Abstract
This paper aims to provide conceptual insight on ‘Circular business model experimentation’ by exploring the concept and potential approaches to pursue. The Circular Economy can be a successful driver for change by focusing efforts on economic and environmental issues while also addressing socio-economic challenges such as (un)employment. The business model of firms is viewed as a systematic driver for change in a company, bringing together the various elements of the way of doing business: the value proposition (what value is proposed and to whom); value creation and delivery (how this value is provided) and value capture (how money is made and other forms of value are captured). To develop and validate novel business models, experimentation is needed. While experimentation has been prominent in natural sciences, economics and transitions management literature, it has not yet mainstreamed as a potential business approach, despite the fact that it has been heralded as a key driver for competitiveness and sustainability success. This paper explores the concept of Circular Business Model Experimentation by addressing the following questions: What is Circular Business Model Experimentation? What approaches are available for business? Based on this, suggestions for future research and practice on circular business model experimentation are developed.
Original language | English |
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Title of host publication | Sustainable Design and Manufacturing |
Subtitle of host publication | Proceedings of the 5th International Conference on Sustainable Design and Manufacturing KES-SDM-18 |
Editors | Ljubo Vlacic, Dzung Dao, Robert J. Howlett, Rossi Setchi |
Publisher | Springer |
Pages | 239-250 |
ISBN (Electronic) | 978-3-030-04290-5 |
ISBN (Print) | 978-3-030-04289-9 |
DOIs | |
Publication status | Published - Jan 2019 |
MoE publication type | A4 Article in a conference publication |
Event | 5th International Conference on Sustainable Design and Manufacturing, SDM 2018 - Gold Coast, Australia Duration: 24 Jun 2018 → 26 Jun 2018 Conference number: 5 |
Publication series
Series | Smart Innovation, Systems and Technologies |
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Volume | 130 |
ISSN | 2190-3018 |
Conference
Conference | 5th International Conference on Sustainable Design and Manufacturing, SDM 2018 |
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Abbreviated title | SDM 2018 |
Country/Territory | Australia |
City | Gold Coast |
Period | 24/06/18 → 26/06/18 |