Business Models and Business Modelling: State of the Art

Sustainability is increasingly recognised as a pressing problem facing the modern world. Climate change, resource depletion, social responsibilities of companies—working conditions and practices, community relations, increasing inequality, and persistent poverty and health issues in many parts of the developing world and other growing environmental and social problems illustrate the unsustainable nature of production and consumption across the world. These challenges that shape the mainstream thinking on sustainability require strategic and operational changes to businesses.The following sections will elaborate on the business model and value literature, in particular business model innovation, business modelling frameworks, stakeholders and value network followed by a discussion.