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Overcoming Growth Challenges of Sustainable Ventures in the Fashion Industry : A Multinational Exploration

  • Over the past decade, the proliferation of entrepreneurial ventures and small firms with sustainable business models have pushed the sustainability agenda in the fashion industry. Despite prominent success stories, these companies often encounter significant operative challenges that hinder growth or even cause business failure. This paper adopts a qualitative research design and uses data gathered during 18 expert interviews with entrepreneurs and executive managers of 18 firms from 13 countries to identify and explore the dominant challenges that micro- and small-sized sustainable fashion companies struggle with. The results indicate that communicating with consumers is perceived as surprisingly difficult, especially because sustainable brands need to justify higher prices and explain the added benefits of their products. Second, resource constraints lead to operative friction and overburdening of the decision makers and their small management teams. Third, sustainable sourcing and production processes are economically difficult in an industry that continues to occupy a mass and low-cost logic. Against the background of these insights, a range of managerial recommendations are developed and contextualized in the framework of the Business Model Canvas. This novel approach makes the suggestions which are rooted in the resource-based view actionable and supports sustainable businesses to better manage their operations and achieve growth. For example, collaborative approaches with different stakeholders may mitigate constraints across all three identified problem areas.

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Metadaten
Author:Kay Hendrik HofmannORCiD, Axel JacobORCiD, Massimo Pizzingrilli
Title (English):Overcoming Growth Challenges of Sustainable Ventures in the Fashion Industry : A Multinational Exploration
URN:urn:nbn:de:bsz:959-opus-57085
DOI:https://doi.org/10.3390/su141610275
Parent Title (English):Sustainability
Document Type:Article
Language:English
Year of Completion:2022
Release Date:2024/04/09
Tag:Entrepreneurship; Ethical fashion; Small-business management; Sustainability; Venture growth
Volume:14
Issue:16
Article Number:10275
Page Number:22
Faculties:Fakult├Ąt WiSo
DDC classes:300 Sozialwissenschaften / 330 Wirtschaft
Review Status:Peer Reviewed
Licence (German):License LogoCreative Commons - CC BY - Namensnennung 4.0 International