SEE L4 Creating Environmental Value CVS

Question 1

What happens when environment is NOT seen as a stakeholder?

Answer 1

Society and business ignore environmental damaging negative externalities

Question 2

What happens when environment IS seen as a stakeholder?

Answer 2

Society and business can reduce negative externalities, a triple bottom line value proposition

Question 3

What does this sentence mean? “Business models can be designed to take a Triple Bottom Line approach”

Answer 3

1) Value capture for owners & investors
2) Value creation for: customers, society, and environment

Question 4

What is the business model framework? And with what is it combining with?

Answer 4

1) Value proposition
2) Value creation & delivery
3) Value capture
With the 8 business model archetypes

Question 5

How do you transition from a normal business model towards a triple bottom line business model? And give each component of the business models

Answer 5

Normal business model:
- Capturing economic value
- Value proposition
- Creating customer value

Transition = Business model innovation

Triple bottom line business model:
- Capturing economic value
- Sustainable value proposition
- Creating social value
- Creating environmental value
- Creating customer value

Question 6

What are the macro trends regarding creating environmental value?

Answer 6

1) Consumer awareness
2) Circular economy
3) Corporate social responsibility
4) Sharing economy and collaborative consumption
5) Technological innovation