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Creating Value Via Sustainable Business Models and Reverse Innovation

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Sustainable Business Models

Part of the book series: CSR, Sustainability, Ethics & Governance ((CSEG))

Abstract

This paper focuses on the perspective of commercialising innovation in the quest to create sustainable value. Against a background of a growing societal awareness of global sustainability challenges, which both threaten mankind’s prospects for long-term survival while simultaneously presenting huge potential to create new economic opportunity, it systematically examines a selection of key concepts related to New Business Models (NBM) and Reverse Innovation (RI) via a qualitative, theoretical approach. Linking corporate responsibility with organisational value creation structures and processes at the interface between business and society, the authors critically examine the potential effects of RI as a mechanism for enabling pathways and solutions to achieve sustainable value creation (SVC). By defining the relevant key terms, conceptualising the RI process which derives from a Base of the Pyramid (BoP) context, and by presenting case study examples of RI in action, the authors investigate the characteristics and critical success factors of successful NBMs. This highlights the prospects of NBMs and RI for optimally leveraging organisations as catalysts for positive change in society. They tentatively conclude, that this theoretical study of the SVC potential of RI strategies, furnishes initial evidence to indicate that RI can play a valuable role within a NBM context.

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Notes

  1. 1.

    Jugaad is a colloquial Hindi-Urdu word meaning an ‘innovative fix’ or an ‘improvised solution’ born from ingenuity, cleverness, and resourcefulness (Radjou et al. 2012a, b).

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Acknowledgments

The authors express their sincere gratitude to Professor Dr. Piotr Zmuda, from the FOM, University of Applied Sciences in Germany, whose valuable input was very much appreciated during the development phase of this paper.

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Authors and Affiliations

  1. Cracow University of Economics, Cracow, Poland

    Marek Ćwiklicki

  2. FOM University of Applied Sciences, Essen, Germany

    Linda O’Riordan

Authors
  1. Marek Ćwiklicki
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  2. Linda O’Riordan
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Correspondence to Marek Ćwiklicki .

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Editors and Affiliations

  1. Antwerp Management School, Antwerp, Belgium

    Lars Moratis

  2. NHTV Breda University of Applied Science, Breda, The Netherlands

    Frans Melissen

  3. Guildhall Faculty of Business and Law, London Metropolitan University, London, United Kingdom

    Samuel O. Idowu

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Ćwiklicki, M., O’Riordan, L. (2018). Creating Value Via Sustainable Business Models and Reverse Innovation. In: Moratis, L., Melissen, F., Idowu, S. (eds) Sustainable Business Models. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-73503-0_8

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