SB professionals to cope with the challenges and convert the value of SB into profit. Nevertheless, few studies examined BM innovation in the building sector and factors influencing BM innovation for SB are unclear. This paper aims to identify the critical factors that propel companies to innovate BM for SB. First, a literature review and expert interviews were conducted to identify and filter the drivers for BM innovation within the SB context. Second, a questionnaire survey was conducted to collect data on the significance of the selected influencing factors from 132 SB professionals. Finally, a model based on fuzzy set theory was used to ascertain the critical factors influencing BM innovation for SB. Twenty-four critical influencing factors in six categories from the external environment and internal organization were finalized, namely, market and economic, policy and legislation, technology and industry structure, social-culture, entrepreneurship, and organizational learning. The findings illuminate the motivations when developing BM for sustainability and provide strategies on BM innovation for practitioners and policy makers. View Full-Text
Keywords: business model; innovation; sustainable building; influencing factor; entrepreneurship; fuzzy set theory business model; innovation; sustainable building; influencing factor; entrepreneurship; fuzzy set theory
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).
SciFeed

Share & Cite This Article

MDPI and ACS Style

Zhao, X.; Chang, T.; Hwang, B.-G.; Deng, X. Critical Factors Influencing Business Model Innovation for Sustainable Buildings. Sustainability 2018, 10, 33.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top