Social Business Model Canvas Development and Forming an Entrepreneurial Ecosystem for Waste Banks to Achieve Sustainability (Case Study in Bali, Indonesia)

Abstract

This article provides a general overview to provide comprehensive insight for waste banks in Bali to achieve a value-increment of plastic waste by producing plastic recycled products, described through the development of a social business model canvas. In addition, it also explains strategic alliance implications to form an entrepreneurial ecosystem. The social business model canvas is used as “beyond-profit business models” because it fits the requirement of a social enterprise to define and further innovate its business model. Furthermore, entrepreneurial ecosystems building is important to do because the ecosystem will help the business to work as usual. Hence, to help in forming an entrepreneurial ecosystem, strategic alliance will be used, in hope that the business will achieve sustainability. This research used qualitative data analysis gathered through conference calls, in-depth interviews, direct observation, and documentation, supported with literature review as the reference of forming an entrepreneurial ecosystem. As the result, a social business model canvas for waste banks in Bali to produce plastic recycled products was developed, as well as the action plans to form entrepreneurial ecosystem using strategic alliances. The result is expected to positively affect waste banks’ sustainability in Bali and to enhance the value of plastic waste so that the amount of plastic waste will indirectly be reduced. Lastly, this research can be a reference for managerial implications of waste banks in Bali to produce plastic recycled products.