Conceptualizing Sustainable Business Models Aligning with Corporate Responsibility

Cheng-Wen Lee () and Mao-Wen Fu
Additional contact information
Cheng-Wen Lee: Department of International Business, College of Business, Chung Yuan Christian University, Taoyuan 320314, Taiwan
Mao-Wen Fu: Ph.D. Program in Business, College of Business, Chung Yuan Christian University, Taoyuan 320314, Taiwan

Sustainability, 2024, vol. 16, issue 12, 1-31

Abstract: Our research is dedicated to developing sustainable business models (SBMs). In this study, we review numerous empirical articles, reviews, and papers on SBMs, including 17,412 SCIE articles and 17,237 SSCI papers, published between 2009 and 2023. Our research provides guidance on how to achieve and maintain sustainability. We identify the most effective practices for conceptualizing an SBM. Our citations of over 130 articles highlight the importance of integrating corporate actions and consequences across the environmental, societal, and economic spheres, while also considering stakeholder engagement and long-term perspectives. We also emphasize the need to move beyond the traditional dichotomous treatment of SBMs and reflect more contemporary practices. To provide a more practical explanation, we use fuzzy set qualitative comparative analysis to predict the future evolution of SBMs from a corporate responsibility perspective, drawing on the lessons of the China phenomenon. This approach clarifies how the theoretical and practical elements obtained from the literature correspond with the new SBMs.

Keywords: business model; stakeholder perspective; corporate responsibility; ESG (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/16/12/5015/pdf (application/pdf)
https://www.mdpi.com/2071-1050/16/12/5015/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:16:y:2024:i:12:p:5015-:d:1413495

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().