Lecture 4 Flashcards
(20 cards)
What does creating environmental value mean?
Protecting the oceans, land, and air, biodiversity and the natural ecosystem.
What are the Plastic Wave Report findings (at least 3)?
- Business-as-Usual will result in nearly 3 times more plastic leaking into the ocean in 2040
- Current commitments are inadequate for the scale of the challenge
- Single-solution strategies cannot stop plastic pollution
- By applying existing upstream and downstream solutions, we can solve 80 per cent of the problem
- Innovation is essential to a future with near-zero plastic pollution
- The solution is economically viable, but a major redirection of capital investment is required
- The solution brings to life a new plastics economy, with opportunities and risks for industry
- Solutions should be differentiated by geography and plastic category
- System change offers co-benefits for the climate, health, jobs, and working conditions
- An implementation delay of five years would result in an additional 80 million metric
tons of plastic going into the ocean
What are the opportunities for change in the context of the Plastic Wave Report?
- Reduce the growth in plastic production and consumption
- Substitute plastic
- Design products for recycling
- Enhance waste collection systems
What happens when the environment is NOT seen as a stakeholder?
Society and business ignore the environmentally damaging negative externalities
What are the causes of environmental degradation?
- Linear economy models – take, make, use, discard
- Industrial and agricultural pollution
- Societal-driven pollution and consumption
- Deforestation
- Carbonisation of the atmosphere
What are the possible solutions to the causes of enviormentla degradation?
- Reduce pollution (pre and post consumer)
- Reduce waste, reuse, find alternative resources and sources of energy
- Reduce material usage and energy consumption
- Decarbonization: reduce CO2 production and increase CO2 capture
- Protect and restore natural environments (on land and in water)
What happens when the environment IS seen as a stakeholder?
Society and businesses can lead to the reduction or complete elimination of negative externalities
When are entrepreneurial businesses most active as change makers?
- Unconstrained by legacy operational practices and infrastructure
- Design the business models to meet specific sustainability missions and personal goals
- Willing to engage in radical innovation
- Wiling to act where there is much uncertainty
- Able to see societal and environmental challenges as sources of opportunities
- Sustainable entrepreneurs operate with the “logic of empowerment” + aim for sustainable advantage
What is the triple bottom line approach?
- value capture for : owners and investors
- value creation for: Customers, Society, Environment
What is the difference between Boecken’s and Todeschinni’s models?
Bocken et al. – study and adapt existing BMs to deliver environmental value
Todeschinni et al. – identify new or “born sustainable” BMs to deliver environmental value
How are business model innovations for sustainability defined?
Innovations that create significant positive and/or significantly reduced negative impacts for the environment and/or society, through changes in the way the organization and its value-network create, deliver value and capture value
What are the 8 Business Model Archetypes (Tech, Social, Org)?
- Maximise material and energy efficiency -Tech
- Create value from ‘waste’ -Tech
- Substitute with renewables and natural processes -Tech
- Deliver functionality, rather than ownership - Social
- Adopt a stewardship role - Social
- Encourage sufficiency - Social
- Re-purpose the business for society/environment - Organisational
- Develop scale-up solutions - Organisational
What are some examples of the Technological group in Bocken’s Model?
- Low-Carbon Manufacturing
- Circular Economy
- Renewable Energy Transition
- Zero Emmision Initative
- Shared Assets Ownership
What are some examples of the Social group in Bocken’s Model?
- Use oriented PPS (lease, share, rental)
- Biodiversity Protection
- Fair Trade
- Slow Fashion
What are some examples of the Organisational group in Bocken’s Model?
- Not for Profit
- Hybrid Businesses
- Localistaion
- Home Working
- Incubators
- Open Innovation
- Crowdfunding
What is the Business Model Framework?
- Value Proposition,
- Value creation and delivery,
- Value capture
How does an idea follow through the business model frameworks in the context of the SDG 14 example (Conserve and Sustainably use Oceans)?
Value Proposition (Socks found in nets will be used as a base material for clothes) -> Value creation and delivery (Recovery partners and material partners) -> Value capture (Cleaner ocean, less virgin material use, sustainable consumer good)
What are some Macro Trends in the Fashion industry?
- Consumer awareness – bio-cotton, slow fashion, 2nd life…
- Circular economy – keep products, components, and materials at their highest utility and value for longer
- Corporate social responsibility - development of codes of conduct
and labor standards assurance programs - Sharing economy and collaborative consumption - access
over ownership, - Technological innovation – alternative sustainable fibres, bamboo,
increased durability, rapid make-to-order, cleaner production…
How are Circular Economy Business Models created according to Todeshini?
A trend highlighted by the trend driver translates into a business model which then is transformed into a circular business model via innovation
