Week 8

Question 1

Business model canvas components

Answer 1

• Value creation
• Value delivery
• Value proposition
• Value capture

Question 2

Value creation and delivery

Answer 2

how firm creates and delivers value to consumers:
Key partners, key activities, key resources, customer relationships, customer segmnents, channels

Question 3

Value proposition

Answer 3

What the firm delivers to customers

Question 4

Value capture

Answer 4

how the firm generates revenue and profit

Question 5

Business model innovation

Answer 5

Change in the configuration of the business model, parts or the whole

Question 6

Sustainable Business Model

Answer 6

Value creation can also be in people, planet instead of only profit
Proactive multi stakeholder engagement
Time horizon is long term

Question 7

Main subcategories SBM

Answer 7

Circular business model
Social enterprise
Bottom of pyramid
Product service system

Question 8

trade offs

Answer 8

going more sustainable must also look at rebound effects

Question 9

Degrowth

Answer 9

Scaling down production, difference in low and high income countries.

Question 10

Technological SBMI

Answer 10

Maximizing energy and meterial efficiency
Creating value form waste
Substitute with renewables and natural processes

Question 11

Social SBMI

Answer 11

Deliver functionality rather than ownership
Adopt stewardship style (generates brand value and premium pricing)
Encourage sufficiency

Question 12

Organizational SBMI

Answer 12

Repurpose for society/environment
Develop/scale solution

Question 13

Configurations of SBMI

Answer 13

Social startup
SBM transformation
SBM Diversification
SBM acquisition

Question 14

Social startup

Answer 14

new SBM is created
+ can build from scratch and disruptive innovation is easier
- lacking resources and legitimacy

Question 15

SBM transformation

Answer 15

changed SBM of business
+ has resources and ligitimacy
- organizational inertia

Question 16

SBM diversification

Answer 16

current BM remains, SBM is added
+ no change needed
- risk of greenwashing and that the core philosohpy is not changed

Question 17

SBM acquisition

Answer 17

SBM acquired and integrated in an organization
+ may secure survival
- could prevent organization from doing even more for the market

Question 18

Khmara 7 categories

Answer 18

1. Alternative understanding of business
2. Form business activity to activism and social movement
3. Collaborative value creation
4. Democratic governance
5. Corporate leaders’ commitment to company values in personal life
6. Reduction of environmental impacts at all stages of product/service life-cycle
7. Making products that last and are repairable

Question 19

dimensions of proximity

Answer 19

cognitive
organizational
social
institutional
geographical

Question 20

cognitive proximity

Answer 20

understanding each other
problems: risk of competency trap, involuntary spillover

Question 21

organizational proximity

Answer 21

inter: relation of similarity
intra: relation of membership
Problems: lock in, hold up, lack of freedom, flexibility

Question 22

Social proximity

Answer 22

trust based, kinship and experience
problems: long term commitment, underestimation of opportunistic behavior

Question 23

institutional proximity

Answer 23

formal: laws, rules
informal: norms, values
problems: lock in, institutional inertia

Question 24

Geopgraphical proximity

Answer 24

spatial or physical distance between actors
problem: spatial lock in

Question 25

ambidexterity

Answer 25

exploitation and exploration