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Innovating business models toward sustainability: An emerging market perspective

Dissertation (MPhil)--University of Pretoria, 2023

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Main Author: de Klerk, Jakob
Other Authors: Bogie, Jill
Format: Thesis
Language:English
Published: University of Pretoria 2024
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access_status_str Open Access
author de Klerk, Jakob
author2 Bogie, Jill
author_browse Bogie, Jill
de Klerk, Jakob
author_facet Bogie, Jill
de Klerk, Jakob
author_sort de Klerk, Jakob
collection Thesis
dc_rights_str_mv © 2023 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria.
description Dissertation (MPhil)--University of Pretoria, 2023
format Thesis
id oai:repository.up.ac.za:2263/96040
institution University of Pretoria (South Africa)
language English
last_indexed 2026-06-10T12:39:58.654Z
license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2024
publishDateRange 2024
publishDateSort 2024
publisher University of Pretoria
publisherStr University of Pretoria
record_format dspace
source_str UPSpace — University of Pretoria Institutional Repository
spelling oai:repository.up.ac.za:2263/96040 Innovating business models toward sustainability: An emerging market perspective de Klerk, Jakob Bogie, Jill Sustainable business model Innovative practices Drivers Strategies Qualitative research Dissertation (MPhil)--University of Pretoria, 2023 Globally, corporate executives are under increasing pressure to act on sustainability. Firms that were founded in the 20th century had simply not been designed for sustainability. This requires that corporate executives refine their business models (BMs) for sustainability as the future of business, the environment, and society are all dependent on these refined models. One of the avenues for addressing the sustainability challenge is through the implementation of sustainable business models (SBMs). The purpose of this research study was to understand how firms can innovate their BMs toward sustainability. This research study in particular aimed to understand what the innovative practices are that firms can adopt in transitioning to an SBM. Also, to gain insights into the drivers that assist firms to transition to an SBM as well as understanding the challenges that firms face in transitioning to an SBM. Furthermore, the study aimed to gather insight into the strategies that can be employed by firms in transitioning to an SBM. This study was a qualitative study. For the data collection, 14 semi-structured interviews were conducted with participants who were experienced and knowledgeable about sustainability. South Africa (SA) was selected as the country of study and the private equity (PE) industry was selected as the industry of study. A thematic analysis approach, inclusive of an inductive and deductive coding process, was undertaken in assessing and evaluating the data. The research study yielded a conceptual framework for aiding firms on how to innovate their BMs toward sustainability. Similarities were identified from the research study to the literature contributing to the existing body of knowledge. Also, nuances of differences were identified resulting in three potential refinements to the literature, concerning innovative practices, challenges, and strategies. pagibs2024 2024-05-17T10:45:24Z 2024-05-17T10:45:24Z 2024-04-17 2024-04-17 Mini Dissertation * A2024 http://hdl.handle.net/2263/96040 en © 2023 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. application/pdf University of Pretoria
spellingShingle Sustainable business model
Innovative practices
Drivers
Strategies
Qualitative research
de Klerk, Jakob
Innovating business models toward sustainability: An emerging market perspective
title Innovating business models toward sustainability: An emerging market perspective
title_full Innovating business models toward sustainability: An emerging market perspective
title_fullStr Innovating business models toward sustainability: An emerging market perspective
title_full_unstemmed Innovating business models toward sustainability: An emerging market perspective
title_short Innovating business models toward sustainability: An emerging market perspective
title_sort innovating business models toward sustainability an emerging market perspective
topic Sustainable business model
Innovative practices
Drivers
Strategies
Qualitative research
url http://hdl.handle.net/2263/96040
work_keys_str_mv AT deklerkjakob innovatingbusinessmodelstowardsustainabilityanemergingmarketperspective