Recent Development of Sustainable Business Model Innovation in Engineering and Industrial Systems: A Systematic Literature Review

F M Yusuf; N A Achsani; Z Asikin

doi:10.58915/aset.v4i2.2691

Authors

F M Yusuf IPB University
N A Achsani IPB University
Z Asikin IPB University

DOI:

https://doi.org/10.58915/aset.v4i2.2691

Keywords:

Digital transformation, Fourth industrial revolution (Industry 4.0), Sustainable development

Abstract

The digital transformation in the fourth industrial revolution (Industry 4.0) disrupts the entire industry system and forces the industry to innovate by shifting the traditional business model to business model innovation that enables sustainable development. However, research suggests that the business progress of sustainable business model innovation, the subsets of business model innovation, is lagging behind. Despite the growth of literature on the topic, the bridges between conceptualization and implementation are relatively unexplored. This study provides a comprehensive review of sustainable business model innovation through a systematic literature review. Its key contributions are a review of the development of the concept by pointing out the evolution of definitions, also key components, and frameworks or tools identification; a factor identification through barriers and drivers; and an acknowledgment of the roles of sustainable business model innovation in the implementation of sustainable business model.

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