Sustainable Business Model

Internationalization of businesses is considered as a key factor in economic development and growth of the economic entities. On the other hand, the ability of the system for endurance and reliability is inevitably dependent on the success that the system gains in communicating with the external environment; in other words, the sustainability of the system is entirely dependent on system capability for adaptation, change and responsiveness to the environment. Furthermore, Technology-based businesses are highly dynamic and use different internationalization patterns. A literature review shows that comprehensive studies have not been conducted despite the necessity of today's businesses to move toward sustainable internationalization. Therefore, this research examines existing patterns by presenting a model for sustainable internationalization in technology-based businesses. In the present study, 6 technology-based businesses in oil and gas industry have been investigated using a multi-case interview method. The validity and reliability of data collection tools have been confirmed. The results of the interviews performed during the two coding stages revealed that economic, environmental, social and technological factors are among the factors influencing the adoption of sustainable business internationalization strategies along with a focus on a sustainable business model. This study also presents different types of sustainable internationalization strategies and classifies the internationalization’s sustainability index into two categories of profitability and sustainability of relationships in the network.

This paper aimed to explore IT innovations used in sustainable business models in the European single energy market. For this purpose, the academic literature and content analyses of organized marketplaces were performed. The results showed that end users are not always interested in changing the service and try to choose services/resources well known to them. At the same time, market operators see the need for radical change by introducing strategic innovations and digitizing energy markets. Sustainable e-government management models are typically sustained by IoT, blockchain, and smart grid management technologies.