Question: Below is a text that introduces the business model achetype.Summarize text in own words to incoporate the business achtype of my innovation initiative of the
Below is a text that introduces the business model achetype.Summarize text in own words to incoporate the business achtype of my innovation initiative of the autistic glove. To achieve long-term sustainability, organisations have to develop and operate sustainable business models. So what is the relationship between business models, sustainability and financial/economic performance? The research of Boons, Montalvo, Quist and Wagner (2013) argues that sustainable development requires radical and systematic efforts. This means that sustainability issues should be incorporated into any new model at an early stage and sometimes before launching the new business. This ensures that the sustainable enterprise can achieve a win-win where the entrepreneurial innovation developed as part of the business model helps owners (or managers) to achieve the desired economic performance, while at the same time improving environmental performance. Bocken et al., (2014) provideaframework that can be used to determine whether or not 121 Chapter 7 Evaluating enterprise and innovation solutions an existing enterprise has a sustainable business model and, if so, the characteristics of the sustainable business model. The framework encourages innovations that can significantly change the way organisations operate to ensure greater sustainability. A
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