Retrieved from Iss. 118, P. 2, 2025
Pages 274 -295
Received 17.07.2025
Revised 11.11.2025
Accepted 15.12.2025
Retrieved from Iss. 118, P. 2, 2025
Pages 274 -295
Abstract
The article explores how an innovative business model can serve as an effective instrument for achieving sustainable development. The research focuses on the process of transforming a traditional business model into an innovative one, identifying the stages and key factors that drive this transformation. A comparative analysis of several business models, examined before and after their transformation, has been conducted to determine their compliance with sustainability criteria. The results reveal the correlation between the elements of a business model and the principles of sustainable development, highlighting the managerial decisions that can modify a company’s business model into an innovative and sustainability-oriented one.
Keywords:
business model, innovations, innovative business model, sustainable development, managerial decision, challenges of modern times, value proposition, competitiveness concepts, value innovation, elements of a business model, future consumer priorities, transformation