The concept of value in circular economy business models

Teuvo Uusitalo, Maria Antikainen

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific


    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 publicationThe innovation game - base hits, not home runs : ISPIM Innovation Forum : Boston, USA, 25-28 March 2018
    PublisherInternational Society for Professional Innovation Management ISPIM
    Number of pages14
    ISBN (Print)978-952-335-217-9
    Publication statusPublished - 2018
    MoE publication typeB3 Non-refereed article in conference proceedings
    EventISPIM Innovation Forum 2018 - Boston, United States
    Duration: 25 Mar 201828 Mar 2018


    ConferenceISPIM Innovation Forum 2018
    Country/TerritoryUnited States


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


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