Gsba 517 Sustainable Business Model Design # 2

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| By Quiel
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Quiel
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Quizzes Created: 1 | Total Attempts: 132
| Attempts: 132
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  • 1/5 Questions

    The authors give a number of examples to illustrate the“create value from waste” archetype. Most of the options listed below are correct, with only one exception. Please identify the incorrect choice: 

    • Closed loop business models
    • Cradle-to-cradle
    • Industrial symbiosis
    • Base-of-the pyramid
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About This Quiz

This quiz is based on the mandatory reading assigned to the class held on October 7th, 2016: Bocken, N. M. P., S. W. Short, P. Rana, and S. Evans. 2014. “A Literature and Practice Review to Develop Sustainable Business Model Archetypes. ” Journal of Cleaner Production 65: 42–56.

Gsba 517 Sustainable Business Model Design # 2 - Quiz

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  • 2. 

    The authors give a number of examples to illustrate the “substitute with renewables and natural processes” archetype. Most of the options listed below are correct, with only one exception. Please identify the incorrect choice: 

    • Substitution with renewable resources

    • Local renewable solutions

    • Environmentally benign material and production processes

    • Lean manufacturing

    Correct Answer
    A. Lean manufacturing
    Explanation
    The incorrect choice in this list is "lean manufacturing". While the other options focus on using renewable resources and environmentally friendly processes, lean manufacturing is a concept that aims to minimize waste and improve efficiency in production, but it does not necessarily involve the use of renewable resources or natural processes.

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  • 3. 

    The overall purpose of the paper is to:

    • Analyze the evolution of our understanding of social enterprises in the last decades.

    • Propose a categorization of sustainable business models archetypes, to drive future research.

    • Discuss the merits of the base-of-the pyramid as viable commercial target.

    • Question the extent to which corporate social responsibility can reinforce overall business strategy.

    Correct Answer
    A. Propose a categorization of sustainable business models archetypes, to drive future research.
    Explanation
    The correct answer is "Propose a categorization of sustainable business models archetypes, to drive future research." This answer is supported by the statement in the question that the paper's purpose is to propose a categorization of sustainable business models archetypes. This suggests that the paper aims to provide a framework or classification system for understanding different types of sustainable business models, which can then be used as a basis for further research in the field.

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  • 4. 

    Eight sustainable business model archetypes are introduced by the authors. Most of the options listed below are correct, with only one exception. Please identify the incorrect choice: 

    • Deliver functionality rather than ownership

    • Encourage sufficiency

    • Re-purpose the organization to capture efficiencies and synergies

    • Develop scale-up solutions

    Correct Answer
    A. Re-purpose the organization to capture efficiencies and synergies
    Explanation
    The incorrect choice among the given options is "Re-purpose the organization to capture efficiencies and synergies". This is because the authors did not introduce this specific archetype as one of the sustainable business models.

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  • 5. 

    Please, select the statement that best captures the article’s thinking on sustainable business models:

    • One of the key challenges is designing business models in such a way that enables the firm to capture economic value for itself through delivering social and environmental benefits: it is not always so clear how delivering social and environmental value might translate into profit and competitive advantage for the firm.

    • If sustainable business models create legitimate value for people and the planet, profits will simply follow.

    • There is a zero-sum game between the creation of socio-environmental value, and economic value: one can be generated at the expense of the other.

    • Business models can only be sustainable to the extent that they generate enough profits: you need to create value first in order to distribute it later.

    Correct Answer
    A. One of the key challenges is designing business models in such a way that enables the firm to capture economic value for itself through delivering social and environmental benefits: it is not always so clear how delivering social and environmental value might translate into profit and competitive advantage for the firm.
    Explanation
    The article's thinking on sustainable business models is that a key challenge is designing business models that allow the firm to capture economic value while also delivering social and environmental benefits. It acknowledges that it is not always clear how delivering social and environmental value can translate into profit and competitive advantage for the firm.

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  • Feb 03, 2023
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  • Oct 06, 2016
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    Quiel
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