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Corvinus

Sustainable Business Models – What Do Management Theories Say?

Zilahy, Gyula (2016) Sustainable Business Models – What Do Management Theories Say? Vezetéstudomány - Budapest Management Review, 47 (10). pp. 62-72.

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Abstract

Literature describing the notion and practice of business models has grown considerably over the last few years. Innovative business models appear in every sector of the economy challenging traditional ways of creating and capturing value. However, research describing the theoretical foundations of the field is scarce and many questions still remain. This article examines business models promoting various aspects of sustainable development and tests the explanatory power of two theoretical approaches, namely the resource based view of the firm and transaction cost theory regarding their emergence and successful market performance. Through the examples of industrial ecology and the sharing economy the author shows that a sharp reduction of transaction costs (e.g. in the form of internet based systems) coupled with resources widely available but not utilised before may result in fast growing new markets. This research also provides evidence regarding the notion that these two theoretical approaches can complement each other in explaining corporate behaviour.

Item Type:Article
Uncontrolled Keywords:innovative business model, corporate sustainability, industrial ecology, sharing economy, transaction costs, resource based view
Subjects:Knowledge economy, innovation
ID Code:2497
Deposited By: Ádám Hoffmann
Deposited On:27 Oct 2016 15:22
Last Modified:21 Dec 2018 15:18

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