New study reveals key components for successful sustainable business models.
The article discusses how companies are using a business model called Product-Service System (PSS) to make money, stay competitive, and help the environment. The researchers looked at 48 articles about PSS and found that it's important to focus on creating value when designing a PSS. They identified 14 key components that should be considered when building a PSS, like the value proposition and key partners. The business model should be centered around creating value for everyone involved and should take into account environmental, economic, and social factors. Developing a PSS business model involves forming a network of value and considering the interests of all parties.