To address the grand challenges that society faces, incremental change and gradual organizational renewal are not sufficient. A radical transformation of business models is needed. In this paper, we explore game-changer business models that incorporate sustainability principles into their organizational DNA. We draw on two examples from the agrifood sector to illustrate the components of the business model, the impact of Industry 4.0 technologies and the sustainability outcomes. We reinforce the importance of collaboration between policymakers, business leaders and researchers to identify, promote and scale up these business models for transformative societal change.
Citation
Sinkovics, R. R., Gunaratne, D., & Sinkovics, N. (2023). Game-changer business models for sustainable development. Transnational corporations, 30(3), 119-127. https://doi.org/10.18356/2076099x-30-3-8
business model innovation, game-changer business models, grand challenges, Industry 4.0 technologies, scaling, sustainability, JEL classification codes: D20, L20, M13, O14, Q01
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
Take urgent action to combat climate change and its impacts
Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
Strengthen the means of implementation and revitalize the global partnership for sustainable development
