| Title | Creating Integrated Value Through Sustainable Innovation: A Conceptual Framework |
|---|---|
| ID_Doc | 74557 |
| Authors | Visser, W |
| Title | Creating Integrated Value Through Sustainable Innovation: A Conceptual Framework |
| Year | 2018 |
| Published | |
| Abstract | In the context of a plethora of worsening social, environmental and ethical negative conditions often associated with economic growth and industrial activity, Integrated Value is proposed as a conceptual and practical framework for business to respond credibly and effectively as a force for innovation and solutions. In order to do so, the chapter begins by asking: how is value to society currently being destroyed by economic activities? Taking a systems science perspective, the answer is: whenever it causes fragmentation, or disintegration. This disintegration in society occurs in at least five principle ways, namely the five forces of fragmentation: disruption, disconnection, disparity, destruction and discontent. The next question is: how might this value destruction in society be countered or reversed? We find clues in innovations that are occurring in five emerging economic spheres: the resilience, exponential, access, circular and wellbeing economies. In each of these areas, there are breakthrough business models, practices, products and services that are building, rather than destroying, societal value. These are the five pathways to innovation, defined in terms of the desired future state they are trying to advance, which is a society that is more secure, smart, shared, sustainable and satisfying. Four strategic value-creation options are then described (singular, focused, diffuse and integrated value) before citing illustrative cases and describing the seven steps of a methodology to implement integrated value. |
Similar Articles
| ID | Score | Article |
|---|---|---|
78792
|
Glauner, F Redefining economics: why shared value is not enough(2019)Competitiveness Review, 29, 5 | |
| 659
|
Stec, T; Zwolinski, P Using Values Management for Shifting Companies to Circular Economy(2018) | |
| 34064
|
Oskam, I; Bossink, B; de Man, AP Valuing Value in Innovation Ecosystems: How Cross-Sector Actors Overcome Tensions in Collaborative Sustainable Business Model Development(2021)Business & Society, 60, 5 | |
| 65304
|
Cwiklicki, M; O'Riordan, L Creating Value Via Sustainable Business Models and Reverse Innovation(2018) | |
| 77952
|
Morioka, SN; Bolis, I; Evans, S; Carvalho, MM Transforming sustainability challenges into competitive advantage: Multiple case studies kaleidoscope converging into sustainable business models(2017) | |
| 18639
|
Diepenmaat, H; Kemp, R; Velter, M Why Sustainable Development Requires Societal Innovation and Cannot Be Achieved without This(2020)Sustainability, 12.0, 3 | |
| 33976
|
Evans, S; Fernando, L; Yang, MY Sustainable Value Creation-From Concept Towards Implementation(2017) | |
| 34797
|
Short, SW; Rana, P; Bocken, NMP; Evans, S Embedding Sustainability in Business Modelling through Multi-stakeholder Value Innovation(2013) | |
| 33874
|
Méndez-León, E; Reyes-Carrillo, T; Díaz-Pichardo, R Towards a holistic framework for sustainable value analysis in business models: A tool for sustainable development(2022)Business Strategy And The Environment, 31, 1 | |
| 18340
|
Manninen, K; Laukkanen, M; Huiskonen, J Framework for sustainable value creation: a synthesis of fragmented sustainable business model literature(2024)Management Research Review, 47.0, 1 |