Business Model Innovation For Circular Economy And Sustainability A Review Of Approaches

The concept of cbms builds on the research field of business models 34 41 51 52 and research fields such as those on closed.

Business model innovation for circular economy and sustainability a review of approaches. One type of a sustainable business model is a circular business model cbms 10 43. In a future circular economy new business models are needed that slow close and narrow resource loops to address key resource and climate challenges. Sbm i addresses the limitations of current approaches.

The basic idea is first to test the company s current business model for sustainability against a broader temporal societal and spatial context so that its vulnerability to externalities its sustainability limits and. This paper provides a review of approaches for business model innovation for circular economy and or sustainability based on a systematic review of academic literature and practitioner based. Based on the exploration of business cases this article clarifies crucial aspects that influence the design of business models and sustainability provides a holistic context and considerations for resolving these conflicts and discusses the implications and managerial practices for companies that intend to develop circular business models.

A multitude of sustainable business model archetypes has been identified in the literature 9 19 47 50. In a future circular economy new business models are needed that. The circular economy has been heralded as a potential driver for sustainable development by business academia and policymakers.

Katja beyer marlen gabriele arnold circular approaches and business model innovations for social sustainability in the textile industry sustainable textile and fashion value chains 10 1007 978 3 030 22018 1 341 373 2021. A key question regarding business model innovation development for circular economy is how to make it happen in practice. Rovanto anu bask systemic circular business model application at the company supply chain and society levels a view into circular economy native and adopter companies business strategy and the environment 10 1002 bse 2677 0 0 undefined.

It builds on traditional business model innovation but applies it to a much expanded context. This paper provides a review of approaches for business model innovation for circular economy and or sustainability based on a systematic review of academic literature and practitioner based methodologies. 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.