The Transformation of the Business Model in the Process of the Transformation of the Economic System on the Road to Sustainability: European Perspective
The Transformation of the Business Model in the Process of the Transformation of the Economic System on the Road to Sustainability: European Perspective

Author(s): Bistra Boeva
Subject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, Governance, Economic policy, EU-Accession / EU-DEvelopment
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: sustainability; business model; transformation; EU regulation framework on sustainability
Summary/Abstract: This paper examines the transformation of the business model in the process of transformation of an economic system on the road to sustainability. The objective of the paper is to prove the transformation of the business model of companies in EU Member States due to the establishment of the new regulation framework on sustainability. The author’s previous researches on corporate governance and sustainability, sustainable Global Value Chains and corporate sustainability,2 as well her personal involvement in various consulting activities gradually determined the abovementioned topic of investigation. Although it was established that a limited number of scholars study the above phenomenon some findings in their publications have enabled the development of a conceptual framework of this paper. The first part the paper encompasses the results of the literature observation. The focus of the second part is on the EU regulation framework on sustainability. In the third part of the paper the transformation of the business model is analysed. Through the lens of good practice, some very interesting findings are revealed. The conclusion includes the findings of the study, the author’s contribution and the path for the further study.

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