TY - CHAP
T1 - Creating integrated value through sustainable innovation
T2 - A Conceptual Framework
AU - Visser, Wayne
N1 - Publisher Copyright:
© 2018, Springer International Publishing AG, part of Springer Nature.
PY - 2018
Y1 - 2018
N2 - In the context of a plethora of worsening social, environmental and ethical negative conditions often associated with economic growth and industrial activity, Integrated Value is proposed as a conceptual and practical framework for business to respond credibly and effectively as a force for innovation and solutions. In order to do so, the chapter begins by asking: how is value to society currently being destroyed by economic activities? Taking a systems science perspective, the answer is: whenever it causes fragmentation, or disintegration. This disintegration in society occurs in at least five principle ways, namely the five forces of fragmentation: disruption, disconnection, disparity, destruction and discontent. The next question is: how might this value destruction in society be countered or reversed? We find clues in innovations that are occurring in five emerging economic spheres: the resilience, exponential, access, circular and wellbeing economies. In each of these areas, there are breakthrough business models, practices, products and services that are building, rather than destroying, societal value. These are the five pathways to innovation, defined in terms of the desired future state they are trying to advance, which is a society that is more secure, smart, shared, sustainable and satisfying. Four strategic value-creation options are then described (singular, focused, diffuse and integrated value) before citing illustrative cases and describing the seven steps of a methodology to implement integrated value.
AB - In the context of a plethora of worsening social, environmental and ethical negative conditions often associated with economic growth and industrial activity, Integrated Value is proposed as a conceptual and practical framework for business to respond credibly and effectively as a force for innovation and solutions. In order to do so, the chapter begins by asking: how is value to society currently being destroyed by economic activities? Taking a systems science perspective, the answer is: whenever it causes fragmentation, or disintegration. This disintegration in society occurs in at least five principle ways, namely the five forces of fragmentation: disruption, disconnection, disparity, destruction and discontent. The next question is: how might this value destruction in society be countered or reversed? We find clues in innovations that are occurring in five emerging economic spheres: the resilience, exponential, access, circular and wellbeing economies. In each of these areas, there are breakthrough business models, practices, products and services that are building, rather than destroying, societal value. These are the five pathways to innovation, defined in terms of the desired future state they are trying to advance, which is a society that is more secure, smart, shared, sustainable and satisfying. Four strategic value-creation options are then described (singular, focused, diffuse and integrated value) before citing illustrative cases and describing the seven steps of a methodology to implement integrated value.
KW - Breakthrough Business Models
KW - Circular economyCircular Economy
KW - Integral Values
KW - Social innovationSocial Innovation
KW - Systems Science Perspective
UR - http://www.scopus.com/inward/record.url?scp=85086396541&partnerID=8YFLogxK
U2 - 10.1007/978-3-319-73503-0_7
DO - 10.1007/978-3-319-73503-0_7
M3 - Chapter
SN - 9783319735023
SN - 9783030088019
T3 - CSR, Sustainability, Ethics and Governance
SP - 129
EP - 150
BT - Sustainable business models
A2 - Moratis, Lars
A2 - Melissen, Frans
A2 - Idowu, Samuel O.
PB - Springer Nature
ER -
