Table 1 Evolutionary mechanisms... | Emerald Publishing

Table 1

Evolutionary mechanisms associated with BM value elements driving BMI for sustainability

	Variation Changes in value elements occurring in interdependence with internal and/or external factors	Selection Value elements variations fitting to internal and external environments in evolution are selected	Retention Retention, preservation, or duplication over time of value elements fitting internal and external environments
Value proposition	Emergence of stakeholders' new problems/needs, tourists' characteristics and behaviours to be addressed through the use of the cultural and natural heritage of places for accommodation offering	Selection of novel accommodation offerings that address stakeholders' new problems/needs, and tourists' characteristics and behaviours	Retention, preservation, or duplication of novel accommodation offerings benefiting the various stakeholders
Value creation	Emergence of new business opportunities associated with new knowledge on how current resources, key activities and relationships can be exploited	Selection of current resources, key activities, and relationships (internal and external) to be exploited to produce, sell, and deliver novel accommodation offerings	Retention, preservation, or duplication of key resources, improved relationships, and crucial activities
Value capture	Emergence of new opportunities to generate and/or increase revenue and save costs by using the cultural and natural heritage of places for accommodation offering	Selection of new or improved mechanisms for generating/increasing revenue streams and/or saving costs, also producing societal and environmental benefits	Retention, preservation, or duplication of mechanisms that generate/increase revenue streams and/or save costs, also producing societal and environmental benefits

	VariationChanges in value elements occurring in interdependence with internal and/or external factors	SelectionValue elements variations fitting to internal and external environments in evolution are selected	RetentionRetention, preservation, or duplication over time of value elements fitting internal and external environments
Value proposition	Emergence of stakeholders' new problems/needs, tourists' characteristics and behaviours to be addressed through the use of the cultural and natural heritage of places for accommodation offering	Selection of novel accommodation offerings that address stakeholders' new problems/needs, and tourists' characteristics and behaviours	Retention, preservation, or duplication of novel accommodation offerings benefiting the various stakeholders
Value creation	Emergence of new business opportunities associated with new knowledge on how current resources, key activities and relationships can be exploited	Selection of current resources, key activities, and relationships (internal and external) to be exploited to produce, sell, and deliver novel accommodation offerings	Retention, preservation, or duplication of key resources, improved relationships, and crucial activities
Value capture	Emergence of new opportunities to generate and/or increase revenue and save costs by using the cultural and natural heritage of places for accommodation offering	Selection of new or improved mechanisms for generating/increasing revenue streams and/or saving costs, also producing societal and environmental benefits	Retention, preservation, or duplication of mechanisms that generate/increase revenue streams and/or save costs, also producing societal and environmental benefits

Source(s): Own elaboration; Table by authors