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Business Model Innovation for Circular Economy: Integrating Literature and Practice into a Conceptual Process Model

  • Marina de Padua Pieroni (a1), Tim McAloone (a1) and Daniela Pigosso (a1)

Abstract

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.

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Copyright

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.

Corresponding author

Contact: Pieroni, Marina de Padua, Technical University of Denmark, Mechanical Engineering, Denmark, mdpp@dtu.dk

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Keywords

Business Model Innovation for Circular Economy: Integrating Literature and Practice into a Conceptual Process Model

  • Marina de Padua Pieroni (a1), Tim McAloone (a1) and Daniela Pigosso (a1)

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