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Designing business models for creating and capturing shared value : An activity-system perspective
Najmaei Lonbani, A. Sadeghinejad, Zahra
Najmaei Lonbani, A.
Sadeghinejad, Zahra
Abstract
Business models define configurations of activities that jointly enable a firm to create and capture value. The value paradigm is shifting from sharing created value to creating shared value in which firms and societies jointly create and share value to nurture more benefits for a sustainable business-environment symbiosis. Drawing on this logic, we develop a framework for designing business models that enable creation and capture of shared value. Our model builds on the practice theory and activity system and depicts business models as complex adaptive systems that co-evolve with markets. Using the shared value framework proposed by Porter and Kramer (2011) we propose three design themes namely the Product-Market Design (PMD), the Value Chain Design (VCD) and the Social Cluster Design (SCD). We specify features of each school from the activity perspective. Subsequently, we will discuss implications of our framework for theory, practice and management education and illuminate some directions for future research.
Keywords
social entrepreneurs, corporate social responsibility, Product-Market Design PMD, Value Chain Design VCD, Social Cluster Design SCD
Date
2015
Type
Book chapter
Journal
Book
Incorporating Business Models and Strategies into Social Entrepreneurship
Volume
Issue
Page Range
40-65
Article Number
ACU Department
Peter Faber Business School
Faculty of Law and Business
Faculty of Law and Business
Collections
Relation URI
Event URL
Open Access Status
License
All rights reserved
File Access
Controlled
Notes
© IGI Global, 2016.
Copying or distributing in print or electronic forms without written permission of IGI Global is prohibited.
Copying or distributing in print or electronic forms without written permission of IGI Global is prohibited.