Sustainable Business Model Innovation: A Quantitative Analysis of Relevant Factors

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Date

2023

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Institute of Electrical and Electronics Engineers Inc.

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Industrial Engineering
(1998)
Industrial Engineering is a field of engineering that develops and applies methods and techniques to design, implement, develop and improve systems comprising of humans, materials, machines, energy and funding. Our department was founded in 1998, and since then, has graduated hundreds of individuals who may compete nationally and internationally into professional life. Accredited by MÜDEK in 2014, our student-centered education continues. In addition to acquiring the knowledge necessary for every Industrial engineer, our students are able to gain professional experience in their desired fields of expertise with a wide array of elective courses, such as E-commerce and ERP, Reliability, Tabulation, or Industrial Engineering Applications in the Energy Sector. With dissertation projects fictionalized on solving real problems at real companies, our students gain experience in the sector, and a wide network of contacts. Our education is supported with ERASMUS programs. With the scientific studies of our competent academic staff published in internationally-renowned magazines, our department ranks with the bests among other universities. IESC, one of the most active student networks at our university, continues to organize extensive, and productive events every year.

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Abstract

To integrate sustainability targets into a company's business model, one potential mechanism is sustainable business model innovation (SBMI). It defines how new business models are developed to change organizations' existing business model targets for sustainable development. Despite SBMI's great potential to address industries' long-standing sustainability challenges, it is not fully adopted in practice. This study through a DEMATEL technique strives to outline the possible actions that need to be taken before implementing SBMI to enhance the success rate. The current study investigates the most significant and necessary actions through strategic, institutional, and operational segments. Results suggest that action programs at organizations' strategic- and institutional levels are more critical to have a successful SBMI implementation. Moreover, our results indicate that innovation or more clearly how innovation is practiced within an organization is key to fully unlocking the SBMI's potential. © 2023 IEEE.

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Keywords

business model, sustainability, Sustainable business model innovation

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Proceedings - 2023 International Conference on Innovation, Knowledge, and Management, ICIKM 2023 -- 12th International Conference on Innovation, Knowledge, and Management, ICIKM 2023 -- 9 June 2023 through 11 June 2023 -- Portsmouth -- 195735

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Issue

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10

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14

URI

https://doi.org/10.1109/ICIKM59709.2023.00011
 https://hdl.handle.net/20.500.14411/4155

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Scopus