Green Business Models: definitions, types, and life cycle analysis | Forum Scientiae Oeconomia
Published : 2022-12-30 — Updated on 2023-01-03

Versions

Green Business Models: definitions, types, and life cycle analysis

Abstract

Sustainability issues and green business thinking are steadily becoming more important in the strategies and daily life of small and large firms alike. In this study, we wish to contribute to an emerging field of research, namely green business models. More specifically, we have aimed to empirically test the efficiency of green business model implementation. Several aspects of green business modelling were considered. First, we have specified the definition of a green business model and shown the difference between green business models and several other types of sustainable business models. Second, using the multiple case study method, we explored green business model implementation by means of empirical data from five Norwegian SMEs. The firms that adopted green business models reduced their use of raw materials in favour of recycled materials, improved efficiency, increased the life cycle, reduced transportation length, and adopted other related measures. The results of the study demonstrated the importance of life cycle analysis (LCA) and life cycle thinking when companies select and implement green business models in their firms. The utilisation of LCA allows companies to avoid greenwashing and implement green business models more effectively. Thus, firms both achieve environmental goals and reduce economic costs.

Keywords:

Green business model, life cycle analysis (LCA), green business, definitions, case study



Details

References

Statistics

Authors

Download files

PDF

Citation rules

Solesvik, M. Z., Torgersen, M., Andersson, G., & Valter, P. (2023). Green Business Models: definitions, types, and life cycle analysis. Forum Scientiae Oeconomia, 10(4), 199–217. https://doi.org/10.23762/FSO_VOL10_NO4_10 (Original work published December 30, 2022)

Altmetric indicators


Cited by / Share


Wydawnictwo Naukowe Akademii WSB
1c Cieplaka Street
41-300 Dąbrowa Górnicza, Poland
email: wydawnictwo@wsb.edu.pl
tel. +48 32 295 93 59
O platformie:
Copyright 2019 by Akademia WSB
OJS Support and Customization by LIBCOM
Platform & workfow by OJS/PKP
More information about the publishing system, Platform and Workflow by OJS/PKP.