Redefining Value Creation: Exploring Sustainable and Socially Responsible Business Models

Abstract

The traditional paradigm of value creation in business, centered solely on shareholder profit maximization, is facing increasing scrutiny in the face of environmental and social challenges. This article explores the emergence of alternative business models that prioritize sustainability and social responsibility, redefining the concept of value creation to encompass positive impacts beyond financial gain. We examine the drivers of this shift, analyze key characteristics of sustainable and socially responsible business models, and showcase successful examples across diverse industries. The article concludes by highlighting the potential benefits and challenges associated with this paradigm shift, emphasizing the need for further research and collaboration to accelerate the transition towards a more responsible and sustainable business landscape.