Exploring disruptive business model innovation for the circular economy

Anna Aminoff, Katri Valkokari, Maria Antikainen, Outi Kettunen

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

    7 Citations (Scopus)

    Abstract

    Recently the concept of the Circular Economy (CE) has attracted growing interest as a novel economic model aiming to foster sustainable economic growth, boost global competitiveness, and generate new jobs. A system-wide disruptive innovation shaping new ecosystems and changing the whole process of value creation is needed to tackle the current challenges and transformation to the CE. This paper asks how disruptive business model innovations work as a change mechanism for the CE. The paper develops a conceptual framework for shaping the industrial systems towards CE ecosystems and proposes how value circles and co-creation of value with a variety of partners are crucial aspects in enabling CE. The paper highlights that the concept of value circles would be beneficial in clarifying the difference to linear value chain models and the co-existence of several overlapping value circles.
    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
    Pages525-536
    Number of pages12
    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

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    Keywords

    • business ecosystems
    • business model innovation
    • circular economy
    • value circles

    Cite this

    Aminoff, A., Valkokari, K., Antikainen, M., & Kettunen, O. (2017). Exploring disruptive business model innovation for the circular economy. In R. J. Howlett, G. Campana, B. Cimatti, & R. Setchi (Eds.), Sustainable Design and Manufacturing 2017: Selected papers on Sustainable Design and Manufacturing (pp. 525-536). Springer. Smart Innovation, Systems and Technologies, Vol.. 68 https://doi.org/10.1007/978-3-319-57078-5_50