Publication detail

Sustainable business model: A review and framework development

Goni, F.A., Chofreh, A.G., Orakani, Z.E., Klemeš, J.J., Davoudi, M., Mardani, A.

Original Title

Sustainable business model: A review and framework development

Type

journal article in Web of Science

Language

English

Original Abstract

Integrating sustainability into business functions of organisations is a challenge faced by practitioners. They need to understand what aspects must be considered to achieve effective sustainability implementation. Few studies review current sustainable business models and reveal essential aspects that must be possessed by these models. This study aims to discuss the available sustainable business models and identify the main features of the models. Conceptual research is applied in this study to synthesise the current sustainable business models in the literature. The study reveals nine main aspects to consider, including sustainability, information technology, circular economy, value chain, core values, value creation, organisational values, performance management, and stakeholder engagement. The proposed framework would help the practitioners to capture important aspects of the sustainability implementation. These aspects would guide them to effectively embed sustainability into an organisation's business functions and fulfil stakeholder expectations. Graphic

Keywords

Sustainability; Business model; Circular economy; Framework development; Concept

Authors

Goni, F.A., Chofreh, A.G., Orakani, Z.E., Klemeš, J.J., Davoudi, M., Mardani, A.

Released

11. 7. 2020

Publisher

SPRINGER, ONE NEW YORK PLAZA, SUITE 4600, NEW YORK, NY, UNITED STATES

Location

SPRINGER, ONE NEW YORK PLAZA, SUITE 4600, NEW YORK, NY, UNITED STATES

ISBN

1618-954X

Periodical

Clean Technologies and Environmental Policy

Number

1

State

United States of America

Pages from

1

Pages to

9

Pages count

9

URL

https://link.springer.com/article/10.1007/s10098-020-01886-z

BibTex

@article{BUT169554,
  author="Feybi Ariani {Goni} and Jiří {Klemeš} and Abdoulmohammad {Gholamzadeh Chofreh}",
  title="Sustainable business model: A review and framework development",
  journal="Clean Technologies and Environmental Policy",
  year="2020",
  number="1",
  pages="1--9",
  doi="10.1007/s10098-020-01886-z",
  issn="1618-954X",
  url="https://link.springer.com/article/10.1007/s10098-020-01886-z"
}