Transformational Business Models, Grand Challenges, and Social Impact

Ignasi Marti
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Ignasi Marti: EM - EMLyon Business School

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Abstract: The starting premise of this paper is that business models can transform social reality—sometimes to an extreme. Then, building on the concept of "grand challenges," we argue that such transformations can be either positive or negative in nature (or both)—even in the case of business models designed to improve value not only economically but environmentally and socially as well. To further our understanding of the negative aspects, we introduced two conceptual categories of business model: those for oppression or depletion and exclusionary ones. We further argue that bringing the notion of grand challenges center-stage highlights four elements that can contribute to emerging research and inform practice on transformational business models. These elements are: participatory forms of architecture; multivocal inscriptions; scaffolding; and proximity (understood as a caring concern for the "other"). They are central components of what we name transformational business models.

Keywords: Business models; Social impact; Grand challenges; Exclusionary business models; Business models for oppression and depletion; Transformational business models (search for similar items in EconPapers)
Date: 2018-11-01
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Published in Journal of Business Ethics, 2018, 152 (4), 965-976 p

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02312172

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