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Business Model Innovation for Sustainable Value Creation in Construction Companies

Author

Listed:
  • Igor Ceratti Treptow

    (Postgraduate Program in Administration, Federal University of Santa Maria, Santa Maria 97105-900, Brazil)

  • Jordana Marques Kneipp

    (Postgraduate Program in Administration, Federal University of Santa Maria, Santa Maria 97105-900, Brazil)

  • Clandia Maffini Gomes

    (Postgraduate Program in Administration, Federal University of Santa Maria, Santa Maria 97105-900, Brazil)

  • Isak Kruglianskas

    (School of Economics, Business and Accounting (FEA), University of São Paulo, São Paulo 05508-010, Brazil)

  • Rodrigo Reis Favarin

    (Postgraduate Program in Administration, Federal University of Santa Maria, Santa Maria 97105-900, Brazil)

  • Carlos María Fernandez-Jardón

    (Applied Economics, Economics and Business Administration for Society—ECOBAS, University of Vigo, 36310 Vigo, Spain
    IDLab, National Research University Higher School of Economics, 101000 Moscow, Russia)

Abstract

This paper aimed to analyze how innovations in the business model contribute to creating sustainable value in construction companies. The results revealed that analyzed companies implement practices that enhance their reputation and contribute to the environment while securing economic benefits. These practices include material reuse and replacing traditional processes with renewable ones (installing photovoltaic panels and rainwater harvesting). Companies also have tried to integrate with the community through sponsorships, primarily in sports and cultural events, and assistance to homes for the elderly and needy educational institutions. Companies need to implement processes that contribute to the rational use of water and waste reduction during construction projects despite the results. Furthermore, this study has the importance of identifying actions that are oriented towards generating benefits for society and the environment and analyzing them from the perspective of the creation of sustainable value from innovations in the business model.

Suggested Citation

  • Igor Ceratti Treptow & Jordana Marques Kneipp & Clandia Maffini Gomes & Isak Kruglianskas & Rodrigo Reis Favarin & Carlos María Fernandez-Jardón, 2022. "Business Model Innovation for Sustainable Value Creation in Construction Companies," Sustainability, MDPI, vol. 14(16), pages 1-17, August.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:16:p:10101-:d:888571
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    References listed on IDEAS

    as
    1. Minttu Laukkanen & Samuli Patala, 2014. "Analysing Barriers To Sustainable Business Model Innovations: Innovation Systems Approach," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 18(06), pages 1-21.
    2. Hossain, Md. Uzzal & Ng, S. Thomas & Antwi-Afari, Prince & Amor, Ben, 2020. "Circular economy and the construction industry: Existing trends, challenges and prospective framework for sustainable construction," Renewable and Sustainable Energy Reviews, Elsevier, vol. 130(C).
    3. Barbara Bigliardi & Serena Filippelli, 2021. "Investigating Circular Business Model Innovation through Keywords Analysis," Sustainability, MDPI, vol. 13(9), pages 1-23, April.
    4. Oliver Maaß & Philipp Grundmann, 2018. "Governing Transactions and Interdependences between Linked Value Chains in a Circular Economy: The Case of Wastewater Reuse in Braunschweig (Germany)," Sustainability, MDPI, vol. 10(4), pages 1-29, April.
    5. Reza Kiani Mavi & Denise Gengatharen & Neda Kiani Mavi & Richard Hughes & Alistair Campbell & Ross Yates, 2021. "Sustainability in Construction Projects: A Systematic Literature Review," Sustainability, MDPI, vol. 13(4), pages 1-24, February.
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    Cited by:

    1. Broccardo, Laura & Vola, Paola & Zicari, Adrian & Alshibani, Safiya Mukhtar, 2023. "Contingency-based analysis of the drivers and obstacles to a successful sustainable business model: Seeking the uncaptured value," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    2. Cabral, Natália Gomes Cavalcante & Gohr, Cláudia Fabiana, 2023. "Sustainable value creation in sharing economy: Conceptual framework proposition and application in Brazilian offline communities," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).
    3. Magdalena Zioło & Iwona Bąk & Anna Spoz, 2023. "Theoretical framework of sustainable value creation by companies. What do we know so far?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2344-2361, September.

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