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Creating Integrated Value Through Sustainable Innovation: A Conceptual Framework

In: Sustainable Business Models

Author

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  • Wayne Visser

    (Antwerp Management School)

Abstract

In the context of a plethora of worsening social, environmental and ethical Ethics negative conditions often associated with economic Economy growth and industrial activity, Integrated Value is proposed as a conceptual and practical framework for business to respond credibly and effectively as a force for innovation and solutions. In order to do so, the chapter begins by asking: how is value to society currently being destroyed by economic activities? Taking a systems science perspective, the answer is: whenever it causes fragmentation, or disintegration. This disintegration in society occurs in at least five principle ways, namely the five forces of fragmentation: disruption, disconnection, disparity, destruction and discontent. The next question is: how might this value destruction in society be countered or reversed? We find clues in innovations that are occurring in five emerging economic spheres: the resilience, exponential, access, circular and wellbeing economies. In each of these areas, there are breakthrough business models, practices, products and servicesService that are building, rather than destroying, societal value. These are the five pathways to innovation, defined in terms of the desired future state they are trying to advance, which is a society that is more secure, smart, shared, sustainable and satisfying. Four strategic value-creation options are then described (singular, focused, diffuse and integrated value) before citing illustrative cases and describing the seven steps of a methodology to implement integrated value.

Suggested Citation

  • Wayne Visser, 2018. "Creating Integrated Value Through Sustainable Innovation: A Conceptual Framework," CSR, Sustainability, Ethics & Governance, in: Lars Moratis & Frans Melissen & Samuel O. Idowu (ed.), Sustainable Business Models, chapter 0, pages 129-150, Springer.
    • Handle: RePEc:spr:csrchp:978-3-319-73503-0_7
    DOI: 10.1007/978-3-319-73503-0_7
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    Cited by:

    1. Tim Strasser & Joop de Kraker & René Kemp, 2020. "Three Dimensions of Transformative Impact and Capacity: A Conceptual Framework Applied in Social Innovation Practice," Sustainability, MDPI, vol. 12(11), pages 1-40, June.
    2. Florina Pînzaru & Adina Săniuță & Bianca Roxana Sălăgeanu, 2022. "Managing innovation for sustainability in public administration: the challenges of capacity-building," Nowoczesne Systemy Zarządzania. Modern Management Systems, Military University of Technology, Faculty of Security, Logistics and Management, Institute of Organization and Management, issue 3, pages 65-80.

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