L5: Sustainable business models Flashcards
What are the multiple roles that business models can play simultaneously, according to the information provided? (baden-fullet et al)
Business models can function as exemplars, scientific models, and recipes simultaneously, catering to different firms and purposes.
How does the concept of business models challenge fixed taxonomies or typologies?
The analysis of business models prompts the expansion of taxonomies and typologies, shedding new light on their nature and role.
In what way do business models function as scientific models, according to the information? (baden-fuller)
Business models function as model organisms, representing a class of entities, and as schemas in academic slides or economic models, enabling scholars to generate concepts, theories, and investigate empirical domains.
What analogy is used to explain the nature of business models, and how does it enable variation and innovation?
Business models are likened to recipes, enabling variation and innovation within constraints, used by managers to motivate strategy changes and experiment with organizations.
Why are business models considered challenging to grasp despite their pervasiveness?
Business models are challenging to grasp due to their multifaceted nature, but their versatility offers potential rewards for future management research.
How does the concept of business models contribute to expanding our understanding of business phenomena?
The concept of business models, used as classifying devices, provides valuable ways to expand our understanding of business phenomena and the development of ideal types.
What is the significance of the analogy between business models and role models?
The analogy between business models and role models explains how the notion of business models enables the classification of businesses in a taxonomy or a typology
What role do specific business models play, likened to recipes?
Specific business models function like recipes, serving as practical models of technology that are ready for copying, but also open for variation and innovation.
How does the use of business models play a central role in progressing management thinking, as mentioned in the information? (baden-fuller)
The use of business models plays a central role in progressing management thinking by serving as instruments of scientific inquiry, classifying devices, and practical models of technology.
What is the distinction between taxonomy and typology, as explained in the information?
Taxonomy involves being the classes (or kinds) of things observed in the world, developed from empirical work, while typology delineates types of things (or events) decided theoretically or conceptually by the scientist, top down.
How is Sustainable Business Model Innovation (SBMI) defined?
SBMI is defined as innovation aimed at creating significant positive impacts and significantly reducing negative impacts for the environment and society through changes in the way the organization and its value network create, deliver, and capture value.
What are the direct business benefits of SBMI mentioned in the information? (bocken et al)
Direct business benefits of SBMI include cost savings, new revenue streams, being ahead of future stakeholder concerns and legislations, and improving organizational resilience, reputation, and employee attractiveness.
What is the significance of dynamic capabilities in the context of SBMI?
Dynamic capabilities, such as sensing, seizing, and transforming, enable corporations to adjust, recombine, and create ordinary capabilities, facilitating SBMI at the organizational level.
What are the three levels at which barriers and drivers for SBMI are identified?
The three levels are institutional barriers and drivers, strategic barriers and drivers, and operational barriers and drivers.
How does SBMI address long-standing sustainability challenges, as mentioned in the information?
SBMI holds great potential to address long-standing sustainability challenges by creating significant positive impacts and reducing negative impacts on the environment and society.
