Skip to main content
Top
Published in:
Cover of the book

2021 | OriginalPaper | Chapter

1. Sustainability in Business

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

This chapter introduces a framework of sustainable ecosystem for profit and not-for-profit businesses in the context of sustainable development goals. The principal discussion is on foundations of corporate sustainability, business ecosystem, sustainability commitments, sustainable business modeling, and corporate social responsibility. This chapter analyzes the current sustainable business models in the context of previous studies, and attempts to guide business leaders to create sustainable businesses. This chapter is broadly based on the triadic business management approach toward profiteering, corporate social responsibility, and attaining sustainability goals.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literature
go back to reference Arikan, G., & Bloom, P. B. (2014). Social Values and Cross-National Differences in Attitudes Towards Welfare. Political Studies, 63(2), 431–448.CrossRef Arikan, G., & Bloom, P. B. (2014). Social Values and Cross-National Differences in Attitudes Towards Welfare. Political Studies, 63(2), 431–448.CrossRef
go back to reference Bhattacharya, C. B., & Polman, P. (2016). Sustainability Lessons from the Front Lines. MIT Sloan Management Review, 58(2), 71–78. Bhattacharya, C. B., & Polman, P. (2016). Sustainability Lessons from the Front Lines. MIT Sloan Management Review, 58(2), 71–78.
go back to reference Bocken, N., Rana, P., & Short, S. W. (2015). Value Mapping for Sustainable Business Thinking. Journal of Industrial and Production Engineering, 32(1), 67–81.CrossRef Bocken, N., Rana, P., & Short, S. W. (2015). Value Mapping for Sustainable Business Thinking. Journal of Industrial and Production Engineering, 32(1), 67–81.CrossRef
go back to reference Bonini, S., & Gorner, S. (2011). The Business of Sustainability: A Survey. New York: McKinsey & Co. Bonini, S., & Gorner, S. (2011). The Business of Sustainability: A Survey. New York: McKinsey & Co.
go back to reference Boons, F., & Lüdeke-Freund, F. (2013). Business Models for Sustainable Innovation: State of the Art and Steps Towards a Research Agenda. Journal of Cleaner Production, 45(1), 9–19.CrossRef Boons, F., & Lüdeke-Freund, F. (2013). Business Models for Sustainable Innovation: State of the Art and Steps Towards a Research Agenda. Journal of Cleaner Production, 45(1), 9–19.CrossRef
go back to reference Buttice, V., Colombo, M. G., & Wright, M. (2017). Serial Crowdfunding, Social Capital, and Project Success. Entrepreneurship Theory and Practice, 41(2), 183–207.CrossRef Buttice, V., Colombo, M. G., & Wright, M. (2017). Serial Crowdfunding, Social Capital, and Project Success. Entrepreneurship Theory and Practice, 41(2), 183–207.CrossRef
go back to reference Dionisio, M., & Raupp de Vargas, E. (2020). Corporate Social Innovation: A Systematic Literature Review. International Business Review, 29(2), 1–10.CrossRef Dionisio, M., & Raupp de Vargas, E. (2020). Corporate Social Innovation: A Systematic Literature Review. International Business Review, 29(2), 1–10.CrossRef
go back to reference Evans, S., Vladimirova, D., Holgado, M., Van Fossen, K., Yang, M. Y., Silva, E. A., et al. (2017). Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models. Business Strategy and Environment, 26(5), 597–608.CrossRef Evans, S., Vladimirova, D., Holgado, M., Van Fossen, K., Yang, M. Y., Silva, E. A., et al. (2017). Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models. Business Strategy and Environment, 26(5), 597–608.CrossRef
go back to reference Falck, O., & Heblich, S. (2007). Corporate Social Responsibility: Doing Well by Doing Good. Business Horizons, 50(3), 247–254. Falck, O., & Heblich, S. (2007). Corporate Social Responsibility: Doing Well by Doing Good. Business Horizons, 50(3), 247–254.
go back to reference Furr, N. R., & Shipilov, A. (2018). Building the Right Ecosystem for Innovation. MIT Sloan Management Review, 59(4), 59–64. Furr, N. R., & Shipilov, A. (2018). Building the Right Ecosystem for Innovation. MIT Sloan Management Review, 59(4), 59–64.
go back to reference Goni, F. A., Chofreh, A. G., Mukhtar, M., Sahran, S., Shukor, S. A., & Klemes, J. J. (2017). Strategic Alignment Between Sustainability and Information Systems: A Case Analysis in Malaysian Public Higher Education Institutions. Journal of Cleaner Production, 168(2), 263–270.CrossRef Goni, F. A., Chofreh, A. G., Mukhtar, M., Sahran, S., Shukor, S. A., & Klemes, J. J. (2017). Strategic Alignment Between Sustainability and Information Systems: A Case Analysis in Malaysian Public Higher Education Institutions. Journal of Cleaner Production, 168(2), 263–270.CrossRef
go back to reference Govindarajan, V. (2012). A Reverse Innovation Play-Book. Harvard Business Review, 90(4), 120–124. Govindarajan, V. (2012). A Reverse Innovation Play-Book. Harvard Business Review, 90(4), 120–124.
go back to reference Graca, P., & Camarinha-Matos, L. M. (2017). Performance Indicators for Collaborative Business Ecosystems—Literature Review and Trends. Technological Forecasting and Social Change, 116(2), 237–255.CrossRef Graca, P., & Camarinha-Matos, L. M. (2017). Performance Indicators for Collaborative Business Ecosystems—Literature Review and Trends. Technological Forecasting and Social Change, 116(2), 237–255.CrossRef
go back to reference Haanaes, K., Michael, D., Jurgens, J., & Rangan, S. (2013). Making Sustainability Profitable. Harvard Business Review, 91(3), 110–115. Haanaes, K., Michael, D., Jurgens, J., & Rangan, S. (2013). Making Sustainability Profitable. Harvard Business Review, 91(3), 110–115.
go back to reference Habibi, M. R., Davidson, A., & Laroche, M. (2017). What Managers Should Know About the Sharing Economy. Business Horizon, 60(1), 112–113.CrossRef Habibi, M. R., Davidson, A., & Laroche, M. (2017). What Managers Should Know About the Sharing Economy. Business Horizon, 60(1), 112–113.CrossRef
go back to reference Harreld, J. B., O’Reilly, C. A., III, & Tushman, M. L. (2007). Dynamic Capabilities at IBM: Driving Strategy into Action. California Management Review, 49(4), 21–43.CrossRef Harreld, J. B., O’Reilly, C. A., III, & Tushman, M. L. (2007). Dynamic Capabilities at IBM: Driving Strategy into Action. California Management Review, 49(4), 21–43.CrossRef
go back to reference Ikediashi, D. I., Ogunlana, S. O., Oladokun, M. G., & Adewuyi, T. (2020). Assessing the Level of Commitment and Barriers to Sustainable Facilities Management Practice: A Case of Nigeria. International Journal of Sustainable Built Environment, 1(2), 167–176.CrossRef Ikediashi, D. I., Ogunlana, S. O., Oladokun, M. G., & Adewuyi, T. (2020). Assessing the Level of Commitment and Barriers to Sustainable Facilities Management Practice: A Case of Nigeria. International Journal of Sustainable Built Environment, 1(2), 167–176.CrossRef
go back to reference Kelly, E. (2015). Business Ecosystems Come of Age: The Business Trend Series. New York: Deloitte University Press. Kelly, E. (2015). Business Ecosystems Come of Age: The Business Trend Series. New York: Deloitte University Press.
go back to reference Liu, G., & Rong, K. (2015). The Nature of the Co-evolutionary Process: Complex Product Development in the Mobile Computing Industry’s Business Ecosystem. Group and Organization Management, 40(6), 809–842.CrossRef Liu, G., & Rong, K. (2015). The Nature of the Co-evolutionary Process: Complex Product Development in the Mobile Computing Industry’s Business Ecosystem. Group and Organization Management, 40(6), 809–842.CrossRef
go back to reference Lubin, D. A., & Esty, D. C. (2010). The Sustainability Imperative. Harvard Business Review, 88(5), 42–50. Lubin, D. A., & Esty, D. C. (2010). The Sustainability Imperative. Harvard Business Review, 88(5), 42–50.
go back to reference Luzzini, D., Brandon-Jones, E., Brandon-Jones, A., & Spina, G. (2015). From Sustainability Commitment to Performance: The Role of Intra- and Inter-Firm Collaborative Capabilities in the Upstream Supply Chain. International Journal of Production Economics, 165(1), 51–63.CrossRef Luzzini, D., Brandon-Jones, E., Brandon-Jones, A., & Spina, G. (2015). From Sustainability Commitment to Performance: The Role of Intra- and Inter-Firm Collaborative Capabilities in the Upstream Supply Chain. International Journal of Production Economics, 165(1), 51–63.CrossRef
go back to reference Ma, L., Liu, Z., Huang, X., & Li, T. (2019). The Impact of Local Government Policy on Innovation Ecosystem in Knowledge Resource Scarce Region: Case Study of Changzhou, China. Science Technology & Society, 24(1), 29–52.CrossRef Ma, L., Liu, Z., Huang, X., & Li, T. (2019). The Impact of Local Government Policy on Innovation Ecosystem in Knowledge Resource Scarce Region: Case Study of Changzhou, China. Science Technology & Society, 24(1), 29–52.CrossRef
go back to reference Nidumolu, R., Prahalad, C. K., & Rangaswami, M. R. (2009). Why Sustainability Is Now the Key Driver of Innovation. Harvard Business Review, 87(9), 56–64. Nidumolu, R., Prahalad, C. K., & Rangaswami, M. R. (2009). Why Sustainability Is Now the Key Driver of Innovation. Harvard Business Review, 87(9), 56–64.
go back to reference Osterwalder, A., & Pigneur, Y. (2010). Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers. Hoboken, NJ: Wiley. Osterwalder, A., & Pigneur, Y. (2010). Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers. Hoboken, NJ: Wiley.
go back to reference Pal, R., & Gander, J. (2018). Modelling Environmental Value: An Examination of Sustainable Business Models Within the Fashion Industry. Journal of Cleaner Production, 184(2), 251–263.CrossRef Pal, R., & Gander, J. (2018). Modelling Environmental Value: An Examination of Sustainable Business Models Within the Fashion Industry. Journal of Cleaner Production, 184(2), 251–263.CrossRef
go back to reference Raddats, C., Kowalkowski, C., Benedettini, O., Burton, J., & Gebauer, H. (2019). Servitization: A Contemporary Thematic Review of Four Major Research Streams. Industrial Marketing Management, 83(2), 207–223.CrossRef Raddats, C., Kowalkowski, C., Benedettini, O., Burton, J., & Gebauer, H. (2019). Servitization: A Contemporary Thematic Review of Four Major Research Streams. Industrial Marketing Management, 83(2), 207–223.CrossRef
go back to reference Rajagopal. (2014). Architecting Enterprise: Managing Innovation, Technology, and Global Competitiveness. Basingstoke, UK: Palgrave Macmillan. Rajagopal. (2014). Architecting Enterprise: Managing Innovation, Technology, and Global Competitiveness. Basingstoke, UK: Palgrave Macmillan.
go back to reference Rajagopal. (2015). Butterfly Effect in Competitive Markets: Driving Small Change for Larger Differences. Basingstoke, UK: Palgrave Macmillan. Rajagopal. (2015). Butterfly Effect in Competitive Markets: Driving Small Change for Larger Differences. Basingstoke, UK: Palgrave Macmillan.
go back to reference Rajagopal. (2016). Innovative Business Projects: Breaking Complexities, Building Performance (Vol. 2)-Financials, New Insights, and Project Sustainability. New York: Business Expert Press. Rajagopal. (2016). Innovative Business Projects: Breaking Complexities, Building Performance (Vol. 2)-Financials, New Insights, and Project Sustainability. New York: Business Expert Press.
go back to reference Rajagopal. (2019). Contemporary Marketing Strategy: Analyzing Consumer Behavior to Drive Managerial Decision Making. New York: Palgrave Macmillan.CrossRef Rajagopal. (2019). Contemporary Marketing Strategy: Analyzing Consumer Behavior to Drive Managerial Decision Making. New York: Palgrave Macmillan.CrossRef
go back to reference Rajagopal. (2020a). Transgenerational Marketing: Evolution, Expansion, and Experience. New York: Palgrave Macmillan.CrossRef Rajagopal. (2020a). Transgenerational Marketing: Evolution, Expansion, and Experience. New York: Palgrave Macmillan.CrossRef
go back to reference Rajagopal. (2020b). Barriers and Benefits Towards Sustainability Driven Business Models. In S. Hashmi & I. A. Choudhury (Eds.), Encyclopedia of Renewable and Sustainable Materials (Vol. 5, pp. 318–327). New York: Elsevier.CrossRef Rajagopal. (2020b). Barriers and Benefits Towards Sustainability Driven Business Models. In S. Hashmi & I. A. Choudhury (Eds.), Encyclopedia of Renewable and Sustainable Materials (Vol. 5, pp. 318–327). New York: Elsevier.CrossRef
go back to reference Ramezani, J., & Camarinha-Matos, L. M. (2020). Approaches for Resilience and Antifragility in Collaborative Business Ecosystems. Technological Forecasting and Social Change, 151, 119846.CrossRef Ramezani, J., & Camarinha-Matos, L. M. (2020). Approaches for Resilience and Antifragility in Collaborative Business Ecosystems. Technological Forecasting and Social Change, 151, 119846.CrossRef
go back to reference Rangan, V. K., Toffel, M. W., Dessain, V., & Lenhardt, J. (2014). Sustainability at IKEA Group. Boston, MA: Harvard Business School Publication. Rangan, V. K., Toffel, M. W., Dessain, V., & Lenhardt, J. (2014). Sustainability at IKEA Group. Boston, MA: Harvard Business School Publication.
go back to reference Rashid, A., Asif, F. M. A., Krajnik, P., & Nicolescu, C. M. (2013). Resource Conservative Manufacturing: An Essential Change in Business and Technology Paradigm for Sustainable Manufacturing. Journal of Cleaner Production, 57(2), 166–177.CrossRef Rashid, A., Asif, F. M. A., Krajnik, P., & Nicolescu, C. M. (2013). Resource Conservative Manufacturing: An Essential Change in Business and Technology Paradigm for Sustainable Manufacturing. Journal of Cleaner Production, 57(2), 166–177.CrossRef
go back to reference Sánchez, P., & Ricart, J. (2010). Business Model Innovation and Sources of Value Creation in Low-Income Markets. European Management Review, 7(1), 138–154.CrossRef Sánchez, P., & Ricart, J. (2010). Business Model Innovation and Sources of Value Creation in Low-Income Markets. European Management Review, 7(1), 138–154.CrossRef
go back to reference Schaltegger, S., Lüdeke-Freund, F., & Hansen, E. G. (2016). Business Models for Sustainability: A Co-evolutionary Analysis of Sustainable Entrepreneurship, Innovation, and Transformation. Organization and Environment, 29(3), 264–289.CrossRef Schaltegger, S., Lüdeke-Freund, F., & Hansen, E. G. (2016). Business Models for Sustainability: A Co-evolutionary Analysis of Sustainable Entrepreneurship, Innovation, and Transformation. Organization and Environment, 29(3), 264–289.CrossRef
go back to reference Schönborn, G., Berlin, C., Pinzone, M., Hanisch, C., Georgoulias, K., & Lanz, M. (2019). Why Social Sustainability Counts: The Impact of Corporate Social Sustainability Culture on Financial Success. Sustainable Production and Consumption, 17, 1–10.CrossRef Schönborn, G., Berlin, C., Pinzone, M., Hanisch, C., Georgoulias, K., & Lanz, M. (2019). Why Social Sustainability Counts: The Impact of Corporate Social Sustainability Culture on Financial Success. Sustainable Production and Consumption, 17, 1–10.CrossRef
go back to reference Sheu, J. B., & Hu, T. L. (2009). Channel Power, Commitment and Performance Toward Sustainable Channel Relationship. Industrial Marketing Management, 38(1), 17–31.CrossRef Sheu, J. B., & Hu, T. L. (2009). Channel Power, Commitment and Performance Toward Sustainable Channel Relationship. Industrial Marketing Management, 38(1), 17–31.CrossRef
go back to reference Simanis, E., & Duke, D. (2014). Profits at the Bottom of the Pyramid. Harvard Business Review, 92(10), 86–93. Simanis, E., & Duke, D. (2014). Profits at the Bottom of the Pyramid. Harvard Business Review, 92(10), 86–93.
go back to reference Stead, J. G., & Stead, W. E. (2013). The Coevolution of Sustainable Strategic Management in the Global Marketplace. Organization & Environment, 26(2), 162–183.CrossRef Stead, J. G., & Stead, W. E. (2013). The Coevolution of Sustainable Strategic Management in the Global Marketplace. Organization & Environment, 26(2), 162–183.CrossRef
go back to reference Sun, J., Wu, S., & Yang, K. (2018). An Eco-systemic Framework for Business Sustainability. Business Horizons, 61(1), 59–72.CrossRef Sun, J., Wu, S., & Yang, K. (2018). An Eco-systemic Framework for Business Sustainability. Business Horizons, 61(1), 59–72.CrossRef
go back to reference Tate, W. L., Dooley, K. J., & Ellram, L. M. (2011). Transaction Cost and Institutional Drivers of Supplier Adoption of Environmental Practices. Journal of Business Logistics, 32(1), 6–16.CrossRef Tate, W. L., Dooley, K. J., & Ellram, L. M. (2011). Transaction Cost and Institutional Drivers of Supplier Adoption of Environmental Practices. Journal of Business Logistics, 32(1), 6–16.CrossRef
go back to reference Teece, D. J. (2010). Business Models, Business Strategy and Innovation. Long Range Planning, 43(1), 172–194.CrossRef Teece, D. J. (2010). Business Models, Business Strategy and Innovation. Long Range Planning, 43(1), 172–194.CrossRef
go back to reference Teece, D. J. (2018). Business Models and Dynamic Capabilities. Long Range Planning, 51(1), 40–49.CrossRef Teece, D. J. (2018). Business Models and Dynamic Capabilities. Long Range Planning, 51(1), 40–49.CrossRef
go back to reference Weyrauch, T., & Herstatt, C. (2016). What Is Frugal Innovation? Three Defining Criteria. Journal of Frugal Innovation, 2(1), 1–17.CrossRef Weyrauch, T., & Herstatt, C. (2016). What Is Frugal Innovation? Three Defining Criteria. Journal of Frugal Innovation, 2(1), 1–17.CrossRef
go back to reference Williams, A., Seidel, V. P., & Woolley, A. (2020). Make Your Crowd Smart. MIT Sloan Management Review, 61(2), 1–6. Williams, A., Seidel, V. P., & Woolley, A. (2020). Make Your Crowd Smart. MIT Sloan Management Review, 61(2), 1–6.
go back to reference Winter, A., & Govindarajan, V. (2015). Engineering Reverse Innovations. Harvard Business Review, 93(7), 80–89. Winter, A., & Govindarajan, V. (2015). Engineering Reverse Innovations. Harvard Business Review, 93(7), 80–89.
go back to reference Woodside, A. G., Sood, S., & Miller, K. E. (2008). When Consumers and Brands Talk: Storytelling Theory and Research in Psychology and Marketing. Psychology & Marketing, 25(2), 97–145.CrossRef Woodside, A. G., Sood, S., & Miller, K. E. (2008). When Consumers and Brands Talk: Storytelling Theory and Research in Psychology and Marketing. Psychology & Marketing, 25(2), 97–145.CrossRef
go back to reference Ylhäinen, I. (2017). Life-Cycle Effects in Small Business Finance. Journal of Banking & Finance, 77(2), 176–196.CrossRef Ylhäinen, I. (2017). Life-Cycle Effects in Small Business Finance. Journal of Banking & Finance, 77(2), 176–196.CrossRef
go back to reference Zhu, F., Zou, S., & Xu, H. (2017). Launching Reverse-Innovated Product from Emerging Markets to MNC’s Home Market: A Theoretical Framework for MNC’s Decisions. International Business Review, 26(1), 156–163.CrossRef Zhu, F., Zou, S., & Xu, H. (2017). Launching Reverse-Innovated Product from Emerging Markets to MNC’s Home Market: A Theoretical Framework for MNC’s Decisions. International Business Review, 26(1), 156–163.CrossRef
Metadata
Title
Sustainability in Business
Author
Rajagopal
Copyright Year
2021
DOI
https://doi.org/10.1007/978-3-030-51681-9_1