For a not-for-profit organization such as chamber of commerce, revenue depends mostly on the quality of services rendered to its members. Sustainability of any organization depends on the amount of revenue it generates. This exploratory research aims to address the issue of financial resource constraint faced by Bhutan Chamber of Commerce and Industry (BCCI) and ultimately develop a revenue model for the organization. At present BCCI depends mostly on the grants from the government and membership fees. We develop and test a revenue model for BCCI which will help it in identifying the quality and quantity aspects of the existing services. This model named as Integrated Sustainable Business Model will help organization in crafting strategies for different services based on the category they fall into. Need, Content, Cost, Delivery and Evaluation (NCCDE) parameters are used to measure the quality index of the services. Analysis of data indicates in the prescription of a range of services which the organization should offer and charge in order to increase its revenue which will lead make it sustainable.
– Bhutan Chamber of Commerce and Industry, (2013). Annual Report. Thimphu: Author. www.abcboardcompany.nl/about/people-planet-profit/ Retrieved November 1, 2017
– Homburg.,Koschate, N., & Hoyer, N. W. (2005). Do Satisfied Customers Really Pay More? A Study of Relationship between Customer Satisfaction and Willingness to pay. Journal of Marketing, 69: 84-96.
– Jacobson, R. & Aaker, D. (1985). Is Market Share All that it’s cracked up to be?.Journal of Marketing,49:11-22.
– Jacobson, R. & Aaker, D.(1987).The Strategic Role of Product Quality.Journal of Marketing, 51:31-44.
– Jhon, M.H. (2013). The Transaction to Emerging Revenue Models.Healthcare Financial Management, 67(4):54-63
– Johnson, M. W., Christensen, C. M., & Kagermann, H. (2008).Reinventing Your Business Model.Harvard business review, 86(12):57-68.
– Noel, N. M.&Luckett, M. (2014).The Benefits, Satisfaction, and Perceived Value of Small Business Membership in a Chamber of Commerce.Int.J.Non Profit Volunt.Sect. Market, 19: 27-39, doi:10.1002/nvsm.1485.
– Onyali, C.(2014). Triple Bottom Line Accounting And Sustainable corporate Performance. Research Journal of Finance and Accounting, 5(6):195-207.
– Shah, A. (2009). The Impact of Quality on Satisfaction, Revenue, and Cost as Perceived by providers of Higher Education. Journal of Marketing for Higher Education, 19:125–141.
– Shunlong,Xie.,Xiaodong,Chi. & Lingying, Song (2013). Development and Problems: Chamber of Commerce in China. Journal of Applied Business and Economics, 14(2), 80-92.
– Thor Schrock. (2009). what are a Revenue Model and Why Your Bu s i ne s s Will Fail w i th ou t One. Re tr ie v ed from http://www.thorschrock.com/2009/08/28/what-revenue-model- business-fail-without/Retrieved27October2017.
– Waters,S. (2015). Chambers of Commerce in Italy: A Model in Italy: A Model of Cooperative Development?European Urban and Regional Studies, 6 (2): 115–126.
– Zott, C.&Amit, R. (2010). Business model design: an activity system perspective.Long range planning, 43(2):216-226.
– Zott, C., Amit, R., & Massa, L. (2011). The business model: recent developments and future research. Journal of management, 37(4):1019-1042.