Environmental sustainability creates both tremendous business
opportunities and formidable threats to established companies across
virtually all industry sectors. Yet many companies tackle the issue in a
superficial or passive way, rather than considering fundamental changes
to their existing business models. By ignoring the opportunities of
Green Business Model Transformations, companies exclude themselves from
a large variety of potential means to create economic value. In addition
to ordinary product and process innovations, they can change "the rules
of the game" within an industry towards environmental sustainability.
Green Business Model Transformations, however, are challenging ventures:
New, green business models with all their uncertainties and inherent
complex systemic characteristics are difficult to design, assess, and
implement successfully, particularly in the context of established
companies that often entail complex structures and considerable
inertia.
As a result, there is a great need for guidance in management practice.
This publication addresses this need with a general approach to
Managing Green Business Model Transformations that is based on a broad
theoretical foundation, illustrated by many real-world examples from
various industry sectors.