# Sustainable Business Models: A Review

**Authors:** Saeed Nosratabadi, Amir Mosavi, Shahaboddin Shamshirband, Edmundas Kazimieras Zavadskas, Andry Rakotonirainy, Kwok Wing Chau  
**arXiv:** [1907.10052](https://arxiv.org/abs/1907.10052)  
**Date:** 2019-07-23  
**Summary page:** https://www.summarizepaper.com/en/paper/1907.10052v1/

## Key points

- A sustainable business model describes how an organization creates, delivers and captures value in economic, social, cultural or other contexts in a sustainable way.
- Sustainable business model construction is an innovative part of a business strategy that different industries and businesses have utilized to satisfy their economic, environmental and social goals simultaneously.
- The authors classify notable sustainable business models into fourteen unique categories such as innovation, management and marketing; entrepreneurship; energy; fashion; healthcare; agri-food supply chain management; circular economy; developing countries engineering; construction and real estate; mobility and transportation; hospitality.
- The authors review the progress – either failure or success – of each category's sustainable business models while discussing research gaps.
- Popularity and success rates for sustainable business models have increased across all application domains with the increasing use of advanced technologies.

## Summary

In their paper titled "Sustainable Business Models: A Review," Saeed Nosratabadi, Amir Mosavi, Shahaboddin Shamshirband, Edmundas Kazimieras Zavadskas, Andry Rakotonirainy and Kwok Wing Chau provide a comprehensive review of the concept of sustainable business models. The authors explain that a sustainable business model describes how an organization creates, delivers and captures value in economic, social, cultural or other contexts in a sustainable way. Sustainable business model construction is an innovative part of a business strategy that different industries and businesses have utilized to satisfy their economic, environmental and social goals simultaneously. The authors conduct a thorough review of the literature on sustainable business models across various application areas to address the issue of unclear success rates for these models. They identify notable sustainable business models and classify them into fourteen unique categories such as innovation, management and marketing; entrepreneurship; energy; fashion; healthcare; agri-food supply chain management; circular economy; developing countries engineering; construction and real estate; mobility and transportation; hospitality. The authors review the progress – either failure or success – of each category's sustainable business models while discussing research gaps. They conclude that popularity and success rates for sustainable business models have increased across all application domains with the increasing use of advanced technologies. This study provides valuable insights into the state-of-the-art of sustainable business models in various application areas while highlighting future research directions.