The catalytic role of sustainability transitions for business models

Ludeke-Freund, Florian, Wells, Peter ORCID: https://orcid.org/0000-0002-4376-7178 and Aagaard, Annabeth 2024. The catalytic role of sustainability transitions for business models. Aagaard, Annabeth, ed. Business Model Innovation: Game Changers and Contemporary Issues, Basingstoke: Palgrave Macmillan, pp. 127-156. (10.1007/978-3-031-57511-2_5)

PDF - Published Version Available under License Creative Commons Attribution. Download (447kB)

Abstract

In the dynamic realm of global business and the pressing climate crisis, the need for sustainability transitions has become a pivotal catalyst for change, fundamentally reshaping the core tenets of companies’ business models. In this chapter, we delve into the notion of sustainability transitions and discuss the dynamic interplay between business models and the broader socio-technical contexts in which they operate. The chapter argues that sustainability transitions are a game-changing lens through which businesses can understand, respond to, and influence the changing world around them. This leads to reflections on the nature of so-called business models for sustainability transitions (BMfST), which might become a new breed of sustainability-oriented business models. The chapter concludes with illustrations of three categories of business models which represent antecedents of future BMfST, as well as a set of tentative principles for thinking about business model design catalysed by sustainability transitions.

Item Type:	Book Section
Date Type:	Published Online
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Palgrave Macmillan
ISBN:	9783031575105
Date of First Compliant Deposit:	6 August 2024
Last Modified:	06 Aug 2024 11:30
URI:	https://orca.cardiff.ac.uk/id/eprint/171152

Actions (repository staff only)

Edit Item