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Sustainable Business Model Based on Digital Twin Platform Network: The Inspiration from Haier’s Case Study in China

Author

Listed:
  • Xiao Li

    (Management School, Hangzhou Dianzi University, Hangzhou 310018, China)

  • Jiarou Cao

    (Management School, Hangzhou Dianzi University, Hangzhou 310018, China)

  • Zhenggang Liu

    (Management School, Hangzhou Dianzi University, Hangzhou 310018, China)

  • Xinggang Luo

    (Management School, Hangzhou Dianzi University, Hangzhou 310018, China)

Abstract

Sustainability and digitalization have become the main direction of transformation of enterprises. Building a digital twin platform network can provide enterprises with a comprehensive view of products, manufacture, supply chain, customer experience, and profitability, which is conducive to the construction of a sustainable business model. The purpose of this paper is to study how enterprises use digital twin platform networks to generate economic, social and environmental benefits in various dimensions and their coupling relationships. Based on the literature review, this paper constructs a five-dimensional framework of a sustainable business model, and analyses the coupling relationship between dimensions. Using Haier as a way to verify the five-dimensional framework, it explores the dynamic mechanism of the Haier digital twin platform network, constructs an integrated framework based on coupling perspective and compares it with other two home appliance enterprises. The study shows that, through the digital twin platform network, enterprises can remove the disadvantage of focusing on a single product life cycle, and form a comprehensive network, so as to promote overall sustainable upgrades. This paper draws generic strategies and digital transformation suggestions for enterprises to innovate the sustainable business model. The conclusion enriches the research on sustainable business models both theoretically and practically and provides a feasible reference for the transformation of enterprises in digital economy environment.

Suggested Citation

  • Xiao Li & Jiarou Cao & Zhenggang Liu & Xinggang Luo, 2020. "Sustainable Business Model Based on Digital Twin Platform Network: The Inspiration from Haier’s Case Study in China," Sustainability, MDPI, vol. 12(3), pages 1-26, January.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:3:p:936-:d:313548
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    Cited by:

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    2. Jingbo Hu & Taohua Ouyang & William X. Wei & Jiawei Cai, 2020. "How Do Manufacturing Enterprises Construct E-Commerce Platforms for Sustainable Development? A Case Study of Resource Orchestration," Sustainability, MDPI, vol. 12(16), pages 1-18, August.
    3. Kamble, Sachin S & Gunasekaran, Angappa & Parekh, Harsh & Mani, Venkatesh & Belhadi, Amine & Sharma, Rohit, 2022. "Digital twin for sustainable manufacturing supply chains: Current trends, future perspectives, and an implementation framework," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    4. Junping Yang & Ruiqi Wu & Haochun Yang, 2023. "Digital Transformation and Enterprise Sustainability: The Moderating Role of Regional Virtual Agglomeration," Sustainability, MDPI, vol. 15(9), pages 1-21, May.
    5. Broccardo, Laura & Zicari, Adrián & Jabeen, Fauzia & Bhatti, Zeeshan A., 2023. "How digitalization supports a sustainable business model: A literature review," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    6. Rafael Martínez-Peláez & Alberto Ochoa-Brust & Solange Rivera & Vanessa G. Félix & Rodolfo Ostos & Héctor Brito & Ramón A. Félix & Luis J. Mena, 2023. "Role of Digital Transformation for Achieving Sustainability: Mediated Role of Stakeholders, Key Capabilities, and Technology," Sustainability, MDPI, vol. 15(14), pages 1-27, July.
    7. Ukeje Jacob Agwu & John Bessant, 2021. "Sustainable Business Models: A Systematic Review of Approaches and Challenges in Manufacturing," RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração, vol. 25(3), pages 200202-2002.
    8. Albérico Travassos Rosário & Joana Carmo Dias, 2023. "The New Digital Economy and Sustainability: Challenges and Opportunities," Sustainability, MDPI, vol. 15(14), pages 1-23, July.
    9. Weng Siew Lam & Weng Hoe Lam & Pei Fun Lee, 2023. "A Bibliometric Analysis of Digital Twin in the Supply Chain," Mathematics, MDPI, vol. 11(15), pages 1-24, July.
    10. Hossein Rahnama & Kerstin Johansen & Lisa Larsson & Anna Öhrwall Rönnbäck, 2022. "Collaboration in Value Constellations for Sustainable Production: The Perspective of Small Technology Solution Providers," Sustainability, MDPI, vol. 14(8), pages 1-20, April.

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