Business Models and Sustainability

Scope

Business Models and Sustainability introduces students to current business transitions. It seeks to highlight the impact of current business models on the existing value chains and introduces more sustainable and circular business models in support of sustainable entrepreneurship and alignment with relevant actions like Corporate Social Responsibility (CSR). The aim here is to develop a holistic strategic thinking which can help students delve into the strategies of fashion companies and start-ups which are advancing sustainable businesses.


Starting from an exploration of literary references and lectures, students will develop their understanding of the growing economic challenges facing the fashion industry by engaging in active discussions and critical thinking on the subject matter. The outcomes will consist of collaborative or individual context maps, storyboards, business concepts´ analysis, etc.

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Keywords
  • Circular economy

  • Corporate Social Responsibility (CSR)

  • Economic models

  • Entrepreneurship

  • Fashion economies

  • Sustainable business models

Student’s Pre-Requisite Skills and Knowledge

General understanding of economic and sustainable ecosystems; basic concepts of sustainability

Learning Goals

Knowledge

Understand and discuss contemporary approaches to business, explore professional opportunities in fashion and sustainability.


Capabilities

Navigate sustainable paradigms in fashion business, understand designing for closed loop, systemic thinking, critical thinking.

Pedagogical Approaches

Systemic thinking; critical thinking

Key Resources
  • Niinimäki, K. (ed.): Sustainable Fashion in a Circular Economy. Helsinki: Aalto University, 2018.


  • Gwilt, A., Payne, A., Rüthschilling, E. (eds): Global Perspectives on Sustainable Fashion. Bloomsbury 2019.