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 D., Nawanir, Gusman, Ahmad, Mohd Hanafiah, Lee, Khai Loon, Hussain, Suhaidah
Format: Article
Language:English
Published: Penerbit UMT 2022
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/36587/
http://umpir.ump.edu.my/id/eprint/36587/1/25.%202022_Sustainable%20business%20model%20innovation%20and%20perspective%20of%20using%20microalgae%20to%20produce%20biofuel_A%20systematic%20literature%20review.pdf
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author Moshood, Taofeeq D.
Nawanir, Gusman
Ahmad, Mohd Hanafiah
Lee, Khai Loon
Hussain, Suhaidah
author_facet Moshood, Taofeeq D.
Nawanir, Gusman
Ahmad, Mohd Hanafiah
Lee, Khai Loon
Hussain, Suhaidah
author_sort Moshood, Taofeeq D.
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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spelling ump-365872023-01-09T01:50:02Z http://umpir.ump.edu.my/id/eprint/36587/ Sustainable business model innovation and perspective of using microalgae to produce biofuel: A systematic literature review Moshood, Taofeeq D. Nawanir, Gusman Ahmad, Mohd Hanafiah Lee, Khai Loon Hussain, Suhaidah H Social Sciences (General) 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. Penerbit UMT 2022-03 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/36587/1/25.%202022_Sustainable%20business%20model%20innovation%20and%20perspective%20of%20using%20microalgae%20to%20produce%20biofuel_A%20systematic%20literature%20review.pdf Moshood, Taofeeq D. and Nawanir, Gusman and Ahmad, Mohd Hanafiah and Lee, Khai Loon and Hussain, Suhaidah (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. 304-325. ISSN 2672-7226. (Published) https://doi.org/10.46754/jssm.2022.03.022 https://doi.org/10.46754/jssm.2022.03.022
spellingShingle H Social Sciences (General)
TP Chemical technology
Moshood, Taofeeq D.
Nawanir, Gusman
Ahmad, Mohd Hanafiah
Lee, Khai Loon
Hussain, Suhaidah
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 H Social Sciences (General)
TP Chemical technology
url http://umpir.ump.edu.my/id/eprint/36587/
http://umpir.ump.edu.my/id/eprint/36587/
http://umpir.ump.edu.my/id/eprint/36587/
http://umpir.ump.edu.my/id/eprint/36587/1/25.%202022_Sustainable%20business%20model%20innovation%20and%20perspective%20of%20using%20microalgae%20to%20produce%20biofuel_A%20systematic%20literature%20review.pdf