Business Models of Companies: From Profit to Sustainable Development and Value Creation

The article discusses the evolution of companies’ business models, outlines the reasons behind the increase in the research interest in business models and generalizes traditional approaches to their interpretation. The authors systematize the stages of business models’ evolution considered in the c...

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Autores principales: Nekhoda Ye.V., Redchikova N.A., Tyuleneva N.A.
Formato: article
Lenguaje:RU
Publicado: Ural State University of Economics 2018
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Acceso en línea:https://doaj.org/article/eca98922c99d4c65bfbc64444f748d2f
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spelling oai:doaj.org-article:eca98922c99d4c65bfbc64444f748d2f2021-12-02T05:32:16ZBusiness Models of Companies: From Profit to Sustainable Development and Value Creation10.29141/2218-5003-2018-9-4-22218-5003https://doaj.org/article/eca98922c99d4c65bfbc64444f748d2f2018-09-01T00:00:00Zhttp://upravlenets.usue.ru/images/74/2.pdfhttps://doaj.org/toc/2218-5003The article discusses the evolution of companies’ business models, outlines the reasons behind the increase in the research interest in business models and generalizes traditional approaches to their interpretation. The authors systematize the stages of business models’ evolution considered in the context of transformation of value chain under the influence of a number of objective driving forces and development of managerial concepts. The research methodology includes such concepts and theories as Corporate Social Responsibility, Sustainable Development and Stakeholder Theory, Creating Shared Values and Integrated Reporting that have significantly influenced the process of value creation. The paper proves that companies’ business models should mirror not only increment of value for shareholders and creation of customer value, but also movement of a company towards creating shared values equally beneficial to business and society as a whole. The information base of the study is an analysis of integrated reporting of the State Atomic Energy Corporation Rosatom for several years. We conclude that the company is moving towards creating shared values which are able to encourage its sustainable development in a long run.Nekhoda Ye.V.Redchikova N.A.Tyuleneva N.A.Ural State University of EconomicsarticleBUSINESS MODELSOCIAL RESPONSIBILITYSUSTAINABLE DEVELOPMENTSTAKEHOLDERSHARED VALUEINTEGRATED REPORTINGBusinessHF5001-6182FinanceHG1-9999RUУправленец, Vol 9, Iss 4, Pp 9-19 (2018)
institution DOAJ
collection DOAJ
language RU
topic BUSINESS MODEL
SOCIAL RESPONSIBILITY
SUSTAINABLE DEVELOPMENT
STAKEHOLDER
SHARED VALUE
INTEGRATED REPORTING
Business
HF5001-6182
Finance
HG1-9999
spellingShingle BUSINESS MODEL
SOCIAL RESPONSIBILITY
SUSTAINABLE DEVELOPMENT
STAKEHOLDER
SHARED VALUE
INTEGRATED REPORTING
Business
HF5001-6182
Finance
HG1-9999
Nekhoda Ye.V.
Redchikova N.A.
Tyuleneva N.A.
Business Models of Companies: From Profit to Sustainable Development and Value Creation
description The article discusses the evolution of companies’ business models, outlines the reasons behind the increase in the research interest in business models and generalizes traditional approaches to their interpretation. The authors systematize the stages of business models’ evolution considered in the context of transformation of value chain under the influence of a number of objective driving forces and development of managerial concepts. The research methodology includes such concepts and theories as Corporate Social Responsibility, Sustainable Development and Stakeholder Theory, Creating Shared Values and Integrated Reporting that have significantly influenced the process of value creation. The paper proves that companies’ business models should mirror not only increment of value for shareholders and creation of customer value, but also movement of a company towards creating shared values equally beneficial to business and society as a whole. The information base of the study is an analysis of integrated reporting of the State Atomic Energy Corporation Rosatom for several years. We conclude that the company is moving towards creating shared values which are able to encourage its sustainable development in a long run.
format article
author Nekhoda Ye.V.
Redchikova N.A.
Tyuleneva N.A.
author_facet Nekhoda Ye.V.
Redchikova N.A.
Tyuleneva N.A.
author_sort Nekhoda Ye.V.
title Business Models of Companies: From Profit to Sustainable Development and Value Creation
title_short Business Models of Companies: From Profit to Sustainable Development and Value Creation
title_full Business Models of Companies: From Profit to Sustainable Development and Value Creation
title_fullStr Business Models of Companies: From Profit to Sustainable Development and Value Creation
title_full_unstemmed Business Models of Companies: From Profit to Sustainable Development and Value Creation
title_sort business models of companies: from profit to sustainable development and value creation
publisher Ural State University of Economics
publishDate 2018
url https://doaj.org/article/eca98922c99d4c65bfbc64444f748d2f
work_keys_str_mv AT nekhodayev businessmodelsofcompaniesfromprofittosustainabledevelopmentandvaluecreation
AT redchikovana businessmodelsofcompaniesfromprofittosustainabledevelopmentandvaluecreation
AT tyulenevana businessmodelsofcompaniesfromprofittosustainabledevelopmentandvaluecreation
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