Sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review

The dependence on fossil oil has led to the search for alternative renewable energy resources, such as biomass, which has climbed to the top of the list of renewable energy solutions. It is not possible to separate these energy issues from environmental and sustainability concerns. Developing sustai...

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Main Authors: Moshood, Taofeeq Durojaye, Nawanir, Gusman, Mohd Hanafiah, Ahmad, Lee, Khai Loon, Suhaidah, Hussain
Format: Article
Language:English
Published: Universiti Malaysia Terengganu 2022
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/34919/
http://umpir.ump.edu.my/id/eprint/34919/1/Sustainable%20business%20model%20innovation%20and%20perspective%20of%20using%20microalgae%20to%20produce%20biofuel_A%20systematic%20literature%20review.pdf
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author Moshood, Taofeeq Durojaye
Nawanir, Gusman
Mohd Hanafiah, Ahmad
Lee, Khai Loon
Suhaidah, Hussain
author_facet Moshood, Taofeeq Durojaye
Nawanir, Gusman
Mohd Hanafiah, Ahmad
Lee, Khai Loon
Suhaidah, Hussain
author_sort Moshood, Taofeeq Durojaye
building UMP Institutional Repository
collection Online Access
description The dependence on fossil oil has led to the search for alternative renewable energy resources, such as biomass, which has climbed to the top of the list of renewable energy solutions. It is not possible to separate these energy issues from environmental and sustainability concerns. Developing sustainable practices is essential for the continued expansion of countries’ and the world’s energy resources. The capacity to transition into new market models rapidly and efficiently is a critical source of sustained competitive advantage and leverage for increasing biofuel microalgae production sustainability. Given the issue’s importance, the causes of failure are mostly unknown, and there is only a limited thorough description of the sustainable business model innovation process in the literature. This study conducts a comprehensive review of the literature on the idea and technique of sustainable innovation in the microalgae business model. Multiple process phases of sustainable business model creation are described with a thorough list of major difficulties and obstacles connected with each step of the process. This study also looks into how management tools may be transformed into a process system and some insights into the process’s operational setup and performance variables.
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institution Universiti Malaysia Pahang
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language English
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publisher Universiti Malaysia Terengganu
recordtype eprints
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spelling ump-349192022-10-13T06:36:08Z http://umpir.ump.edu.my/id/eprint/34919/ Sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review Moshood, Taofeeq Durojaye Nawanir, Gusman Mohd Hanafiah, Ahmad Lee, Khai Loon Suhaidah, Hussain HD28 Management. Industrial Management QD Chemistry TP Chemical technology The dependence on fossil oil has led to the search for alternative renewable energy resources, such as biomass, which has climbed to the top of the list of renewable energy solutions. It is not possible to separate these energy issues from environmental and sustainability concerns. Developing sustainable practices is essential for the continued expansion of countries’ and the world’s energy resources. The capacity to transition into new market models rapidly and efficiently is a critical source of sustained competitive advantage and leverage for increasing biofuel microalgae production sustainability. Given the issue’s importance, the causes of failure are mostly unknown, and there is only a limited thorough description of the sustainable business model innovation process in the literature. This study conducts a comprehensive review of the literature on the idea and technique of sustainable innovation in the microalgae business model. Multiple process phases of sustainable business model creation are described with a thorough list of major difficulties and obstacles connected with each step of the process. This study also looks into how management tools may be transformed into a process system and some insights into the process’s operational setup and performance variables. Universiti Malaysia Terengganu 2022-03 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/34919/1/Sustainable%20business%20model%20innovation%20and%20perspective%20of%20using%20microalgae%20to%20produce%20biofuel_A%20systematic%20literature%20review.pdf Moshood, Taofeeq Durojaye and Nawanir, Gusman and Mohd Hanafiah, Ahmad and Lee, Khai Loon and Suhaidah, Hussain (2022) Sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review. Journal of Sustainability Science and Management, 17 (3). pp. 291-312. ISSN 1823-8556. (Published) https://doi.org/10.46754/jssm.2022.03.022 https://doi.org/10.46754/jssm.2022.03.022
spellingShingle HD28 Management. Industrial Management
QD Chemistry
TP Chemical technology
Moshood, Taofeeq Durojaye
Nawanir, Gusman
Mohd Hanafiah, Ahmad
Lee, Khai Loon
Suhaidah, Hussain
Sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review
title Sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review
title_full Sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review
title_fullStr Sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review
title_full_unstemmed Sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review
title_short Sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review
title_sort sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review
topic HD28 Management. Industrial Management
QD Chemistry
TP Chemical technology
url http://umpir.ump.edu.my/id/eprint/34919/
http://umpir.ump.edu.my/id/eprint/34919/
http://umpir.ump.edu.my/id/eprint/34919/
http://umpir.ump.edu.my/id/eprint/34919/1/Sustainable%20business%20model%20innovation%20and%20perspective%20of%20using%20microalgae%20to%20produce%20biofuel_A%20systematic%20literature%20review.pdf