| Title |
How can businesses drive sufficiency? The business for sufficiency framework |
| ID_Doc |
18294 |
| Authors |
Niessen, L; Bocken, NMP |
| Title |
How can businesses drive sufficiency? The business for sufficiency framework |
| Year |
2021 |
| Published |
|
| DOI |
10.1016/j.spc.2021.07.030 |
| Abstract |
The breaching of planetary boundaries and excessive extraction of natural resources requires a revisited approach to consumption and production. The concept of sufficiency, which advocates meeting human needs within the planetary limits by curbing excessive consumption levels, is gaining increasing attention. Businesses are drivers of consumption, yet they have been largely overlooked as potential leaders towards a sufficiency-based economy and research on businesses driving sustainable consumption strategically is still a niche. The methods applied here are a literature and practice review and interviews to understand the state-of-the-art in sufficiency-orientated business strategies and develop a framework for future research and practice. Merging English- and German-language research, a base matrix of the waste hierarchy and the four lessens is presented. This matrix is populated with business sufficiency strategies, condensing existing work and creating the 'Business for Sufficiency' (BfS) framework. Empirical research with businesses already employing sufficiency strategies refines and validates the framework and sheds light on the viability, desirability, feasibility and sustainability of such offers, highlighting barriers and opportunities. The most prevalent strategies fall into the Rethink framework dimension which require the least radical changes. In addition, interviewees highlighted obstacles in reconciling more radical strategies such as Moderating sales with their financial sustainability. Yet, all interviewees stressed the need for reduced consumption and the role that business should play in enabling sufficiency, demonstrating the relevance of this topic for future research and practice. (C) 2021 The Author(s). Published by Elsevier B.V. on behalf of Institution of Chemical Engineers. |
| Author Keywords |
Sufficiency; Sufficiency economy; Sustainable consumption; Sustainable business; Sustainable business strategy; Sustainable business model |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000701869900006 |
| WoS Category |
Green & Sustainable Science & Technology; Environmental Studies |
| Research Area |
Science & Technology - Other Topics; Environmental Sciences & Ecology |
| PDF |
https://doi.org/10.1016/j.spc.2021.07.030
|