Value Based Classification Technique for Sustainable Business Models (SBMs)

Abstract

Maruf Mohammad Sirajum Monir, Alula Nerea Gebremeskel and Khanh Hung Doan

Sustainable innovations, efficiency, and social responsibility for society are demanded by every long -term surviving business model. Though they are important, but insufficient in themself to perform innovation when applied individually. Any long-term innovation and sustainable business model are difficult to achieve its goal if these holistic techniques are applied individually. That is a big challenge for any sustainable technique with minimizing the risk factor associated with it. Many sustainable business models involve a triple bottom line approach and include a wide proportion of stakeholder interest along with social and environmental sustainability. They are important and work as the driving potential for growth in the long term. These sustainable innovations can be embedded into business processes and purposes and work as the key factors in a competitive global market. Many innovative techniques perform quite well when applied individually but not grouped under a single theme. In this work wide range of literature is analyzed and various sustainable models are grouped under a common theme in terms of samples. These samples have collaborated with the various available case studies and industrial exposure. These sustainable business models are introduced by describing grouping mechanisms and their solutions that can be used as hands-on exposure to the new practitioner. The aim of this grouping is to give a common language for the acceleration of sustainability impel enation in the business model.

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