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An overview of business models in the Czech chemical industry: a sustainable multiple value creation perspective

Author

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  • Peter Kita

    (Brno University of Technology, Czech Republic)

  • Iveta Šimberová

    (Brno University of Technology, Czech Republic)

Abstract

The article presents results of empirical research conducted on companies in the Czech chemical industry, namely CZ NACE 20.1 manufacture of basic chemicals, fertilizers, and plastics. The main goal of the research was to describe novel business models based on sustainable multiple customer value creation. The article’s objective is to present some of the findings from this research to provide an overview of utilized business model elements and characteristics of the industry within the scope of its business models. The original research design combines theoretical concepts of business models, sustainable value creation and multiple customer value to answer the later mentioned research questions. The article states the theoretical background of the research, research design and methods, results, and concludes by stating insights concerning the industry and the respective theory.

Suggested Citation

  • Peter Kita & Iveta Šimberová, 2018. "An overview of business models in the Czech chemical industry: a sustainable multiple value creation perspective," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(2), pages 662-676, December.
    • Handle: RePEc:ssi:jouesi:v:6:y:2018:i:2:p:662-676
    DOI: 10.9770/jesi.2018.6.2(14)
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    References listed on IDEAS

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    1. Mooweon Rhee & Young-Choon Kim & Joon Han, 2006. "Confidence in Imitation: Niche-Width Strategy in the UK Automobile Industry," Management Science, INFORMS, vol. 52(4), pages 501-513, April.
    2. Alena Kocmanová & Iveta Šimberová, 2014. "Determination of environmental, social and corporate governance indicators: framework in the measurement of sustainable performance," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 15(5), pages 1017-1033, November.
    3. Beattie, Vivien & Smith, Sarah Jane, 2013. "Value creation and business models: Refocusing the intellectual capital debate," The British Accounting Review, Elsevier, vol. 45(4), pages 243-254.
    4. Stefan Schaltegger & Florian Lüdeke-Freund & Erik G. Hansen, 2012. "Business cases for sustainability: the role of business model innovation for corporate sustainability," International Journal of Innovation and Sustainable Development, Inderscience Enterprises Ltd, vol. 6(2), pages 95-119.
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    Cited by:

    1. 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).
    2. Peter Holcsik & Judith Pálfi & Miklos Tompa & Janusz Grabara & Zsolt Čonka & Michal Kolcun & Mihai Avornicului & Karol Jędrasiak, 2020. "Management of Smart Switchboard Placement to Enhance Distribution System Reliability," Energies, MDPI, vol. 13(6), pages 1-13, March.

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    More about this item

    Keywords

    sustainable value creation; business models; chemical industry; multiple value; research results; majority business models; minority business models;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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