The concept of value in circular economy business models

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

Abstract

Transition towards the circular economy (CE) requires systemic change at society level. From companies this change requires the adoption of circular business models, which needs innovation in value creation, value proposition and value capture. In this paper we focused on understanding what the current understanding of the concept of value in CE business model innovation is, based on scientific literature. Then, we utilized the results to modify the existing circular business model innovation framework. The research was carried out using a systematic literature review. Our results indicate that value capturing is currently a rather underexplored area. In addition, regarding the value proposition, including the perspectives of customers and networks, is a rather unexplored area.
Original languageEnglish
Title of host publication ISPIM Innovation Forum: Boston (2018)
Subtitle of host publicationThe Innovation Game: Base Hits, Not Home Runs
PublisherInternational Society for Professional Innovation Management ISPIM
Number of pages14
ISBN (Print)978-952-335-217-9
Publication statusPublished - 2018
MoE publication typeA4 Article in a conference publication
EventISPIM Innovation Forum 2018 - Boston, United States
Duration: 25 Mar 201828 Mar 2018

Conference

ConferenceISPIM Innovation Forum 2018
CountryUnited States
CityBoston
Period25/03/1828/03/18

Fingerprint

Business model
Value proposition
Circular economy
Business model innovation
Systemic change
Innovation
Value capture
Value creation
Literature review

Keywords

  • circular economy
  • business models
  • business model innovation
  • industry
  • review
  • value

Cite this

Uusitalo, T., & Antikainen, M. (2018). The concept of value in circular economy business models. In ISPIM Innovation Forum: Boston (2018): The Innovation Game: Base Hits, Not Home Runs International Society for Professional Innovation Management ISPIM.
Uusitalo, Teuvo ; Antikainen, Maria. / The concept of value in circular economy business models. ISPIM Innovation Forum: Boston (2018): The Innovation Game: Base Hits, Not Home Runs. International Society for Professional Innovation Management ISPIM, 2018.
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Uusitalo, T & Antikainen, M 2018, The concept of value in circular economy business models. in ISPIM Innovation Forum: Boston (2018): The Innovation Game: Base Hits, Not Home Runs. International Society for Professional Innovation Management ISPIM, ISPIM Innovation Forum 2018, Boston, United States, 25/03/18.

The concept of value in circular economy business models. / Uusitalo, Teuvo; Antikainen, Maria.

ISPIM Innovation Forum: Boston (2018): The Innovation Game: Base Hits, Not Home Runs. International Society for Professional Innovation Management ISPIM, 2018.

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

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Uusitalo T, Antikainen M. The concept of value in circular economy business models. In ISPIM Innovation Forum: Boston (2018): The Innovation Game: Base Hits, Not Home Runs. International Society for Professional Innovation Management ISPIM. 2018