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 language | English |
|---|---|
| Pages (from-to) | 5-12 |
| Journal | Technology Innovation Management Review (TIM Review) |
| Volume | 6 |
| Issue number | 7 |
| Publication status | Published - 2016 |
| MoE publication type | A1 Journal article-refereed |
Keywords
- circular economy
- sustainability
- business model
- business canvas
- innovation
- case study