Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/80924
Title: Sustainable business models : a review
Authors: Nosratabadi, S
Mosavi, A
Shamshirband, S
Zavadskas, EK
Rakotonirainy, A
Chau, KW 
Keywords: Adaptation
Business model
Circular economy
Climate change
Climate protection
Global warming
Mitigation
Research method
Review
State-of-the-art
Survey
Sustainability
Sustainable business model
Sustainable development
Sustainable mobility
Issue Date: 2019
Publisher: Molecular Diversity Preservation International (MDPI)
Source: Sustainability, 2019, v. 11, no. 6, 1663 How to cite?
Journal: Sustainability 
Abstract: During the past two decades of e-commerce growth, the concept of a business model has become increasingly popular. More recently, the research on this realm has grown rapidly, with diverse research activity covering a wide range of application areas. Considering the sustainable development goals, the innovative business models have brought a competitive advantage to improve the sustainability performance of organizations. The concept of the sustainable business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural, or other contexts, in a sustainable way. The process of sustainable business model construction forms an innovative part of a business strategy. Different industries and businesses have utilized sustainable business models' concept to satisfy their economic, environmental, and social goals simultaneously. However, the success, popularity, and progress of sustainable business models in different application domains are not clear. To explore this issue, this research provides a comprehensive review of sustainable business models literature in various application areas. Notable sustainable business models are identified and further classified in fourteen unique categories, and in every category, the progress -either failure or success- has been reviewed, and the research gaps are discussed. Taxonomy of the applications includes innovation, management and marketing, entrepreneurship, energy, fashion, healthcare, agri-food, supply chain management, circular economy, developing countries, engineering, construction and real estate, mobility and transportation, and hospitality. The key contribution of this study is that it provides an insight into the state of the art of sustainable business models in various application areas and future research directions. This paper concludes that popularity and the success rate of sustainable business models in all application domains have been increased along with the increasing use of advanced technologies.
URI: http://hdl.handle.net/10397/80924
EISSN: 2071-1050
DOI: 10.3390/su11061663
Rights: © 2019 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access
The following publication Nosratabadi S, Mosavi A, Shamshirband S, Kazimieras Zavadskas E, Rakotonirainy A, Chau KW. Sustainable Business Models: A Review. Sustainability. 2019; 11(6):1663 is available at https://doi.org/10.3390/su11061663
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