Designing Sustainable Business Model in Development Banks based on Resistance Economics

Document Type : Original Article

Authors

1 Shahid Beheshti University

2 Ph.D.Candidate in Industrial Management, Faculty of Management and Accounting, Shahid Beheshti University

3 Assistant professor of Industrial Management, Faculty of Management and Accounting, Shahid Beheshti University

Abstract

Objective: Designing a sustainable business model centered on a resilient economy can support innovative, infrastructure, and often high-risk businesses in the economies of developing countries. This model seeks to balance the financial and non-financial dimensions, relying on internal capabilities and using external capacities to turn pressures, constraints into opportunities.
Methodology: The orientation of this research is applied, the philosophy of research is interpretive, the approach of research is inductive, the purpose of research is exploratory, its nature is mixed and the strategy used has been in the qualitative part of theme analysis and in the quantitative part of survey. The method of collecting semi-structured interview data was from experts of development banks, which reached theoretical saturation with 15 interviews.
Findings: Interpretive structural equation method has been used to level the extracted categories. Based on the results, the first level includes redefining development plans, monitoring the environment and creating and identifying potential capacity; the second level: developmental accreditation; the third level, people-centeredness; Risk-taking, agility improvement and the fourth level of financial structure have been stable.
Conclusion: Sustainable business model with a focus on resistance economics leads to effective implementation of development banks' mission

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History

  • Receive Date: 11 July 2022
  • Revise Date: 13 November 2022
  • Accept Date: 15 November 2022

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