Please use this identifier to cite or link to this item: https://doi.org/10.3390/su10010033
Title: Critical factors influencing business model innovation for sustainable buildings
Authors: Zhao, X 
Chang, T
Hwang, B.-G 
Deng, X
Keywords: business
economic conditions
entrepreneur
fuzzy mathematics
industrial structure
innovation
legislation
literature review
market conditions
policy approach
policy making
questionnaire survey
strategic approach
sustainability
sustainable development
Issue Date: 2017
Citation: Zhao, X, Chang, T, Hwang, B.-G, Deng, X (2017). Critical factors influencing business model innovation for sustainable buildings. Sustainability (Switzerland) 10 (1) : 33. ScholarBank@NUS Repository. https://doi.org/10.3390/su10010033
Abstract: Despite significant policy drives, the wide adoption of sustainable building (SB) is hindered by factors such as high upfront cost and long payback period. Business model (BM) innovation is therefore highly demanded to help SB professionals to cope with the challenges and convert the value of SB into profit. Nevertheless, few studies examined BM innovation in the building sector and factors influencing BM innovation for SB are unclear. This paper aims to identify the critical factors that propel companies to innovate BM for SB. First, a literature review and expert interviews were conducted to identify and filter the drivers for BM innovation within the SB context. Second, a questionnaire survey was conducted to collect data on the significance of the selected influencing factors from 132 SB professionals. Finally, a model based on fuzzy set theory was used to ascertain the critical factors influencing BM innovation for SB. Twenty-four critical influencing factors in six categories from the external environment and internal organization were finalized, namely, market and economic, policy and legislation, technology and industry structure, social-culture, entrepreneurship, and organizational learning. The findings illuminate the motivations when developing BM for sustainability and provide strategies on BM innovation for practitioners and policy makers. © 2017 by the author.
Source Title: Sustainability (Switzerland)
URI: https://scholarbank.nus.edu.sg/handle/10635/175079
ISSN: 20711050
DOI: 10.3390/su10010033
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