IDEAS home Printed from https://ideas.repec.org/a/abg/anprac/v25y2021i31454.html
   My bibliography  Save this article

Sustainable Business Models: A Systematic Review of Approaches and Challenges in Manufacturing

Author

Listed:
  • Ukeje Jacob Agwu
  • John Bessant

Abstract

Objective: there is an ongoing need for businesses to strive to maintain ideals within environmental, economic, and social values — commonly known as the triple bottom line. Manufacturing as a sector has advanced drastically and the literature on sustainable business models in this sector has emerged. The purpose of this paper is to analyze sustainable business models in manufacturing and the approaches and challenges faced in creating and implementing them. Methods: this paper uses a systematic approach to review the literature. We identify sustainable business models and classify them within different industry areas while strategies and challenges emerge from the literature. Results: the findings indicate that there is some empirical work done in investigating the social and environmental dimensions of sustainability in manufacturing. Overall, there is an ongoing transition to sustainable business models in varying divisions of industry. However, the creation and delivery of sustainable economic value is still unexplored. Conclusions: the research provides insight to researchers and practitioners on how organizations implement sustainability while delivering value to their stakeholders. It also provides new avenues for conducting research in unexplored strategies of sustainable business modeling.

Suggested Citation

  • Ukeje Jacob Agwu & John Bessant, 2021. "Sustainable Business Models: A Systematic Review of Approaches and Challenges in Manufacturing," RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração, vol. 25(3), pages 200202-2002.
    • Handle: RePEc:abg:anprac:v:25:y:2021:i:3:1454
    as

    Download full text from publisher

    File URL: https://rac.anpad.org.br/index.php/rac/article/view/1454
    Download Restriction: no
    File URL: https://rac.anpad.org.br/index.php/rac/article/view/1454/1591
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. José M. González-Varona & David Poza & Fernando Acebes & Félix Villafáñez & Javier Pajares & Adolfo López-Paredes, 2020. "New Business Models for Sustainable Spare Parts Logistics: A Case Study," Sustainability, MDPI, vol. 12(8), pages 1-16, April.
    2. Xiao Li & Jiarou Cao & Zhenggang Liu & Xinggang Luo, 2020. "Sustainable Business Model Based on Digital Twin Platform Network: The Inspiration from Haier’s Case Study in China," Sustainability, MDPI, vol. 12(3), pages 1-26, January.
    3. Liliana Doganova & Marie Eyquem-Renault, 2009. "What do business models do? Narratives, calculation and market exploration," Post-Print halshs-00347615, HAL.
    4. Doganova, Liliana & Eyquem-Renault, Marie, 2009. "What do business models do?: Innovation devices in technology entrepreneurship," Research Policy, Elsevier, vol. 38(10), pages 1559-1570, December.
    5. Elias Carayannis & Stavros Sindakis & Christian Walter, 2015. "Business Model Innovation as Lever of Organizational Sustainability," The Journal of Technology Transfer, Springer, vol. 40(1), pages 85-104, February.
    6. Bertrand Moingeon & Muhammad Yunus & Laurence Lehmann-Ortega, 2010. "Building Social Business Models: Lessons from the Grameen Experience," Post-Print hal-00528385, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Okot Tom & Hernandez Emmanuel & Zumbado Cristina & López Edson & Navarro Vanessa, 2022. "Construction and Real Estate Sustainability Management: Costa Rican Prospects 2016–2021," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 10(1), pages 1-15, January.
    2. Adam Samborski, 2022. "The Energy Company Business Model and the European Green Deal," Energies, MDPI, vol. 15(11), pages 1-15, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Raphaël Maucuer & Alexandre Renaud, 2019. "Business Model Research: A Bibliometric Analysis of Origins and Trends," Post-Print hal-01918188, HAL.
    2. Belussi, Fiorenza & Orsi, Luigi & Savarese, Maria, 2019. "Mapping Business Model Research: A Document Bibliometric Analysis," Scandinavian Journal of Management, Elsevier, vol. 35(3).
    3. Albøge, Kristian Groth & Andersen, Jesper Gyldenlev & Lueg, Rainer & Nielsen, Kristian Posselt, 2015. "A framework for business model development in technology-driven start-ups," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 69(1), pages 67-80.
    4. Bouncken, Ricarda B. & Fredrich, Viktor, 2016. "Good fences make good neighbors? Directions and safeguards in alliances on business model innovation," Journal of Business Research, Elsevier, vol. 69(11), pages 5196-5202.
    5. Sebastian Schroedel, 2023. "The Sustainable Business Model Database: 92 Patterns That Enable Sustainability in Business Model Innovation," Sustainability, MDPI, vol. 15(10), pages 1-27, May.
    6. Maria Rosa De Giacomo & Raimund Bleischwitz, 2020. "Business models for environmental sustainability: Contemporary shortcomings and some perspectives," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3352-3369, December.
    7. Pozas, María de los Ángeles, 2014. "Scientific-technical services for the pharmaceutical industry in Mexico," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 40531, May.
    8. Palo, Teea & Åkesson, Maria & Löfberg, Nina, 2019. "Servitization as business model contestation: A practice approach," Journal of Business Research, Elsevier, vol. 104(C), pages 486-496.
    9. Constantinides, Panos & Slavova, Mira, 2020. "From a monopoly to an entrepreneurial field: The constitution of possibilities in South African energy," Journal of Business Venturing, Elsevier, vol. 35(6).
    10. Thomas Moellers & Lars von der Burg & Bastian Bansemir & Max Pretzl & Oliver Gassmann, 2019. "System dynamics for corporate business model innovation," Electronic Markets, Springer;IIM University of St. Gallen, vol. 29(3), pages 387-406, September.
    11. Xinya You, 2022. "Applying design thinking for business model innovation," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-25, December.
    12. Florian Lüdeke‐Freund, 2020. "Sustainable entrepreneurship, innovation, and business models: Integrative framework and propositions for future research," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 665-681, February.
    13. Cardona, Marleny & Castiblanco, Suelen & Díaz, Hugo & Kshetri, Nir, 2014. "The Colombian outsourcing and offshoring industry: The effects of institutions and agglomeration economies," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 40524, May.
    14. Marko Peric & Vanja Vitezic & Jelena Durkin, 2017. "Business Model Concept: An Integrative Framework Proposal," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 15(3 (Fall)), pages 255-274.
    15. Sara Brorström & Alexander Styhre, 2021. "Plans and situated actions in urban renewal projects: The role of governance devices in realizing projects," Environment and Planning C, , vol. 39(3), pages 646-663, May.
    16. Sauvé, Pierre, 2014. "Latin Americaʹs emergence in global services: a new driver of structural change in the region?," Papers 664, World Trade Institute.
    17. Patrick Spieth & Sabrina Schneider, 2016. "Business model innovativeness: designing a formative measure for business model innovation," Journal of Business Economics, Springer, vol. 86(6), pages 671-696, August.
    18. Cantele Silvia & Serena Truzzi, 2021. "Sustainable Business Models: Literature Review of Main Contributions and Themes," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(5), pages 1-11, July.
    19. Changhyeon Song & Kwangsoo Shin, 2019. "Business Model Design for Latecomers in Biopharmaceutical Industry: The Case of Korean Firms," Sustainability, MDPI, vol. 11(18), pages 1-15, September.
    20. Vern L. Glaser & Peer C. Fiss & Mark Thomas Kennedy, 2016. "Making Snowflakes Like Stocks: Stretching, Bending, and Positioning to Make Financial Market Analogies Work in Online Advertising," Organization Science, INFORMS, vol. 27(4), pages 1029-1048, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abg:anprac:v:25:y:2021:i:3:1454. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Information Technology of ANPAD (email available below). General contact details of provider: http://anpad.org.br .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.