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Impact of Crisis on Sustainable Business Model Innovation—The Role of Technology Innovation

Author

Listed:
  • Linlin Zheng

    (Business School, Huaqiao University, 269 Chenghuabei Road, Quanzhou 362021, China)

  • Yashi Dong

    (Business School, Huaqiao University, 269 Chenghuabei Road, Quanzhou 362021, China)

  • Jineng Chen

    (Graduate School, St. Paul University Philippines, Cagayan 3500, Philippines)

  • Yuyi Li

    (School of Marxism, South China Normal University, 55 Zhongshanxi Road, Guangzhou 510631, China)

  • Wenzhuo Li

    (Business School, HoHai University, Fucheng West Road, Nanjing 211100, China)

  • Miaolian Su

    (Business School, Huaqiao University, 269 Chenghuabei Road, Quanzhou 362021, China)

Abstract

The transformation of old and new technologies, the normalized crisis situation, and global economic integration blur industrial boundaries and cause the business pattern to fluctuate and become unsustainable, especially when considering the impact of the COVID-19 pandemic. This study focuses on crisis situations and combines the types of technology innovation (introduction, socialization, and differentiation) and sustainable business model innovation (efficiency, novelty, and co-benefit innovations) to theoretically analyze the dynamic impact of technology innovation on different types of sustainable business model innovations. Using a multi-case comparative analysis method, typical enterprises are selected as the sample cases. This study discusses the influences of different technology innovation schemes on sustainable business model innovation in different crisis situations. Enterprises should consider introducing technology for rapid value updates to maintain an efficient business model in an urgent production factor crisis, search for valuable and scarce technical components or introduce other entities to facilitate technical cooperation and form a novel business model in a market environment crisis, and use big data, artificial intelligence, and other technologies to create co-benefit business model innovation in a business ethics crisis. The conclusion guides enterprises and provides a framework for the optimal technical scheme under the corresponding crisis.

Suggested Citation

  • Linlin Zheng & Yashi Dong & Jineng Chen & Yuyi Li & Wenzhuo Li & Miaolian Su, 2022. "Impact of Crisis on Sustainable Business Model Innovation—The Role of Technology Innovation," Sustainability, MDPI, vol. 14(18), pages 1-28, September.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:18:p:11596-:d:915922
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    References listed on IDEAS

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    Cited by:

    1. Andrew Chan & Francis Cheng & Shuk-Ling Cheng, 2023. "Post-Crisis Sustainable Performance of Manufacturing SMEs: The Roles of Positive Orientation, Financial Slack, and External Networks," Sustainability, MDPI, vol. 15(17), pages 1-18, August.
    2. Jennifer Davis-Adesegha, 2024. "Self-Disruption As A Strategy For Leveraging A Bank’s Sustainability During Disruptive Periods: A Perspective from the Caribbean Financial Institutions," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 10(5), pages 19-31, July.
    3. Alfredo Jiménez & Dorra Yahiaoui & Chi Zhang & Cuiling Jiang, 2023. "Sustainable International Management: Research in Global Culture and Leadership Development," Sustainability, MDPI, vol. 15(3), pages 1-2, February.
    4. Zhen Liu & Yixin Liu & Mohamed Osmani, 2024. "Integration of Smart City Technology and Business Model Innovation," Sustainability, MDPI, vol. 16(12), pages 1-30, June.
    5. Eri Dwi Wibawa, 2024. "Innovation Challenges in Infrastructure Cluster State-Owned Enterprises in Indonesia," GATR Journals jber243, Global Academy of Training and Research (GATR) Enterprise.
    6. Bojan Obrenovic & Danijela Godinic & Mato Njavro, 2024. "Sustaining company performance during the war-induced crisis using sourcing capability and substitute input," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(12), pages 30001-30026, December.
    7. Daniel López & Miquel Oliver, 2023. "Integrating Innovation into Business Strategy: Perspectives from Innovation Managers," Sustainability, MDPI, vol. 15(8), pages 1-28, April.

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