Drivers of sustainable business model innovations. An upper echelon theory perspective

Amandeep Dhir, Sher Jahan Khan, Nazrul Islam, Peter Ractham and N. Meenakshi

Technological Forecasting and Social Change, 2023, vol. 191, issue C

Abstract: This study explores the factors that drive the adoption of sustainable business model innovations (SBMIs). In this mixed-method (qualitative and quantitative) study, we draw on upper echelon theory to identify the factors that have led firms to switch from conventional products and processes to sustainable business innovation. This study of senior managers uses qualitative data to understand the mechanisms adopted by top management to make the switch to SBMIs. Data was gathered from 285 middle managers to empirically validate the theoretical model. The study concludes that in the top management team (TMT), ambidextrous learning has a positive association with the firm's decision to adopt SBMIs. However, TMT diversity and university-industry collaboration are positively associated with ambidextrous learning by top management and, subsequently, the adoption of SBMIs. Our findings also suggest that transformational leadership positively moderates the association between TMT diversity and ambidextrous learning. However, the impact on the relationship between collaboration and ambidextrous learning is negative.

Keywords: Sustainable business model innovation; TMT diversity; Top management team; University-industry collaboration; Ambidextrous learning; Transformational leadership (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:191:y:2023:i:c:s004016252300094x

DOI: 10.1016/j.techfore.2023.122409

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