Circular business model experimentation: Concept and approaches

Nancy M.P. Bocken (Corresponding author), Maria Antikainen

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    3 Citations (Scopus)

    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 languageEnglish
    Title of host publicationSustainable Design and Manufacturing
    Subtitle of host publicationProceedings of the 5th International Conference on Sustainable Design and Manufacturing KES-SDM-18
    EditorsLjubo Vlacic, Dzung Dao, Robert J. Howlett, Rossi Setchi
    PublisherSpringer
    Pages239-250
    Number of pages12
    ISBN (Electronic)978-3-030-04290-5
    ISBN (Print)978-3-030-04289-9
    DOIs
    Publication statusPublished - Jan 2019
    MoE publication typeA4 Article in a conference publication
    Event5th International Conference on Sustainable Design and Manufacturing, SDM 2018 - Gold Coast, Australia
    Duration: 24 Jun 201826 Jun 2018
    Conference number: 5

    Publication series

    SeriesSmart Innovation, Systems and Technologies
    Volume130
    ISSN2190-3018

    Conference

    Conference5th International Conference on Sustainable Design and Manufacturing, SDM 2018
    Abbreviated titleSDM 2018
    CountryAustralia
    CityGold Coast
    Period24/06/1826/06/18

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    Cite this

    Bocken, N. M. P., & Antikainen, M. (2019). Circular business model experimentation: Concept and approaches. In L. Vlacic, D. Dao, R. J. Howlett, & R. Setchi (Eds.), Sustainable Design and Manufacturing: Proceedings of the 5th International Conference on Sustainable Design and Manufacturing KES-SDM-18 (pp. 239-250). Springer. Smart Innovation, Systems and Technologies, Vol.. 130 https://doi.org/10.1007/978-3-030-04290-5_25