Transformative Sustainable Business Models in the Light of the Digital Imperative—A Global Business Economics Perspective
Department for Management and Economics, Danube University Krems, 3500 Krems an der Donau, Austria
Sustainability 2018, 10(12), 4428; https://doi.org/10.3390/su10124428
Received: 14 October 2018
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Revised: 20 November 2018
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Accepted: 21 November 2018
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Published: 27 November 2018
(This article belongs to the Special Issue Sustainability and Digital Environment)
The considerable body of literature on business models, business model innovation, and sustainable business models has yet to fully account for the impact of external dynamics—including the digital imperative—on generating sustainable value propositions. To address this issue, we developed a multifaceted framework of transformative sustainable business models, spanning three levels: the external environment, the organization, and the individual. We drew on the resource-based view and the literature on digitization to explain how organizations can capitalize on dynamic transformative capabilities to generate novel value propositions, based on both reconstructionist logic and shared-value logic. These include elements such as co-creation, usage-based pricing, agility, closed-loop processes, asset sharing, and collaborative business ecosystems.
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Keywords:
business model; shared-value; sustainable; digitization; Industry 4.0; innovation management; dynamic capabilities; transformation management; resource-based view; open-innovation; co-creation
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MDPI and ACS Style
Brenner, B. Transformative Sustainable Business Models in the Light of the Digital Imperative—A Global Business Economics Perspective. Sustainability 2018, 10, 4428. https://doi.org/10.3390/su10124428
AMA Style
Brenner B. Transformative Sustainable Business Models in the Light of the Digital Imperative—A Global Business Economics Perspective. Sustainability. 2018; 10(12):4428. https://doi.org/10.3390/su10124428
Chicago/Turabian StyleBrenner, Barbara. 2018. "Transformative Sustainable Business Models in the Light of the Digital Imperative—A Global Business Economics Perspective" Sustainability 10, no. 12: 4428. https://doi.org/10.3390/su10124428
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