New Business Models Sustainability

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Author(s): Albérico Travassos Rosário (GOVCOPP, ESGT, Instituto Politécnico de Santarém, Portugal)
Copyright: 2021
Pages: 29
Source title: Reviving Businesses With New Organizational Change Management Strategies
Source Author(s)/Editor(s): Nuno Geada (College of Business Administration, Polytechnic Institute of Setúbal, Portugal)and Pedro Anunciação (College of Business Administration, Polytechnic Institute of Setúbal, Portugal)
DOI: 10.4018/978-1-7998-7452-2.ch001

Keywords: Business Science Reference / Knowledge Management and Library Science / Management Science / Organizational Development

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Abstract

Increased global concerns about climate change and environmental degradation have attracted attention to sustainable development strategies. Sustainability involves maintaining ecological balance, requiring organizations to integrate social, political, economic, and environmental concepts in their business models. This research chapter aims to explore the new business models associated with increased awareness of sustainability. Literature review methodology was used as the primary data collection method. Four main new business models were identified, including sustainable business model innovation (SBMI), triadic business model (T-Model), circular business model, and Web 2.0-based business model. Despite the differences in definition and implementation of these modern frameworks, innovation and sustainability remain the central concepts of enhancing value creation and capturing. While these business models aim to enhance organizations' capabilities to optimize new opportunities and overcome challenges, they also aim to improve society and protect the environment.

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