Open AccessInnovation Ecosystem for Sustainable Business Model Development: Practical Insights
Author(s) -
Žaneta Stasiškienė,
Evelina Meilienė,
Rūta Čiutienė,
Jūratė Petkevičienė
Publication year - 2021
Publication title -
aplinkos tyrimai, inžinerija ir vadyba
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.223
H-Index - 5
eISSN - 2029-2139
pISSN - 1392-1649
DOI - 10.5755/j01.erem.77.2.29056
Subject(s) - leverage (statistics) , business ecosystem , sustainability , business model , competitive advantage , business , sustainable business , context (archaeology) , sustainable development , knowledge management , key (lock) , process management , new business development , industrial organization , computer science , marketing , political science , ecology , geography , computer security , machine learning , biology , archaeology , law
The capability to rapidly and successfully move into new business models is an important source of sustainable competitive advantage and a key leverage to improve the sustainability performance place-based innovations of organizations. However, the performed research suggests that many business model innovations fail. Despite the importance of the topic, the reasons for failure are relatively unexplored, and there is no comprehensive review of the successful sustainable business model innovation framework. This paper provides a review of drivers and barriers for sustainable business innovations in the context of ecosystem and its services.