IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i5p2939-d763005.html
   My bibliography  Save this article

Towards Systematic Sustainable Business Model Innovation: What Can We Learn from Business Model Innovation

Author

Listed:
  • Vinicius Minatogawa

    (Escuela de Ingeniería de Construcción y Transporte, Pontificia Universidad Católica de Valparaíso, Valparaíso 2340000, Chile)

  • Matheus Franco

    (Geosciences Institute, Department of Science and Technology Policy, University of Campinas, Campinas 13083-855, SP, Brazil)

  • Izabela Simon Rampasso

    (Departamento de Ingeniería Industrial, Universidad Católica del Norte, Antofagasta 1270709, Chile)

  • Maria Holgado

    (Department of Management, University of Sussex, Brighton BN1 9RH, UK)

  • Diego Garrido

    (School of Industrial Engineering, Pontificia Universidad Católica de Valparaíso, Valparaíso 2362807, Chile)

  • Hernan Pinto

    (Escuela de Ingeniería de Construcción y Transporte, Pontificia Universidad Católica de Valparaíso, Valparaíso 2340000, Chile)

  • Ruy Quadros

    (Geosciences Institute, Department of Science and Technology Policy, University of Campinas, Campinas 13083-855, SP, Brazil)

Abstract

This research aims to understand how sustainable business model innovation (SBMI) can learn from business model innovation. For this, first, we conducted a bibliometric analysis to evaluate the relationships between business model innovation and SBMI literature. After this, we performed a systematic literature review to create a comprehensive framework for managing SBMI. The bibliometric analysis showed that the SBMI stream grew quickly and significantly in recent years, evolving into a separated new research stream, which does not leverage recent business model innovation advancements. Through the performed analyses, we were able to discuss critical gaps in the SBMI literature and shed light on possible pathways to solve these gaps through lessons learned from business model innovation. We depicted five critical gaps for managing SBMI; (1) the need to understand the sustainable business model as a wicked problem, in which SBMI leads to “better than before” solutions calling for systematic SBMI, (2) the poor definition of distinctive dimensions of dynamic capabilities for SBMI, (3) the lack of studies exploring the role of open innovation for improving the SBMI process, (4) the lack of tools supporting SBMI implementation and (5) the need to explore game-changing, competitive advantages of SBMI. The findings of this study contribute to guiding future research on SBMI, which can be a basis for further efforts towards sustainable development.

Suggested Citation

  • Vinicius Minatogawa & Matheus Franco & Izabela Simon Rampasso & Maria Holgado & Diego Garrido & Hernan Pinto & Ruy Quadros, 2022. "Towards Systematic Sustainable Business Model Innovation: What Can We Learn from Business Model Innovation," Sustainability, MDPI, vol. 14(5), pages 1-35, March.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:5:p:2939-:d:763005
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/5/2939/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/5/2939/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Burhan & Udisubakti Ciptomulyono & Moses Laksono Singgih & Imam Baihaqi, 2021. "Sustainable Business Model Innovations in the Value Uncaptured Manufacturing Industry: Fitting Gains—Gain Creators," Sustainability, MDPI, vol. 13(10), pages 1-23, May.
    2. Julian Lauten-Weiss & Stephan Ramesohl, 2021. "The Circular Business Framework for Building, Developing and Steering Businesses in the Circular Economy," Sustainability, MDPI, vol. 13(2), pages 1-14, January.
    3. Bertrand Moingeon & Muhammad Yunus & Laurence Lehmann-Ortega, 2010. "Building Social Business Models: Lessons from the Grameen Experience," Post-Print hal-00528385, HAL.
    4. Saeed Nosratabadi & Amir Mosavi & Shahaboddin Shamshirband & Edmundas Kazimieras Zavadskas & Andry Rakotonirainy & Kwok Wing Chau, 2019. "Sustainable Business Models: A Review," Sustainability, MDPI, vol. 11(6), pages 1-30, March.
    5. Steve Evans & Doroteya Vladimirova & Maria Holgado & Kirsten Van Fossen & Miying Yang & Elisabete A. Silva & Claire Y. Barlow, 2017. "Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models," Business Strategy and the Environment, Wiley Blackwell, vol. 26(5), pages 597-608, July.
    6. Vinicius Minatogawa & Matheus Franco & Orlando Durán & Ruy Quadros & Maria Holgado & Antonio Batocchio, 2020. "Carving out New Business Models in a Small Company through Contextual Ambidexterity: The Case of a Sustainable Company," Sustainability, MDPI, vol. 12(6), pages 1-34, March.
    7. Wendy Stubbs, 2019. "Strategies, practices, and tensions in managing business model innovation for sustainability: The case of an Australian BCorp," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(5), pages 1063-1072, September.
    8. Johannes S. Schwarz & Christine Legner, 2020. "Business model tools at the boundary: exploring communities of practice and knowledge boundaries in business model innovation," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(3), pages 421-445, September.
    9. Henry Chesbrough & Richard S. Rosenbloom, 2002. "The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin-off companies," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 11(3), pages 529-555, June.
    10. Sandra S. Batie, 2008. "Wicked Problems and Applied Economics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(5), pages 1176-1191.
    11. Ernkvist, Mirko, 2015. "The double knot of technology and business-model innovation in the era of ferment of digital exchanges: The case of OM, a pioneer in electronic options exchanges," Technological Forecasting and Social Change, Elsevier, vol. 99(C), pages 285-299.
    12. Francisco-Jose Molina-Castillo & Noemi Sinkovics & Rudolf R. Sinkovics, 2021. "Sustainable Business Model Innovation: Review, Analysis and Impact on Society," Sustainability, MDPI, vol. 13(16), pages 1-4, August.
    13. Phil Brown & Nancy Bocken & Ruud Balkenende, 2020. "How Do Companies Collaborate for Circular Oriented Innovation?," Sustainability, MDPI, vol. 12(4), pages 1-21, February.
    14. Setayesh Sattari & Anna Wessman & Leila Borders, 2020. "Business model innovation for sustainability: An investigation of consumers’ willingness to adopt product-service systems," Journal of Global Scholars of Marketing Science, Taylor & Francis Journals, vol. 30(3), pages 274-290, July.
    15. Japutra, Arnold & Ekinci, Yuksel & Simkin, Lyndon, 2019. "Self-congruence, brand attachment and compulsive buying," Journal of Business Research, Elsevier, vol. 99(C), pages 456-463.
    16. Todeschini, Bruna Villa & Cortimiglia, Marcelo Nogueira & Callegaro-de-Menezes, Daniela & Ghezzi, Antonio, 2017. "Innovative and sustainable business models in the fashion industry: Entrepreneurial drivers, opportunities, and challenges," Business Horizons, Elsevier, vol. 60(6), pages 759-770.
    17. Randhawa, Krithika & Wilden, Ralf & Gudergan, Siegfried, 2021. "How to innovate toward an ambidextrous business model? The role of dynamic capabilities and market orientation," Journal of Business Research, Elsevier, vol. 130(C), pages 618-634.
    18. Troise, Ciro & Tani, Mario & Dinsmore, John & Schiuma, Giovanni, 2021. "Understanding the implications of equity crowdfunding on sustainability-oriented innovation and changes in agri-food systems: Insights into an open innovation approach," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    19. Malobi Mukherjee & Jacob Wood, 2021. "Consolidating Unorganised Retail Businesses through Digital Platforms: Implications for Achieving the UN Sustainable Development Goals," Sustainability, MDPI, vol. 13(21), pages 1-28, October.
    20. Minttu Laukkanen & Samuli Patala, 2014. "Analysing Barriers To Sustainable Business Model Innovations: Innovation Systems Approach," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 18(06), pages 1-21.
    21. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    22. Adam J. Bock & Tore Opsahl & Gerard George & David M. Gann, 2012. "The Effects of Culture and Structure on Strategic Flexibility during Business Model Innovation," Journal of Management Studies, Wiley Blackwell, vol. 49(2), pages 279-305, March.
    23. Joe Tidd & John Bessant, 2018. "Innovation Management Challenges: From Fads To Fundamentals," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(05), pages 1-13, June.
    24. Winterhalter, Stephan & Zeschky, Marco B. & Neumann, Lukas & Gassmann, Oliver, 2017. "Business Models for Frugal Innovation in Emerging Markets: The Case of the Medical Device and Laboratory Equipment Industry," Technovation, Elsevier, vol. 66, pages 3-13.
    25. David J. Teece, 2007. "Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance," Strategic Management Journal, Wiley Blackwell, vol. 28(13), pages 1319-1350, December.
    26. Anagnostopoulos, Ioannis, 2018. "Fintech and regtech: Impact on regulators and banks," Journal of Economics and Business, Elsevier, vol. 100(C), pages 7-25.
    27. Maurizio Zollo & Sidney G. Winter, 2002. "Deliberate Learning and the Evolution of Dynamic Capabilities," Organization Science, INFORMS, vol. 13(3), pages 339-351, June.
    28. Giacomo Buzzao & Francesco Rizzi, 2021. "On the conceptualization and measurement of dynamic capabilities for sustainability: Building theory through a systematic literature review," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 135-175, January.
    29. Carolina López-Nicolás & Jesús Ruiz-Nicolás & Enrique Mateo-Ortuño, 2021. "Towards Sustainable Innovative Business Models," Sustainability, MDPI, vol. 13(11), pages 1-19, May.
    30. Alberto Peralta & Javier Carrillo‐Hermosilla & Fernando Crecente, 2019. "Sustainable business model innovation and acceptance of its practices among Spanish entrepreneurs," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(5), pages 1119-1134, September.
    31. Edurne A. Inigo & Laura Albareda & Paavo Ritala, 2017. "Business model innovation for sustainability: exploring evolutionary and radical approaches through dynamic capabilities," Industry and Innovation, Taylor & Francis Journals, vol. 24(5), pages 515-542, July.
    32. Calabrese, Armando & Costa, Roberta & Levialdi, Nathan & Menichini, Tamara, 2019. "Integrating sustainability into strategic decision-making: A fuzzy AHP method for the selection of relevant sustainability issues," Technological Forecasting and Social Change, Elsevier, vol. 139(C), pages 155-168.
    33. Noemi Sinkovics & Denanjalee Gunaratne & Rudolf R. Sinkovics & Francisco-Jose Molina-Castillo, 2021. "Sustainable Business Model Innovation: An Umbrella Review," Sustainability, MDPI, vol. 13(13), pages 1-17, June.
    34. Haibo Hu & Tao Huang & Yang Cheng & Haitao Lu, 2019. "The Evolution of Sustainable Business Model Innovation: Evidence from a Sharing Economy Platform in China," Sustainability, MDPI, vol. 11(15), pages 1-16, August.
    35. Secundo, Giustina & Rippa, Pierluigi & Cerchione, Roberto, 2020. "Digital Academic Entrepreneurship: A structured literature review and avenue for a research agenda," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    36. Geraldine Brennan & Mike Tennant, 2018. "Sustainable value and trade‐offs: Exploring situational logics and power relations in a UK brewery's malt supply network business model," Business Strategy and the Environment, Wiley Blackwell, vol. 27(5), pages 621-630, July.
    37. Du, Shuili & Bstieler, Ludwig & Yalcinkaya, Goksel, 2022. "Sustainability-focused innovation in the business-to-business context: Antecedents and managerial implications," Journal of Business Research, Elsevier, vol. 138(C), pages 117-129.
    38. Karolin Frankenberger & Tobias Weiblen & Michaela Csik & Oliver Gassmann, 2013. "The 4I-framework of business model innovation: a structured view on process phases and challenges," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 18(3/4), pages 249-273.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dhir, Amandeep & Khan, Sher Jahan & Islam, Nazrul & Ractham, Peter & Meenakshi, N., 2023. "Drivers of sustainable business model innovations. An upper echelon theory perspective," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    2. Andrzej Pacana & Karolina Czerwińska, 2023. "A Quality Control Improvement Model That Takes into Account the Sustainability Concept and KPIs," Sustainability, MDPI, vol. 15(12), pages 1-21, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maria Rosa De Giacomo & Raimund Bleischwitz, 2020. "Business models for environmental sustainability: Contemporary shortcomings and some perspectives," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3352-3369, December.
    2. Nadia Preghenella & Cinzia Battistella, 2021. "Exploring business models for sustainability: A bibliographic investigation of the literature and future research directions," Business Strategy and the Environment, Wiley Blackwell, vol. 30(5), pages 2505-2522, July.
    3. Barbara Brenner & Daria Drdla, 2023. "Business Model Innovation toward Sustainability and Circularity—A Systematic Review of Innovation Types," Sustainability, MDPI, vol. 15(15), pages 1-20, July.
    4. Jingxiao Zhang & You Ouyang & Simon P. Philbin & Xiaojing Zhao & Pablo Ballesteros‐Pérez & Hui Li, 2020. "Green dynamic capability of construction enterprises: Role of the business model and green production," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2920-2940, November.
    5. Ancillai, Chiara & Sabatini, Andrea & Gatti, Marco & Perna, Andrea, 2023. "Digital technology and business model innovation: A systematic literature review and future research agenda," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    6. Bencsik, Barbara & Palmié, Maximilian & Parida, Vinit & Wincent, Joakim & Gassmann, Oliver, 2023. "Business models for digital sustainability: Framework, microfoundations of value capture, and empirical evidence from 130 smart city services," Journal of Business Research, Elsevier, vol. 160(C).
    7. Winston Jerónimo Silvestre & Ana Fonseca & Sandra Naomi Morioka, 2022. "Strategic sustainability integration: Merging management tools to support business model decisions," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2052-2067, July.
    8. Daliborka Witschel & Aaron Döhla & Maximilian Kaiser & Kai-Ingo Voigt & Thilo Pfletschinger, 2019. "Riding on the wave of digitization: insights how and under what settings dynamic capabilities facilitate digital-driven business model change," Journal of Business Economics, Springer, vol. 89(8), pages 1023-1095, December.
    9. Belussi, Fiorenza & Orsi, Luigi & Savarese, Maria, 2019. "Mapping Business Model Research: A Document Bibliometric Analysis," Scandinavian Journal of Management, Elsevier, vol. 35(3).
    10. Roberto Hernández-Chea & Pratheeba Vimalnath & Nancy Bocken & Frank Tietze & Elisabeth Eppinger, 2020. "Integrating Intellectual Property and Sustainable Business Models: The SBM-IP Canvas," Sustainability, MDPI, vol. 12(21), pages 1-30, October.
    11. Matthias Filser & Sascha Kraus & Matthias Breier & Ioanna Nenova & Kaisu Puumalainen, 2021. "Business model innovation: Identifying foundations and trajectories," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 891-907, February.
    12. Yuan, Chun & Xue, Doudou & He, Xin, 2021. "A balancing strategy for ambidextrous learning, dynamic capabilities, and business model design, the opposite moderating effects of environmental dynamism," Technovation, Elsevier, vol. 103(C).
    13. Tim Heubeck & Reinhard Meckl, 2022. "Antecedents to cognitive business model evaluation: a dynamic managerial capabilities perspective," Review of Managerial Science, Springer, vol. 16(8), pages 2441-2466, November.
    14. Göran Roos, 2014. "Business Model Innovation to Create and Capture Resource Value in Future Circular Material Chains," Resources, MDPI, vol. 3(1), pages 1-27, March.
    15. Sebastian Schroedel, 2023. "The Sustainable Business Model Database: 92 Patterns That Enable Sustainability in Business Model Innovation," Sustainability, MDPI, vol. 15(10), pages 1-27, May.
    16. Rosaria Ferlito & Rosario Faraci, 2022. "Sustainable Hybrid Business Model of Benefit Corporation: The Case of an Italian Film Production Company," Sustainability, MDPI, vol. 14(10), pages 1-17, May.
    17. Jiazhe Sun & Kaizhong Yang, 2016. "The Wicked Problem of Climate Change: A New Approach Based on Social Mess and Fragmentation," Sustainability, MDPI, vol. 8(12), pages 1-14, December.
    18. Daniela Andreini & Cristina Bettinelli & Nicolai J. Foss & Marco Mismetti, 2022. "Business model innovation: a review of the process-based literature," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(4), pages 1089-1121, December.
    19. Florian Lüdeke‐Freund, 2020. "Sustainable entrepreneurship, innovation, and business models: Integrative framework and propositions for future research," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 665-681, February.
    20. Vinicius Minatogawa & Matheus Franco & Orlando Durán & Ruy Quadros & Maria Holgado & Antonio Batocchio, 2020. "Carving out New Business Models in a Small Company through Contextual Ambidexterity: The Case of a Sustainable Company," Sustainability, MDPI, vol. 12(6), pages 1-34, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:5:p:2939-:d:763005. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.