The concept of business models and consequently business model innovation has its foundation in corporate practice, strategic management, and industrial economics. However, business models are not a strategy but constitute the core and driver of a strategy as well as the key for decoding, understanding, and effectively communicating a strategy both within an organization as well as across its business ecosystem. As with Business Model, the Business Model Innovation literature is not well developed. This paper focuses on the effects that can be achieved through business model innovation, in particular organizational sustainability. In this regard, the paper focuses on the organizational design and governance and the role different stakeholders, predominantly customers and partners play in the innovation process towards organizational sustainability. Finally, the ways by which organizational performance is influenced by different business models are also explored, aiming to shed light on this theoretical gap. The results provide insights to manufacturers in developing countries, overcoming their dependence on commoditized products and OEM manufacturing while maintaining a sustainable ecosystem. Finally, implications for theory, policy, and practice are outlined along with the suggestions for future research.
If an organization is trying to do far too much, it will likely not have enough resources, including not enough money to do what it wants to do. One of the most important considerations to have a realistic vision and goals for the organization. If these are not realistic, then many of the other activities in the organization will not be realistic, as well. The solution is not to keep trying to get more money.
If your organization does not have high-quality products, services and programs, then customers’ and clients’ participation will eventually decline as will funding. That’s why it’s so important to do a few things very well, rather than a lot of things not so well. The solution is not to keep trying to get more money to offset deficits. The solution is to pick which products, services and programs you can do very well, do them and keep proving your strong results.
As a result of this study, several themes related to organizational sustainability emerged. Organizations learn based on the engagement of leaders and members, through an understanding and incorporation of organizational history and through responses to external factors and change.
- Public Policy & Climate Change
- Collaborating for Sustainability
- Respecting Aboriginal Rights
- Measuring & Reporting Sustainability
- Sustaining Sustainability Programs
- Educating Consumers