A Framework for Sustainable Circular Business Model Innovation

Research output: Contribution to journalArticleScientificpeer-review

Abstract

The circular economy concept is a novel economic model aiming to foster sustainable economic growth, boost global competitiveness, and generate new jobs. In order to make the circular economy mainstream, radical and systemic innovation is needed. Currently, a majority of the business modelling tools and methods lack at least some of the identified and needed elements for innovating business models in a circular economy. In this article, we build a framework for sustainable circular business model innovation by adding important perspectives: recognizing trends and drivers at the ecosystem level; understanding value to partners and stakeholders within a business; and evaluating the impact of sustainability and circularity. We present the results of a case study with a startup company, which was designed to test the framework and provide a concrete example of its usage and future development.
Original languageEnglish
Pages (from-to)5-12
JournalTechnology Innovation Management Review (TIM Review)
Volume6
Issue number7
Publication statusPublished - 2016
MoE publication typeA1 Journal article-refereed

Fingerprint

Business model innovation
Circular economy
Global competitiveness
Make-to-order
Ecosystem
Business model
Economic growth
Sustainability
Innovation
Circularity
Business modeling
Start-up companies
Stakeholders

Keywords

  • circular economy
  • sustainability
  • business model
  • business canvas
  • innovation
  • case study

Cite this

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abstract = "The circular economy concept is a novel economic model aiming to foster sustainable economic growth, boost global competitiveness, and generate new jobs. In order to make the circular economy mainstream, radical and systemic innovation is needed. Currently, a majority of the business modelling tools and methods lack at least some of the identified and needed elements for innovating business models in a circular economy. In this article, we build a framework for sustainable circular business model innovation by adding important perspectives: recognizing trends and drivers at the ecosystem level; understanding value to partners and stakeholders within a business; and evaluating the impact of sustainability and circularity. We present the results of a case study with a startup company, which was designed to test the framework and provide a concrete example of its usage and future development.",
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A Framework for Sustainable Circular Business Model Innovation. / Antikainen, Maria; Valkokari, Katri.

In: Technology Innovation Management Review (TIM Review), Vol. 6, No. 7, 2016, p. 5-12.

Research output: Contribution to journalArticleScientificpeer-review

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AB - The circular economy concept is a novel economic model aiming to foster sustainable economic growth, boost global competitiveness, and generate new jobs. In order to make the circular economy mainstream, radical and systemic innovation is needed. Currently, a majority of the business modelling tools and methods lack at least some of the identified and needed elements for innovating business models in a circular economy. In this article, we build a framework for sustainable circular business model innovation by adding important perspectives: recognizing trends and drivers at the ecosystem level; understanding value to partners and stakeholders within a business; and evaluating the impact of sustainability and circularity. We present the results of a case study with a startup company, which was designed to test the framework and provide a concrete example of its usage and future development.

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