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FAQ:
Q: What are the 5 principles of sustainable business model?
A: 5 Principles of a Sustainable Business Model Systems theory identifies 5 elements for a sustainable business model: Diversity, modularity, openness, slack resources and matching cycles. Tima Bansal is Executive Director at the Network for Business Sustainability and Professor at Ivey Business School.
Q: Is Business Sustainability at the heart of the business model?
A: ” Growth, therefore, is at the heart of the business model. But the foundation of this model was developed at a time when we didn’t comprehend the natural limits to growth. Business sustainability tackles these issues head on.
Q: Is resilience the key to a sustainable business model?
A: I believe part of the answer is in recasting sustainable business model as resilience. Resilience not only recognizes the importance of profits, but also values longevity and bouncing back from shocks.
Q: Who is the Executive Director of the network for business s sustainability?
A: Tima Bansal is Executive Director at the Network for Business Sustainability and Professor at Ivey Business School. She wrote this article in 2011; see her 2023 article on sustainable business models for more recent perspectives.