IDEAS home Printed from https://ideas.repec.org/a/ids/ijeima/v24y2020i4-5p236-248.html
   My bibliography  Save this article

Applying the circular economy to a business model: an illustrative case study of a pioneering energy company

Author

Listed:
  • Ville-Veikko Piispanen
  • Kaisa Henttonen
  • Eeva Aromaa

Abstract

While the circular economy (CE) has awakened discussion in business model literature, understanding of the circular business model (CBM) and value-creation opportunities in practice has been limited. This study focuses on one sustainable business model archetype: creating value from waste. It supports sustainable development by material circulation. We aim to provide an answer to the question of how a company converts its resources and capabilities into economic value by creating value from waste. This single case study in the Finnish energy sector focuses on a pioneering company applying CBM. The analysis more specifically illustrates the nine main elements of a business model: customer value proposition, segments, customer relationships, channels, key resources, key activities, partners, costs and revenues. Furthermore, we illustrate the internal and external adoption factors required to transform a business model canvas (BMC) to a CBM framework.

Suggested Citation

  • Ville-Veikko Piispanen & Kaisa Henttonen & Eeva Aromaa, 2020. "Applying the circular economy to a business model: an illustrative case study of a pioneering energy company," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 24(4/5), pages 236-248.
  • Handle: RePEc:ids:ijeima:v:24:y:2020:i:4/5:p:236-248
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=108253
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jashim Uddin Ahmed & Quazi Tafsirul Islam & Asma Ahmed & Sakib Bin Amin, 2023. "Extending Resource Value-Based Circular Economy Business Model in Emerging Economies: Lessons from India," Business Perspectives and Research, , vol. 11(2), pages 309-321, May.
    2. Hanna Lehtimäki & Ville-Veikko Piispanen & Kaisa Henttonen, 2020. "Strategic Decisions Related to Circular Business Model in a Forerunner Company: Challenges Due to Path Dependency and Lock-In," South Asian Journal of Business and Management Cases, , vol. 9(3), pages 402-412, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijeima:v:24:y:2020:i:4/5:p:236-248. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=7 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.