Abuzeinab, A; Arif, M; Qadri, M A and Kulonda, D (2018) Green business models in the construction sector: An analysis of outcomes and benefits. Construction Innovation, 18(1), pp. 20-42. ISSN 1471-4175
Abstract
Purpose Green business models (GBMs) in the construction sector represent the logic of green value creation and capture. Hence, the call to examine GBMs is growing ever louder. The aim of this paper is to identify benefits of GBMs by adopting five essential elements of the GBM from the literature: green value proposition; target group; key activities; key resources (KR); and financial logic. Design/methodology/approach In all, 19 semi-structured interviews are conducted with construction sector practitioners and academics in the UK. Thematic analysis is used to obtain benefits of GBMs. Further, the interpretive ranking process (IRP) is used to examine which elements of the GBM have a dominant role in providing benefits to construction businesses. Findings The benefits are grouped into three themes: credibility/reputation benefits; financial benefits; and long-term viability benefits. The IRP model shows that the element of KR is the most important when evaluated against these three benefit themes. Practical implications Linking GBM elements and benefits will help companies in the construction sector to analyse the business case of embracing environmental sustainability. Originality/value This research is one of the few empirical academic works investigating the benefits of GBMs in the construction sector. The IRP method is a novel contribution to GBMs and construction research.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | UK,construction,benefits,elements,interpretive ranking process,green business models |
| Index terms: | construction sector, environmental sustainability, business case, methodology, value creation, thematic analysis, practitioner, green business model, interview, interpretive ranking process |
| Subjects: | strategic project management, practitioner, data collection methods, decision-making and optimization, industry analysis, sustainable design, health safety and environment, methods and analysis, economic development, research methods |
| Topics: | Sustainability, Roles and Professions, Research Practice, Project Management, Health and Safety |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here