| Title | Business model innovation for reducing uncertainty in sustainability transitions: A case study of the wood construction industry |
|---|---|
| ID_Doc | 78526 |
| Authors | Abadzhiev, A; Sukhov, A; Johnson, M |
| Title | Business model innovation for reducing uncertainty in sustainability transitions: A case study of the wood construction industry |
| Year | 2024 |
| Published | |
| Abstract | Sustainability transitions are a significant challenge that requires established industries to adopt innovative ways of doing business. Research suggests that while this is possible through business model innovation (BMI), risk avoidance by regime actors and high levels of future uncertainty act as barriers to successful transitions. Specifically, we lack knowledge about how established companies innovate their business model (BM) to reduce uncertainty related to sustainability transitions. We explore the case of a large forest-based manufacturing company in the construction industry, Stora Enso. We find that, by pursuing transformative BMI and combining multiple value creation logics, a company can reduce different types of uncertainty while shaping its business ecosystem towards more sustainable opportunities. We show that the BM can serve as an organizational tool for collectively exploring new knowledge, reducing uncertainty and driving change in a business ecosystem. |
Similar Articles
| ID | Score | Article |
|---|---|---|
33930
|
Evans, S; Vladimirova, D; Holgado, M; Van Fossen, K; Yang, MY; Silva, EA; Barlow, CY Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models(2017)Business Strategy And The Environment, 26, 5 | |
| 24136
|
Hernández-Chea, R; Jain, A; Bocken, NMP; Gurtoo, A The Business Model in Sustainability Transitions: A Conceptualization(2021)Sustainability, 13, 11 | |
| 34091
|
Pies, I; Schultz, FC The governance of sustainable business model innovation-An Ordonomic Approach(2023)Scandinavian Journal Of Management, 39, 1 | |
| 78255
|
Proka, A; Beers, PJ; Loorbach, D Transformative Business Models for Sustainability Transitions(2018) | |
| 34158
|
Berntsen, T; Aas, TH; Hunnes, JA Balancing contradictory demands during the transition to a business model portfolio for sustainability(2023)Cogent Business & Management, 10, 3 | |
| 34088
|
Snihur, Y; Bocken, N A call for action: The impact of business model innovation on business ecosystems, society and planet(2022)Long Range Planning, 55, 6 | |
| 33951
|
Geissdoerfer, M; Vladimirova, D; Evans, S Sustainable business model innovation: A review(2018) | |
| 33830
|
Mignon, I; Bankel, A Sustainable business models and innovation strategies to realize them: A review of 87 empirical cases(2023)Business Strategy And The Environment, 32, 4 | |
| 33835
|
Bocken, N; Boons, F; Baldassarre, B Sustainable business model experimentation by understanding ecologies of business models(2019) | |
| 18674
|
Minatogawa, V; Franco, M; Rampasso, IS; Holgado, M; Garrido, D; Pinto, H; Quadros, R Towards Systematic Sustainable Business Model Innovation: What Can We Learn from Business Model Innovation(2022)Sustainability, 14.0, 5 |