New Business Models Revolutionize Value Creation for Sustainable Societies
Business models are ways companies make money. They are changing to focus on creating and sharing value with society for a sustainable future. A new framework has been developed to help design business models that do this. The framework includes three main themes: Product-Market Design, Value Chain Design, and Social Cluster Design. These themes help companies create and capture shared value with society. This new approach can guide businesses in creating more benefits for both themselves and the environment.