Innovation Ecosystem for Sustainable Business Model Development: Practical Insights

Authors

  • Prof. Dr. Žaneta Stasiškienė Kaunas University of Technology, Institute of Environmental Engineering
  • Evelina Meilienė Kaunas University of Technology, School of Economics and Business https://orcid.org/0000-0001-5299-9803
  • Rūta Čiutienė Kaunas University of Technology, School of Economics and Business
  • Jūratė Petkevičienė Kaunas University of Technology, Institute of Environmental Engineering

DOI:

https://doi.org/10.5755/j01.erem.77.2.29056

Keywords:

sustainable business model, innovation ecosystem, place-based innovations, co-creation

Abstract

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.

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Published

2021-07-02

Issue

Vol. 77 No. 2 (2021)

Section

Articles

License

Copyright (c) 2021 Environmental Research, Engineering and Management

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