A Value Centric Framework for Developing Sustainable Business Models in Social Business Innovation and Social Entrepreneurship
A Value Centric Framework for Developing Sustainable Business Models in Social Business Innovation and Social Entrepreneurship

Summary/Abstract: In the realm of enduring business models, the imperatives for sustainable innovation, operational efficiency, and societal accountability are paramount. However, these critical elements, when leveraged in isolation, fall short of catalyzing the transformative innovation necessary for true sustainability. The challenge intensifies when attempting to realize long-term innovation and sustainability in business models that rely solely on piecemeal approaches, undermining the holistic integration essential for minimizing risks. The concept of the triple bottom line, which encapsulates economic, environmental, and social sustainability, plays a pivotal role in fostering long-term growth and stability. Embedding these sustainable social innovations into the fabric of business operations and objectives is crucial for maintaining competitiveness in the global marketplace. While numerous social innovative strategies have demonstrated success independently, their collective impact is significantly enhanced when unified under a cohesive theme. This study meticulously reviews a broad spectrum of literature to classify various sustainable social business models into a coherent framework, utilizing case studies and industry insights. By elucidating the classification and mechanisms of these models, this research aims to provide practitioners with actionable insights and a unified language to expedite the adoption of sustainable practices within their entrepreneurial business operations. Sustainability in business requires a focus on innovation, efficiency, and social responsibility. However, addressing these elements separately limits the transformative potential for true sustainability. Piecemeal approaches in business models hinder long-term sustainability and innovation. This research proposes a comprehensive framework aimed at cultivating sustainable business models within the realm of social business innovation and entrepreneurship, grounded in a systematic examination of existing literature and empirical case studies. By advocating for the integration of the triple bottom line principles—economic viability, environmental stewardship, and social equity. This framework seeks to address the complex interdependencies between these domains. The study delineates various archetypes of sustainable social business models, providing a theoretical foundation and practical guidance for the operationalization of sustainability principles in entrepreneurial ventures. It emphasizes the critical need for a holistic approach to sustainability, proposing a structured methodology for embedding these principles into the core strategies of social enterprises.

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