The current global economic paradigm, centred on growth, is a significant barrier in the transition towards a sustainable society. Business-as-Usual companies operating within this paradigm are perceived to prosper at the expense of society and environment which is not viable on a finite planet. The need to rethink the purpose of business is inevitable as maximising shareholder value, has been deemed insufficient to create a sustainable society.
This study aimed to explore: how business models can be used to create value that supports Strategic Sustainable Development. Previous research proposed that the concept of Business Models for Sustainability helps business place sustainability at the core of all consideration. A qualitative research was chosen for which we employed the Framework for Strategic Sustainable Development and combined a literature review with an investigation of three expert groups to answer our research question.
Our findings showed that, compared to other value forms, system value is the most appropriate concept for businesses striving towards sustainable development. Based on our findings, six themes emerged that businesses need to address to accelerate the speed of change towards sustainability. To make a relevant contribution to the intended audience, a prototype has been developed based on our findings.
Inhaltsverzeichnis (Table of Contents)
- Abstract
- Statement of Contribution
- Acknowledgements
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This study aims to explore how business models can be used to create value that supports Strategic Sustainable Development. The research utilizes the concept of Business Models for Sustainability and examines how these models can help businesses prioritize sustainability.
- Strategic Sustainable Development
- Business Models for Sustainability
- System Value
- Shared Value
- Sustainability
Zusammenfassung der Kapitel (Chapter Summaries)
- Abstract: This section provides an overview of the research's focus on exploring the role of business models in creating value that supports Strategic Sustainable Development.
- Statement of Contribution: This section highlights the collaborative nature of the thesis project, emphasizing the diverse strengths and contributions of each team member.
- Acknowledgements: This section expresses gratitude to the individuals and organizations who provided support and guidance throughout the research process.
Schlüsselwörter (Keywords)
The main keywords and focus topics of the text include Strategic Sustainability, Framework for Strategic Sustainable Development, Business Model for Sustainability, System Value, Shared Value, and Sustainability. These terms represent the core concepts and research areas explored within the thesis.
Frequently Asked Questions
What is "Strategic Sustainable Development" (SSD)?
SSD is a framework for rethinking business purposes beyond profit, placing sustainability at the core of all considerations to create a sustainable society.
What is "System Value" in a business context?
System value is the concept that businesses should create value that benefits the entire global system, rather than just maximizing individual shareholder wealth.
Why is the current economic paradigm seen as a barrier?
The current paradigm's focus on infinite growth is considered unsustainable on a finite planet, often prospering at the expense of society and the environment.
What are Business Models for Sustainability?
These are business models designed to integrate environmental and social goals into the core value proposition and operations of a company.
What was the methodology used in this study?
The researchers used a qualitative approach, combining a literature review with investigations of three expert groups using the Framework for Strategic Sustainable Development.
- Quote paper
- Sophia von Petersdorff (Author), 2018, The Purpose of Business. Where Value meets Strategic Sustainable Development, Munich, GRIN Verlag, https://www.grin.com/document/430994
