| Title |
The governance of sustainable business model innovation-An Ordonomic Approach |
| ID_Doc |
34091 |
| Authors |
Pies, I; Schultz, FC |
| Title |
The governance of sustainable business model innovation-An Ordonomic Approach |
| Year |
2023 |
| Published |
Scandinavian Journal Of Management, 39, 1 |
| DOI |
10.1016/j.scaman.2022.101246 |
| Abstract |
This paper develops an ordonomic approach to the governance of sustainable business model innovation (SBMI). We clarify the distinctive roles of optimization and governance for the management of sustainable value net-works and develop a sustainability cube as a new management tool for the governance of SBMI. Our cube helps management to identify and overcome social dilemmas within value networks, i.e. to form and reform relevant business relationships, thus creating and tapping second-order win-win-win potentials. Furthermore, our cube encourages management to interpret negative externality problems as "missing markets", i.e. as an entrepre-neurial challenge and as a business opportunity to serve as yet unmet needs. Finally, our cube offers an avenue to develop and strengthen the specific management competencies that foster a successful governance of SBMI. |
| Author Keywords |
Sustainable business model innovation; Corporate sustainability; Sustainable value creation; Governance; Ordonomics; Second-order win-win-win potentials |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:000901711200002 |
| WoS Category |
Management |
| Research Area |
Business & Economics |
| PDF |
https://doi.org/10.1016/j.scaman.2022.101246
|