Business model innovation for circular economy: integrating literature and practice into a conceptual process model

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A key question regarding business model innovation/development for circular economy is ?how to make it happen in practice"? By systematically reviewing 92 approaches from circular economy and sustainability literature and practice, this research identifies requirements and proposes a holistic and systemic process for business model innovation for circular economy. This conceptual process model was consolidated based on the integration of the unique elements of sixteen existing process models. It comprises three-stages (sense, seize, transform) based on a dynamic capabilities view, and envisions 33 activities, 21 deliverables, 88 techniques/tools and 13 enablers or catalyzers for change. Besides enabling the view of processes and procedures with behavior and learning skills required to inspire circular economy thinking in business model innovation, it highlights the importance of 'formalized' decision-making procedures and includes activities to integrate sustainability thinking and to support the identification of required changes in product innovation/development.
Original languageEnglish
Title of host publicationProceedings of the Design Society: 22nd International Conference on Engineering Design (ICED19)
EditorsSandro Wartzack, Benjamin Schleich
PublisherDesign Society
Publication date2019
Pages2517-2526
DOIs
Publication statusPublished - 2019
Event22nd International Conference on Engineering Design (ICED19) - Delft, Netherlands
Duration: 5 Aug 20198 Aug 2019

Conference

Conference22nd International Conference on Engineering Design (ICED19)
CountryNetherlands
CityDelft
Period05/08/201908/08/2019
SeriesProceedings of the International Conference on Engineering Design
NumberDS94
ISSN2220-4342

Bibliographical note

This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.

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    Research areas

  • Circular economy, Sustainability, Business models and considerations, Process model

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