ReviewOpen Access
A systematic review of sustainable business models: Opportunities, challenges, and future research directions
Author Affiliations
Saveetha University, Kalasalingam Academy of Research and Education, Bangladesh University of Engineering and Technology
Published InDecision Analytics Journal
Year2023
Citations55
Abstract
Increased environmental awareness has inspired the industrial community to develop sustainable business models (SBMs). Accordingly, SBM has become a trendy topic in the research community. This review analyses SBM to understand its significance, emerging trends, opportunities, challenges, and future trends benefitting academics and practitioners. The literature review was performed using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) framework. Sixty-three relevant research articles were extracted from the Scopus database and reviewed in this study. Bibliometric and network analysis were conducted to construct cluster domains and to find emerging research areas. Bibliometric analysis shows that SBM evolved from sustainable development and innovation. The network analysis reveals five emerging areas: SBM strategies, challenges in developing SBMs, drivers of SBMs, the…
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