| Title | Developing Sustainable Business Models: A Microfoundational Perspective |
|---|---|
| ID_Doc | 33994 |
| Authors | Ringvold, K; Saebi, T; Foss, N |
| Title | Developing Sustainable Business Models: A Microfoundational Perspective |
| Year | 2023 |
| Published | Organization & Environment, 36, 2 |
| Abstract | Sustainable business models (SBMs) integrate economic with social and/or environmental value creation. Many relevant aspects of organizing for sustainable business model innovation (SBMI) have yet to be accounted for to understand how firms can add a new SBM to their already existing portfolio of business models. Specifically, how the development of a new SBM is influenced by managers' cognitions, capabilities, behaviors, and interactions, and how the SBMI process can be supported by organizational processes and structures is less well understood. Taking a microfoundational approach, we identify the capabilities at the managerial and organizational level that enable established firms to add a new SBM to their business model portfolio. In a longitudinal study, we explore how Telenor, a multinational telecommunications company headquartered in Norway, introduced a new SBM targeted at providing digital health services in Bangladesh. We offer a framework that highlights key microfoundational elements supporting each of the phases in the SBMI process. |
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