Impact of Crisis on Sustainable Business Model Innovation—The Role of Technology Innovation

Linlin Zheng, Yashi Dong, Jineng Chen (), Yuyi Li, Wenzhuo Li () and Miaolian Su
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Linlin Zheng: Business School, Huaqiao University, 269 Chenghuabei Road, Quanzhou 362021, China
Yashi Dong: Business School, Huaqiao University, 269 Chenghuabei Road, Quanzhou 362021, China
Jineng Chen: Graduate School, St. Paul University Philippines, Cagayan 3500, Philippines
Yuyi Li: School of Marxism, South China Normal University, 55 Zhongshanxi Road, Guangzhou 510631, China
Wenzhuo Li: Business School, HoHai University, Fucheng West Road, Nanjing 211100, China
Miaolian Su: Business School, Huaqiao University, 269 Chenghuabei Road, Quanzhou 362021, China

Sustainability, 2022, vol. 14, issue 18, 1-28

Abstract: The transformation of old and new technologies, the normalized crisis situation, and global economic integration blur industrial boundaries and cause the business pattern to fluctuate and become unsustainable, especially when considering the impact of the COVID-19 pandemic. This study focuses on crisis situations and combines the types of technology innovation (introduction, socialization, and differentiation) and sustainable business model innovation (efficiency, novelty, and co-benefit innovations) to theoretically analyze the dynamic impact of technology innovation on different types of sustainable business model innovations. Using a multi-case comparative analysis method, typical enterprises are selected as the sample cases. This study discusses the influences of different technology innovation schemes on sustainable business model innovation in different crisis situations. Enterprises should consider introducing technology for rapid value updates to maintain an efficient business model in an urgent production factor crisis, search for valuable and scarce technical components or introduce other entities to facilitate technical cooperation and form a novel business model in a market environment crisis, and use big data, artificial intelligence, and other technologies to create co-benefit business model innovation in a business ethics crisis. The conclusion guides enterprises and provides a framework for the optimal technical scheme under the corresponding crisis.

Keywords: crisis; technology innovation; sustainable business model innovation; market environment (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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