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Sustainable Data-Driven Business Models Based on Knowledge and Innovation Management

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (30 November 2023) | Viewed by 8125

Special Issue Editors


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Guest Editor
Department of Public Communication, Faculty of Communication and Media Studies, Cyprus University of Technology, Limassol, Cyprus
Interests: consumer behaviour; social media marketing; green marketing

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Guest Editor
Department of Economics, University of Campania “Luigi Vanvitelli”, Capua, Italy
Interests: entrepreneurship; digitalisation; sustainability

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Guest Editor
Department of Economics, University of Campania “Luigi Vanvitelli”, Capua, Italy
Interests: entrepreneurship; servitization; sustainability

Special Issue Information

Dear Colleagues,

Continuous economic growth has led to environmental degradation as we are witnessing it now, far from a sustainable outlook, and therefore economic systems need to be changed (Meadows et al. 1972; Martínez-Alier et al. 2010; van den Bergh and Kallis, 2012). Moreover, overconsumption and overdevelopment are being acknowledged as problems by an increasing portion of the world’s population, and new voices for “prosperity without growth” have strengthened  (Kallis et al. 2012; Demaria et al. 2013; Akbulut et al. 2019; Drews et al. 2019; Liegey et al. 2020).

The Sustainable Development Goals (SDG) 12 call to “ensure sustainable consumption and production patterns”. Academia has been quick to follow suit researching the area of sustainability, with human-caused contemporary climate change exceeding 99% in the peer reviewed scientific literature (Lynas et al. 2021). However, even with clear national and global guidelines and a plethora of research, still today there is no strong understanding of the economic response towards current resources’ depletion. Chan et al. (2018) concluded that research specifically needs to better understand consumption and consumers’ needs, sustainable consumption choices, collaborative consumption and sustainable consumption policy focus. Existing research shows that up to 90% of consumers are impulsive purchasers (Khan et al. 2015), and up to 80% of all consumption is based on impulsive buying behavior (Husnain et al. 2019; Miao et al. 2020; Li et al. 2022), which is heavily stimulated by businesses. There is a concern that corporate social responsibility is nothing more than “greenwashing”, a practice as old as the “green movement” itself (Haider et al. 2022). However, without organisations’ concrete responses, unresolved economic level dispute, political policies’ inabilities for a change of an economic growth and uncertainty in population behaviour, business modeling concerning sustainable consumption is impossible.

Planning departments’ specialists and entrepreneurs are struggling without a conceptual framework that can be implemented at a practical level. If growth is impossible, how can organisations target sales? If business maximization is considered as an aggressive appetitive behaviour of capitalists, which model should be implemented? If resources are limited, what level of buying is considered permissable? Who controls this level, and who has this responsibility? Sustainable development was proposed to be seen as a “triple bottom line” at the business planning level (Elkington, 1998). However, does this triple bottom line work at all? The findings reveal that triple bottom-line models alone do not comprehensively address sustainability issues, and economic prosperity remains a dominant consideration (Asif et al. 2011). Some businesses implement circular economy principles such as re-use, re-new and re-store practices, some targeted waste management, while others do nothing at all. This could be considered as a level of chaos and turbulence perfect enough for new ways of thinking to emerge where understanding what is sustainable consumption and how businesses could use data for planning and modelling with an understanding of proposed business growth and its consequences.

It has been stated that businesses need to reorient towards consumption sustainability, where social and sustainability marketing and transformative consumer marketing have to take a central stage inside the marketing paradigm and dominate marketing thinking using the knowledge  accumulated in the past 100 years of demand creation toward demand redirection, by connecting individualism to collective well-being, replacing material goods with human connections, and converting mindlessness to mindfulness for qualitative consumption (Iyer et al. 2020).

With this Special Issue, we are calling for multidisciplinary approach contributors  intending to bridge the gap between the economic and business understanding of sustainability exploring sustainable consumption and data needed for the development of Sustainable Business Models, ultimately aiming towards the achievement of the UN Sustainable Development Goal (SDG) 12.

References:

  1. Akbulut, B.; Demaria, F.; Gerber, J.F.; Martínez-Alier, J. Who promotes sustainability? Five theses on the relationships between the degrowth and the environmental justice movements. Ecol. Econ. 2019, 165, 106418.
  2. Chan, S.; Weitz, N.; Persson, Å.; Trimmer, C. SDG 12: Responsible Consumption and Production. A Review of Research Needs. Technical Annex to the Formas Report Forskning för Agenda, 2030; Stockholm Environment Institute: Stockholm, Sweden, 2018.
  3. Demaria, F.; Schneider, F.; Sekulova, F.; Martinez-Alier, J. What is degrowth? From an activist slogan to a social movement. Environ. Values 2013, 22, 191–215.
  4. Drews, S.; Savin, I.; van den Bergh, J.C. Opinion clusters in academic and public debates on growth-vs-environment. Ecol. Econ. 2019, 157, 141–155.
  5. Haider, M.; Shannon, R.; Moschis, G.P. Sustainable consumption research and the role of marketing: A review of the literature (1976–2021). Sustainability 2022, 14, 3999.
  6. Husnain, M.; Rehman, B.; Syed, F.; Akhtar, M.W. Personal and in-store factors influencing impulse buying behavior among generation Y consumers of small cities. Bus. Perspect. Res. 2019, 7, 92–107.
  7. Iyer, G.R.; Blut, M.; Xiao, S.H.; Grewal, D. Impulse buying: A meta-analytic review. J. Acad. Mark. Sci. 2020, 48, 384–404.
  8. Kallis, G.; Kerschner, C.; Martinez-Alier, J. The economics of degrowth. Ecol. Econ. 2012, 84, 172–180.
  9. Khan, M.T.; Humayun, A.A.; Sajjad, M. FactorsAffecting Impulse Buying and Percentage of Impulse Buying in Total Purchasing. Int. J. Inf. Bus. Manag. 2015, 7, 254.
  10. Khan, M.T.; Humayun, A.A.; Sajjad, M. Factors Affecting Impulse Buying and Percentage of Impulse Buying in Total Purchasing. Int. J. Inf. Bus. Manag. 2015, 7, 254.
  11. Li, Y.; Wang, J.; Chen, R.; Wang, E.; Wang, B.; Yu, Q.; Pan, X. Climate-smart planting for potato to balance economic return and environmental impact across China. Sci. Total Environ. 2022, 850, 158013.
  12. Liegey, V.; Nelson, A.; Hickel, J. Exploring Degrowth: A Critical Guide; Pluto Press: London, UK, 2020, p. 7.
  13. Lynas, M.; Houlton, B.Z.; Perry, S. Greater than 99% consensus on human caused climate change in the peer-reviewed scientific literature. Environ. Res. Lett. 2021, 16, 114005.
  14. Martínez-Alier, J.; Pascual, U.; Vivien, F.D.; Zaccai, E. Sustainable de-growth: Mapping the context, criticisms and future prospects of an emergent paradigm. Ecol. Econ. 2010, 69, 1741–1747.
  15. De Rome, C.; Meadows, D.H.; Randers, J.; Behren, W.W., III. The Limits to Growth: A Report to the Club of Rome; Universe Books: New York, NY, USA, 1972; Volume 91, p. 2.
  16. Miao, M.; Jalees, T.; Qabool, S.; Zaman, S.I. The effects of personality, culture and store stimuli on impulsive buying behavior: Evidence from emerging market of Pakistan. Asia Pac. J. Mark. Logist. 2019, 32, 188–204.
  17. Van den Bergh, J.C.; Kallis, G. Growth, a-growth or degrowth to stay within planetary boundaries? J. Econ. Issues 2012, 46, 909–920.

Dr. Yioula Melanthiou
Dr. Laura Castaldi
Dr. Alessandro Augurio
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • sustainability
  • weak sustainable consumption
  • strong sustainable consumption
  • consumer buying behavior
  • social corporate responsibility
  • data-driven business models
  • knowledge
  • innovation management

Published Papers (5 papers)

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Research

24 pages, 2726 KiB  
Article
A Sustainable Risk Management Model and Instruments for Young Farmers in EU Agriculture
by Aleksandra Figurek, Katerina Morphi and Alkis Thrassou
Sustainability 2024, 16(1), 283; https://doi.org/10.3390/su16010283 - 28 Dec 2023
Viewed by 666
Abstract
Young farmers are ready to embrace innovation, smart agriculture, and science-based research to ensure that their work has long-term viability, profitability, and productivity. To prevent the farming population from aging and to ensure farming success, financial support must be provided through instruments that [...] Read more.
Young farmers are ready to embrace innovation, smart agriculture, and science-based research to ensure that their work has long-term viability, profitability, and productivity. To prevent the farming population from aging and to ensure farming success, financial support must be provided through instruments that are specifically aimed at young farmers. It is necessary that youth have access to agricultural land policy throughout the EU for the agricultural sector to remain sustainable. In the European Union, young farmers manage farms that are in the lowest-size group. The limited financial possibilities available to young people in the EU exacerbate this. The relationships between risk management instruments and other interventions (such as direct payment and ex-post instruments) and the integration of these tools into national and EU policy frameworks must be thoroughly examined in future policy. Evaluating the possible repercussions of risk management being widely implemented as well as measuring the anticipated variations in farm revenue and the volatility of agricultural commodity prices are equally crucial. Therefore, the present article utilized extant data to conduct a comparative analysis and ultimately present a set of multidisciplinary and quantitative indicators of supportive measures for young farmers in the EU, while also identifying the requisite areas for improvement. Full article
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26 pages, 2140 KiB  
Article
An Integrated Data-Driven Procedure for Product Specification Recommendation Optimization with LDA-LightGBM and QFD
by Tzu-Chien Wang, Ruey-Shan Guo and Chialin Chen
Sustainability 2023, 15(18), 13642; https://doi.org/10.3390/su151813642 - 12 Sep 2023
Cited by 3 | Viewed by 1203
Abstract
E-commerce and social media have become increasingly essential and influential for sustainable business growth, particularly due to the COVID-19 pandemic, which has permanently altered the business landscape. The vast amount of consumer data available online holds significant potential and value. The strategic utilization [...] Read more.
E-commerce and social media have become increasingly essential and influential for sustainable business growth, particularly due to the COVID-19 pandemic, which has permanently altered the business landscape. The vast amount of consumer data available online holds significant potential and value. The strategic utilization of this information can expedite the research and development of new products, leading to shorter product cycles and increased innovation. This study explores the effectiveness of employing the latent Dirichlet allocation (LDA) method and various deep learning technologies to predict Amazon consumer ratings. We propose a product service system that utilizes natural language analyses of online sales data and user reviews, enabling industries to quickly identify and respond to market demands. We present a data-driven procedure for the customer-to-manufacturer (C2M) business model, specifically focusing on sustainable data-driven business models based on knowledge and innovation management. This procedure analyzes user comments on online shopping platforms to match product requirements and features, optimize product values, and address issues related to product specifications and new product development planning. The results of the business verification demonstrate that this procedure accurately evaluates product specifications under different demands, facilitates effective product planning, and enhances research and development decision making. This approach, based on sustainable data-driven business models and knowledge and innovation management, expands market opportunities for the sector and improves overall production efficiency, starting from the research and development stage. Full article
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14 pages, 1231 KiB  
Article
The Varying Effects of Four Components of Employee Psychological Capital on Sustainable-Business-Model Innovation in the New Normal
by Yinan Shan, Tachia Chin and Nomagugu Mutsvene
Sustainability 2023, 15(15), 11787; https://doi.org/10.3390/su151511787 - 31 Jul 2023
Cited by 2 | Viewed by 1120
Abstract
In view of the intensification of market uncertainty and complexity, interest in sustainable-business-model innovation (SBMI) has increased among both global companies and educational institutions in the new normal. However, although many organisations find it challenging to accomplish their sustainability goals, limited research [...] Read more.
In view of the intensification of market uncertainty and complexity, interest in sustainable-business-model innovation (SBMI) has increased among both global companies and educational institutions in the new normal. However, although many organisations find it challenging to accomplish their sustainability goals, limited research has delved into SBMI in the post-pandemic era. To address this research gap, we adopt a unique micro-foundational approach to investigate how the four components of employees’ psychological capital (PsyCap) affect SBMI. Based on a primary survey of 430 employees of small and medium-sized Chinese enterprises using online and offline methods, we used structural equation modelling to analyse the results. We found that optimism, hope, and self-efficacy were each positively related to SBMI, with resilience moderating these positive associations. The main theoretical contribution of our study is the use of a micro-foundational approach to unravel the different effects of the four dimensions of PsyCap on SBMI, thus offering novel insights into a deeper, more comprehensive understanding of relevant issues in the age of the COVID-19 pandemic. Practically, our findings can help global managers to develop strategies to leverage the psychological resources of individuals in order to cope with firm-level innovation challenges during this turbulent time. Full article
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14 pages, 262 KiB  
Article
State/Academia Key Stakeholders’ Perceptions Regarding Bioeconomy: Evidence from Greece
by Marios Trigkas and Glykeria Karagouni
Sustainability 2023, 15(13), 9976; https://doi.org/10.3390/su15139976 - 23 Jun 2023
Cited by 2 | Viewed by 1481
Abstract
While researchers of the area try hard to conceptualize the bioeconomy, it appears that it is harder for the variety of stakeholders to agree on the critical elements that form sustainable bioeconomy models. The aim of the present paper is to gain insight [...] Read more.
While researchers of the area try hard to conceptualize the bioeconomy, it appears that it is harder for the variety of stakeholders to agree on the critical elements that form sustainable bioeconomy models. The aim of the present paper is to gain insight into major players’ understanding of the bioeconomy concept to form policies and strategies or direct education and research. Using data collected from academia and state stakeholders in Greece, this paper articulates perceptions regarding the concept of bioeconomy from an academic, technological, and economic point of view. According to the results, the bioeconomy concept seems to be related to applied life and economic sciences, and engineering and technology sciences. Its technological interpretation regards innovation, new product development, and technologies. Empirical findings indicate an almost catholic acceptance of bioeconomy as an economic activity, no matter the science field or the state position of the stakeholders. They also highlight a clear need for synergies and a coherent cross-sectoral and interdisciplinary approach to produce novel knowledge, skills, technology, and innovation. The research contributes to the existing debate on the buzzing concept of the bioeconomy and fills a scientific gap at the regional level of a typical Mediterranean economy, enriching the related literature. Full article
18 pages, 3449 KiB  
Article
The Impact of Women’s Empowerment on the Corporate Environmental, Social, and Governance (ESG) Disclosure
by Juan Dempere and Shahira Abdalla
Sustainability 2023, 15(10), 8173; https://doi.org/10.3390/su15108173 - 17 May 2023
Cited by 1 | Viewed by 2992
Abstract
This research article examines the relationship between women’s empowerment and corporate ESG disclosure variables by analyzing 10,121 publicly traded companies listed worldwide with historical ESG data available in Bloomberg from 2016 to 2020. The paper seeks to answer whether corporate gender diversity directly [...] Read more.
This research article examines the relationship between women’s empowerment and corporate ESG disclosure variables by analyzing 10,121 publicly traded companies listed worldwide with historical ESG data available in Bloomberg from 2016 to 2020. The paper seeks to answer whether corporate gender diversity directly affects companies’ ESG disclosure by using proprietary Bloomberg ESG disclosure scores and independent variables such as the female board and executive representation. Control variables, like the company’s return on equity, total debt ratio, and the natural logarithm of total assets as a proxy measurement of the firm’s size, are also included. Results provide evidence that policies that foster corporate gender diversity directly benefit from enhanced ESG-related disclosure, thus helping to trigger national dialogues about suitable corporate gender diversity strategies influencing firms’ ESG disclosure. This paper makes a unique contribution to the literature by being the first to analyze the effects of women’s empowerment on ESG disclosure using a globally representative sample. The evidence of the benefits of women’s empowerment associated with corporate ESG disclosure suggests that organizations with a more gender-diverse corporate board and executive team are more likely to have higher levels of ESG disclosure, as gender diversity increases the likelihood of organizational transparency and accountability, and can lead to improved corporate value. Governments should use this evidence to implement policies promoting women’s empowerment in the corporate world, ultimately leading to improved corporate ESG disclosure. Full article
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