GSBA 517 Sustainable Business Model Design # 2

Approved & Edited by ProProfs Editorial Team

The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.

Learn about Our Editorial Process

| By Quiel

Quiel

Community Contributor

Quizzes Created: 1 | Total Attempts: 132

Questions: 5 | Attempts: 132 | Updated: Feb 3, 2023

Settings

Feedback

During the Quiz End of Quiz

Difficulty

Sequential Easy First Hard First

Play as

Quiz Flashcard

Create your own Quiz

Share on Facebook Share on Twitter Share on Whatsapp Share on Pinterest Share on Email Copy to Clipboard Embed on your website

Gsba 517 Sustainable Business Model Design # 2 - Quiz

This quiz is based on the mandatory reading assigned to the class held on October 7th, 2016: Bocken, N. M. P., S. W. Short, P. Rana, and S. Evans. 2014. “A Literature and Practice Review to Develop Sustainable Business Model Archetypes. ” Journal of Cleaner Production 65: 42–56.

Questions and Answers

1.

The overall purpose of the paper is to:
- A.
  
  Analyze the evolution of our understanding of social enterprises in the last decades.
- B.
  
  Propose a categorization of sustainable business models archetypes, to drive future research.
- C.
  
  Discuss the merits of the base-of-the pyramid as viable commercial target.
- D.
  
  Question the extent to which corporate social responsibility can reinforce overall business strategy.
Correct Answer
B. Propose a categorization of sustainable business models archetypes, to drive future research.

Explanation
The correct answer is "Propose a categorization of sustainable business models archetypes, to drive future research." This answer is supported by the statement in the question that the paper's purpose is to propose a categorization of sustainable business models archetypes. This suggests that the paper aims to provide a framework or classification system for understanding different types of sustainable business models, which can then be used as a basis for further research in the field.

Rate this question:
2.

Please, select the statement that best captures the article’s thinking on sustainable business models:
- A.
  
  One of the key challenges is designing business models in such a way that enables the firm to capture economic value for itself through delivering social and environmental benefits: it is not always so clear how delivering social and environmental value might translate into profit and competitive advantage for the firm.
- B.
  
  If sustainable business models create legitimate value for people and the planet, profits will simply follow.
- C.
  
  There is a zero-sum game between the creation of socio-environmental value, and economic value: one can be generated at the expense of the other.
- D.
  
  Business models can only be sustainable to the extent that they generate enough profits: you need to create value first in order to distribute it later.
Correct Answer
A. One of the key challenges is designing business models in such a way that enables the firm to capture economic value for itself through delivering social and environmental benefits: it is not always so clear how delivering social and environmental value might translate into profit and competitive advantage for the firm.

Explanation
The article's thinking on sustainable business models is that a key challenge is designing business models that allow the firm to capture economic value while also delivering social and environmental benefits. It acknowledges that it is not always clear how delivering social and environmental value can translate into profit and competitive advantage for the firm.

Rate this question:
3.

Eight sustainable business model archetypes are introduced by the authors. Most of the options listed below are correct, with only one exception. Please identify the incorrect choice:
- A.
  
  Deliver functionality rather than ownership
- B.
  
  Encourage sufficiency
- C.
  
  Re-purpose the organization to capture efficiencies and synergies
- D.
  
  Develop scale-up solutions
Correct Answer
C. Re-purpose the organization to capture efficiencies and synergies

Explanation
The incorrect choice among the given options is "Re-purpose the organization to capture efficiencies and synergies". This is because the authors did not introduce this specific archetype as one of the sustainable business models.

Rate this question:
4.

The authors give a number of examples to illustrate the“create value from waste” archetype. Most of the options listed below are correct, with only one exception. Please identify the incorrect choice:
- A.
  
  Closed loop business models
- B.
  
  Cradle-to-cradle
- C.
  
  Industrial symbiosis
- D.
  
  Base-of-the pyramid
Correct Answer
D. Base-of-the pyramid

Explanation
The incorrect choice among the given options is "base-of-the pyramid." The other options listed, such as closed loop business models, cradle-to-cradle, and industrial symbiosis, are all examples that illustrate the "create value from waste" archetype. However, the base-of-the-pyramid approach focuses on providing products and services to the low-income population, rather than specifically addressing waste management or creating value from waste.

Rate this question:
5.

The authors give a number of examples to illustrate the “substitute with renewables and natural processes” archetype. Most of the options listed below are correct, with only one exception. Please identify the incorrect choice:
- A.
  
  Substitution with renewable resources
- B.
  
  Local renewable solutions
- C.
  
  Environmentally benign material and production processes
- D.
  
  Lean manufacturing
Correct Answer
D. Lean manufacturing

Explanation
The incorrect choice in this list is "lean manufacturing". While the other options focus on using renewable resources and environmentally friendly processes, lean manufacturing is a concept that aims to minimize waste and improve efficiency in production, but it does not necessarily involve the use of renewable resources or natural processes.

Rate this question:

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

Current Version
Feb 03, 2023

Quiz Edited by
ProProfs Editorial Team
Oct 06, 2016

Quiz Created by
Quiel

Gsba 517 Sustainable Business Model Design # 2

The overall purpose of the paper is to:

Please, select the statement that best captures the article’s thinking on sustainable business models:

Eight sustainable business model archetypes are introduced by the authors. Most of the options listed below are correct, with only one exception. Please identify the incorrect choice:

The authors give a number of examples to illustrate the“create value from waste” archetype. Most of the options listed below are correct, with only one exception. Please identify the incorrect choice:

The authors give a number of examples to illustrate the “substitute with renewables and natural processes” archetype. Most of the options listed below are correct, with only one exception. Please identify the incorrect choice: