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Green business models transformation: evidence from the UK construction sector

Amal Abuzeinab (Leicester School of Architecture, De Montfort University, Leicester, UK)
Mohammed Arif (College of Science and Technology, University of Salford, Salford, UK)
Dennis J. Kulonda (School of Business and Technology Management, Northcentral University, Prescott Valley, Arizona, USA)
Bankole Osita Awuzie (Department of the Built Environment, Central University of Technology, Bloemfontein, South Africa)

Built Environment Project and Asset Management

ISSN: 2044-124X

Article publication date: 7 November 2016

Abstract

Purpose

Sustainability has the potential to bring enormous benefits to our built environment. To release this potential, a change in business models is required. The purpose of this paper is to investigate green business models (GBMs) transformation by adopting five essential elements of green value creation and capture: green value proposition (GVP), target group (TG), key activities (KA), key resources (KR), and financial logic (FL).

Design/methodology/approach

In this qualitative study, 19 semi-structured interviews were conducted. Interviewees were selected purposively. The emergent data were analysed with the aid of themes.

Findings

It was observed that significant effort was being made towards enabling the transformation of certain elements pertinent to green value creation: KA and KR. This was particularly so when compared to other elements like GVP, TG, and FL.

Practical implications

Findings from this study should encourage construction managers to align their extant BMs to green activities hence enabling new approaches to green value creation and capture. Furthermore, the study will aid in improving the environmental and economic positions of the value chain within the construction sector.

Originality/value

This research is one of the few empirical academic works investigating GBMs in the construction sector.

Keywords

Acknowledgements

This research was carried out as a PhD study conducted by the first author. The authors gratefully acknowledge the financial support of the EPSRC at the School of the Built Environment, University of Salford. The authors are thankful to the research participants from the UK academic and construction sector.

Citation

Abuzeinab, A., Arif, M., Kulonda, D.J. and Awuzie, B.O. (2016), "Green business models transformation: evidence from the UK construction sector", Built Environment Project and Asset Management, Vol. 6 No. 5, pp. 478-490. https://doi.org/10.1108/BEPAM-10-2015-0060

Publisher

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Emerald Group Publishing Limited

Copyright © 2016, Emerald Group Publishing Limited