Circular economy business model innovation process: Case study

Maria Antikainen, Anna Aminoff, Outi Kettunen, Henna Sundqvist-Andberg, Harri Paloheimo

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

3 Citations (Scopus)

Abstract

The concept of the Circular Economy has recently caught the attention of academia as well and businesses and decision makers offering an attractive solution for an environmentally sustainable economic growth. Companies need to consider how to close material loops, reduce the resources needed and think more about how materials and products are kept in the loop as long as possible. In order to do that, companies need to find new collaboration partners and reconsider the value offered for stakeholders. To solve that, we need new or modified innovation tools and processes to guide businesses in their innovation journey resulting in novel business models in a circular economy. Thus, the aim of this study is to increase our understanding of the circular business model innovation process. Our main focus is to explore what kind of mixed methods create value in circular business model innovation and what kind of challenges there are related to each method and how is it possible to overcome those challenges. The paper highlights the importance of involving different perspectives, stakeholders and using mixed methods during the innovation process.
Original languageEnglish
Title of host publicationSustainable Design and Manufacturing 2017
Subtitle of host publicationSelected papers on Sustainable Design and Manufacturing
EditorsRobert J. Howlett, Giampaolo Campana, Barbara Cimatti, Rossi Setchi
PublisherSpringer
Pages546-555
Number of pages10
ISBN (Electronic)978-3-319-57078-5
ISBN (Print)978-3-319-57077-8
DOIs
Publication statusPublished - 1 Jan 2017
MoE publication typeA4 Article in a conference publication
Event4th International Conference on Sustainable Design and Manufacturing, SDM 2017 - Bologna, Italy
Duration: 26 Apr 201728 Apr 2017

Publication series

SeriesSmart Innovation, Systems and Technologies
Volume68
ISSN2190-3018

Conference

Conference4th International Conference on Sustainable Design and Manufacturing, SDM 2017
Abbreviated titleSDM 2017
CountryItaly
CityBologna
Period26/04/1728/04/17

Fingerprint

Innovation
Industry
Stakeholders
Business model innovation
Innovation process
Circular economy
Mixed methods
Economics
Resources
Decision maker
Business model
Economic growth

Keywords

  • circular economy
  • business model innovation process
  • consumers
  • methodology
  • rapid business model experimentation
  • case study

Cite this

Antikainen, M., Aminoff, A., Kettunen, O., Sundqvist-Andberg, H., & Paloheimo, H. (2017). Circular economy business model innovation process: Case study. In R. J. Howlett, G. Campana, B. Cimatti, & R. Setchi (Eds.), Sustainable Design and Manufacturing 2017: Selected papers on Sustainable Design and Manufacturing (pp. 546-555). Springer. Smart Innovation, Systems and Technologies, Vol.. 68 https://doi.org/10.1007/978-3-319-57078-5_52
Antikainen, Maria ; Aminoff, Anna ; Kettunen, Outi ; Sundqvist-Andberg, Henna ; Paloheimo, Harri. / Circular economy business model innovation process : Case study. Sustainable Design and Manufacturing 2017: Selected papers on Sustainable Design and Manufacturing. editor / Robert J. Howlett ; Giampaolo Campana ; Barbara Cimatti ; Rossi Setchi. Springer, 2017. pp. 546-555 (Smart Innovation, Systems and Technologies, Vol. 68).
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Antikainen, M, Aminoff, A, Kettunen, O, Sundqvist-Andberg, H & Paloheimo, H 2017, Circular economy business model innovation process: Case study. in RJ Howlett, G Campana, B Cimatti & R Setchi (eds), Sustainable Design and Manufacturing 2017: Selected papers on Sustainable Design and Manufacturing. Springer, Smart Innovation, Systems and Technologies, vol. 68, pp. 546-555, 4th International Conference on Sustainable Design and Manufacturing, SDM 2017, Bologna, Italy, 26/04/17. https://doi.org/10.1007/978-3-319-57078-5_52

Circular economy business model innovation process : Case study. / Antikainen, Maria; Aminoff, Anna; Kettunen, Outi; Sundqvist-Andberg, Henna; Paloheimo, Harri.

Sustainable Design and Manufacturing 2017: Selected papers on Sustainable Design and Manufacturing. ed. / Robert J. Howlett; Giampaolo Campana; Barbara Cimatti; Rossi Setchi. Springer, 2017. p. 546-555 (Smart Innovation, Systems and Technologies, Vol. 68).

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

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AU - Aminoff, Anna

AU - Kettunen, Outi

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AB - The concept of the Circular Economy has recently caught the attention of academia as well and businesses and decision makers offering an attractive solution for an environmentally sustainable economic growth. Companies need to consider how to close material loops, reduce the resources needed and think more about how materials and products are kept in the loop as long as possible. In order to do that, companies need to find new collaboration partners and reconsider the value offered for stakeholders. To solve that, we need new or modified innovation tools and processes to guide businesses in their innovation journey resulting in novel business models in a circular economy. Thus, the aim of this study is to increase our understanding of the circular business model innovation process. Our main focus is to explore what kind of mixed methods create value in circular business model innovation and what kind of challenges there are related to each method and how is it possible to overcome those challenges. The paper highlights the importance of involving different perspectives, stakeholders and using mixed methods during the innovation process.

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PB - Springer

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Antikainen M, Aminoff A, Kettunen O, Sundqvist-Andberg H, Paloheimo H. Circular economy business model innovation process: Case study. In Howlett RJ, Campana G, Cimatti B, Setchi R, editors, Sustainable Design and Manufacturing 2017: Selected papers on Sustainable Design and Manufacturing. Springer. 2017. p. 546-555. (Smart Innovation, Systems and Technologies, Vol. 68). https://doi.org/10.1007/978-3-319-57078-5_52