Knowledge Tree
Relations (1)
related 8.00 — strongly supporting 8 facts
The concepts are linked through academic literature [1], [2] and research procedures [3], [4] that treat them as interdependent components of organizational strategy. Furthermore, they are connected by claims regarding the necessity of aligning innovation with business models to achieve sustainability and improved performance [5], [6], [7].
Facts (8)
Sources
Business Model Innovation: a Framework for Assessing Corporate ... link.springer.com 6 facts
referenceThe study's analytical model evaluates organizational alignment by considering four parameters (embodied sustainability, ecosystem, impact, and innovation), each analyzed through a 'steering' driver (the emerged element) and an 'anchor' benefit (the business-as-usual benefit), with the goal of assessing long-term alignment between the business model and the promoted impact.
claimIntegrating innovation into a broken business model will not save the business; companies must first understand the essence of their business models to gain an extensive understanding of innovation.
procedureThe research paper employs a 4-step process to develop an analysis grid: (1) review the interdependence between sustainability and profitability, (2) investigate the dependency between business models and sustainability, (3) consider the relationship between innovation and business models, and (4) reflect on the coexistence of innovation and sustainability.
procedureThe literature review search process identified 'business model,' 'sustainability,' and 'innovation' as key search terms.
claimA study in Europe found that companies that adapt their business models toward sustainability using innovations experience improvements in overall performance.
claimIntegrating innovation into a business model requires a change of mindset for management and employees because it affects future products and services.
Does the combination of sustainable business model patterns lead ... link.springer.com 1 fact
referenceLüdeke-Freund F provided an integrative framework and propositions for future research regarding sustainable entrepreneurship, innovation, and business models in a 2020 article in Business Strategy and the Environment.
Sustainable Business Models | Springer Nature Link link.springer.com 1 fact
referenceTeece (2010) published 'Business models, business strategy and innovation' in the journal Long Range Planning.