IDEAS home Printed from https://ideas.repec.org/a/eee/techno/v124y2023ics0166497223000561.html
   My bibliography  Save this article

Circular ecosystem innovation portfolio management

Author

Listed:
  • Gomes, Leonardo Augusto de Vasconcelos
  • Castillo-Ospina, Danika A.
  • Facin, Ana Lucia Figueiredo
  • Ferreira, Camila dos Santos
  • Ometto, Aldo Roberto

Abstract

The prominence of the circular ecosystem raises questions about how firms innovate by creating and enhancing circular ecosystems. Using multiple case studies of seven companies and their circular ecosystems, we propose a new framework which we refer to as circular ecosystem innovation portfolio management. This new type of portfolio management addresses three different variations on circular innovation projects: new circular ecosystem innovation, architectural circular ecosystem innovation, and incremental circular ecosystem innovation. To deal with these projects, focal firms deal with four fundamental strategic decisions: internalizing, co-developing, inducing, and synchronizing. Three different strategic orientations explain how firms interpreted and dealt with their own needs and the circular ecosystem needs: circular egosystem, circular dominance, and circular health. The critical theoretical insight is circular ecosystem innovation portfolio management represents a new type of innovation process involving a new type of innovation project which increases our understanding of circular ecosystem heterogeneity and management.

Suggested Citation

  • Gomes, Leonardo Augusto de Vasconcelos & Castillo-Ospina, Danika A. & Facin, Ana Lucia Figueiredo & Ferreira, Camila dos Santos & Ometto, Aldo Roberto, 2023. "Circular ecosystem innovation portfolio management," Technovation, Elsevier, vol. 124(C).
    • Handle: RePEc:eee:techno:v:124:y:2023:i:c:s0166497223000561
    DOI: 10.1016/j.technovation.2023.102745
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0166497223000561
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.technovation.2023.102745?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

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

    References listed on IDEAS

    as
    1. Alejandro Padilla-Rivera & Sara Russo-Garrido & Nicolas Merveille, 2020. "Addressing the Social Aspects of a Circular Economy: A Systematic Literature Review," Sustainability, MDPI, vol. 12(19), pages 1-17, September.
    2. Kock, Alexander & Gemünden, Hans Georg, 2021. "How Entrepreneurial Orientation Can Leverage Innovation Project Portfolio Management," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 124844, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    3. Kristoffersen, Eivind & Blomsma, Fenna & Mikalef, Patrick & Li, Jingyue, 2020. "The smart circular economy: A digital-enabled circular strategies framework for manufacturing companies," Journal of Business Research, Elsevier, vol. 120(C), pages 241-261.
    4. Utterback, James M & Abernathy, William J, 1975. "A dynamic model of process and product innovation," Omega, Elsevier, vol. 3(6), pages 639-656, December.
    5. Daniel Jugend & Joao Victor Rojas Luiz & Charbel Jose Chiappetta Jabbour & Sérgio Luis a Silva & Ana Beatriz Lopes de Sousa Jabbour & Manoel Henrique Salgado, 2017. "Green Product Development and Product Portfolio Management: Empirical Evidence from an Emerging Economy," Business Strategy and the Environment, Wiley Blackwell, vol. 26(8), pages 1181-1195, December.
    6. Joachim Stonig & Torsten Schmid & Günter Müller‐Stewens, 2022. "From product system to ecosystem: How firms adapt to provide an integrated value proposition," Strategic Management Journal, Wiley Blackwell, vol. 43(9), pages 1927-1957, September.
    7. Gupta, Nitish & Park, Hyunkyu & Phaal, Rob, 2022. "The portfolio planning, implementing, and governing process: An inductive approach," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    8. Qin, Jian & van der Rhee, Bo & Venkataraman, Venugopal & Ahmadi, Taher, 2021. "The impact of IT infrastructure capability on NPD performance: The roles of market knowledge and innovation process formality," Journal of Business Research, Elsevier, vol. 133(C), pages 252-264.
    9. Antonella Zucchella & Pietro Previtali, 2019. "Circular business models for sustainable development: A “waste is food” restorative ecosystem," Business Strategy and the Environment, Wiley Blackwell, vol. 28(2), pages 274-285, February.
    10. Ron Adner & Rahul Kapoor, 2010. "Value creation in innovation ecosystems: how the structure of technological interdependence affects firm performance in new technology generations," Strategic Management Journal, Wiley Blackwell, vol. 31(3), pages 306-333, March.
    11. Simone Sehnem & Adriane A. Farias S. L. de Queiroz & Susana Carla Farias Pereira & Gabriel dos Santos Correia & Edson Kuzma, 2022. "Circular economy and innovation: A look from the perspective of organizational capabilities," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 236-250, January.
    12. Wisdom Kanda & Martin Geissdoerfer & Olof Hjelm, 2021. "From circular business models to circular business ecosystems," Business Strategy and the Environment, Wiley Blackwell, vol. 30(6), pages 2814-2829, September.
    13. Ana Carolina Bertassini & Aldo Roberto Ometto & Semih Severengiz & Mateus Cecilio Gerolamo, 2021. "Circular economy and sustainability: The role of organizational behaviour in the transition journey," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 3160-3193, November.
    14. Phil Brown & Nancy Bocken & Ruud Balkenende, 2020. "How Do Companies Collaborate for Circular Oriented Innovation?," Sustainability, MDPI, vol. 12(4), pages 1-21, February.
    15. Paolo Rosa & Claudio Sassanelli & Andrea Urbinati & Davide Chiaroni & Sergio Terzi, 2020. "Assessing relations between Circular Economy and Industry 4.0: a systematic literature review," International Journal of Production Research, Taylor & Francis Journals, vol. 58(6), pages 1662-1687, March.
    16. Gomes, Leonardo Augusto de Vasconcelos & Faria, Aline Mariane de & Braz, Antonio Carlos & Mello, Adriana Marotti de & Borini, Felipe Mendes & Ometto, Aldo Roberto, 2023. "Circular ecosystem management: Orchestrating ecosystem value proposition and configuration," International Journal of Production Economics, Elsevier, vol. 256(C).
    17. Anil Engez & Seppo Leminen & Leena Aarikka-Stenroos, 2021. "Urban Living Lab as a Circular Economy Ecosystem: Advancing Environmental Sustainability through Economic Value, Material, and Knowledge Flows," Sustainability, MDPI, vol. 13(5), pages 1-17, March.
    18. Pushpananthan, Gouthanan & Elmquist, Maria, 2022. "Joining forces to create value: The emergence of an innovation ecosystem," Technovation, Elsevier, vol. 115(C).
    19. Gomes, Leonardo Augusto de Vasconcelos & Flechas, Ximena Alejandra & Facin, Ana Lucia Figueiredo & Borini, Felipe Mendes, 2021. "Ecosystem management: Past achievements and future promises," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    20. Haijian Si & Stylianos Kavadias & Christoph Loch, 2022. "Managing innovation portfolios: From project selection to portfolio design," Production and Operations Management, Production and Operations Management Society, vol. 31(12), pages 4572-4588, December.
    21. Korhonen, Jouni & Honkasalo, Antero & Seppälä, Jyri, 2018. "Circular Economy: The Concept and its Limitations," Ecological Economics, Elsevier, vol. 143(C), pages 37-46.
    22. Douglas P. Hannah & Kathleen M. Eisenhardt, 2018. "How firms navigate cooperation and competition in nascent ecosystems," Strategic Management Journal, Wiley Blackwell, vol. 39(12), pages 3163-3192, December.
    23. Engwall, Mats & Kaulio, Matti & Karakaya, Emrah & Miterev, Maxim & Berlin, Daniel, 2021. "Experimental networks for business model innovation: A way for incumbents to navigate sustainability transitions?," Technovation, Elsevier, vol. 108(C).
    24. Patrick Schroeder & Kartika Anggraeni & Uwe Weber, 2019. "The Relevance of Circular Economy Practices to the Sustainable Development Goals," Journal of Industrial Ecology, Yale University, vol. 23(1), pages 77-95, February.
    25. Michael G. Jacobides & Carmelo Cennamo & Annabelle Gawer, 2018. "Towards a theory of ecosystems," Strategic Management Journal, Wiley Blackwell, vol. 39(8), pages 2255-2276, August.
    26. Brice Dattée & Oliver Alexy & Erkko Autio, 2018. "Maneuvering in Poor Visibility : How Firms Play the Ecosystem Game when Uncertainty is High," Post-Print hal-02312003, HAL.
    27. Elvira Haezendonck & Karel Van den Berghe, 2020. "Patterns of Circular Transition: What Is the Circular Economy Maturity of Belgian Ports?," Sustainability, MDPI, vol. 12(21), pages 1-15, November.
    28. Thomas, Llewellyn D.W. & Autio, Erkko & Gann, David M., 2022. "Processes of ecosystem emergence," Technovation, Elsevier, vol. 115(C).
    29. Alan Murray & Keith Skene & Kathryn Haynes, 2017. "The Circular Economy: An Interdisciplinary Exploration of the Concept and Application in a Global Context," Journal of Business Ethics, Springer, vol. 140(3), pages 369-380, February.
    30. Parida, Vinit & Burström, Thommie & Visnjic, Ivanka & Wincent, Joakim, 2019. "Orchestrating industrial ecosystem in circular economy: A two-stage transformation model for large manufacturing companies," Journal of Business Research, Elsevier, vol. 101(C), pages 715-725.
    31. Inoue, Yuki, 2021. "Indirect innovation management by platform ecosystem governance and positioning: Toward collective ambidexterity in the ecosystems," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    32. Shu, Ei (Emily), 2022. "Paradoxical framing and coping process on sustainable new product development," Technovation, Elsevier, vol. 111(C).
    33. Gianmarco Bressanelli & Marco Perona & Nicola Saccani, 2019. "Challenges in supply chain redesign for the Circular Economy: a literature review and a multiple case study," International Journal of Production Research, Taylor & Francis Journals, vol. 57(23), pages 7395-7422, December.
    34. J. P. Eggers, 2016. "Reversing course: Competing technologies, mistakes, and renewal in flat panel displays," Strategic Management Journal, Wiley Blackwell, vol. 37(8), pages 1578-1596, August.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Rauter, Romana & Globocnik, Dietfried & Baumgartner, Rupert J., 2023. "The role of organizational controls to advance sustainability innovation performance," Technovation, Elsevier, vol. 128(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shi, Xianwei & Liang, Xingkun & Luo, Yining, 2023. "Unpacking the intellectual structure of ecosystem research in innovation studies," Research Policy, Elsevier, vol. 52(6).
    2. Gomes, Leonardo Augusto de Vasconcelos & Faria, Aline Mariane de & Braz, Antonio Carlos & Mello, Adriana Marotti de & Borini, Felipe Mendes & Ometto, Aldo Roberto, 2023. "Circular ecosystem management: Orchestrating ecosystem value proposition and configuration," International Journal of Production Economics, Elsevier, vol. 256(C).
    3. Miehé, Lucas & Palmié, Maximilian & Oghazi, Pejvak, 2023. "Connection successfully established: How complementors use connectivity technologies to join existing ecosystems – Four archetype strategies from the mobility sector," Technovation, Elsevier, vol. 122(C).
    4. Luthra, Sunil & Kumar, Anil & Sharma, Manu & Arturo Garza-Reyes, Jose & Kumar, Vikas, 2022. "An analysis of operational behavioural factors and circular economy practices in SMEs: An emerging economy perspective," Journal of Business Research, Elsevier, vol. 141(C), pages 321-336.
    5. Bruno Michel Roman Pais Seles & Janaina Mascarenhas & Ana Beatriz Lopes de Sousa Jabbour & Adriana Hoffman Trevisan, 2022. "Smoothing the circular economy transition: The role of resources and capabilities enablers," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1814-1837, May.
    6. Gomes, Leonardo Augusto de Vasconcelos & Facin, Ana Lucia Figueiredo & Salerno, Mario Sergio, 2021. "Managing uncertainty propagation in innovation ecosystems," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    7. Sophia Barquete & Ana Hiromi Shimozono & Adriana Hofmann Trevisan & Camila Gonçalves Castro & Leonardo Augusto de Vasconcelos Gomes & Janaina Mascarenhas, 2022. "Exploring the Dynamic of a Circular Ecosystem: A Case Study about Drivers and Barriers," Sustainability, MDPI, vol. 14(13), pages 1-22, June.
    8. Uzunca, Bilgehan & Sharapov, Dmitry & Tee, Richard, 2022. "Governance rigidity, industry evolution, and value capture in platform ecosystems," Research Policy, Elsevier, vol. 51(7).
    9. Gomes, Leonardo Augusto de Vasconcelos & Flechas, Ximena Alejandra & Facin, Ana Lucia Figueiredo & Borini, Felipe Mendes, 2021. "Ecosystem management: Past achievements and future promises," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    10. Qinglan Liu & Adriana Hofmann Trevisan & Miying Yang & Janaina Mascarenhas, 2022. "A framework of digital technologies for the circular economy: Digital functions and mechanisms," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2171-2192, July.
    11. Gabi Försterling & Ronald Orth & Benjamin Gellert, 2023. "Transition to a Circular Economy in Europe through New Business Models: Barriers, Drivers, and Policy Making," Sustainability, MDPI, vol. 15(10), pages 1-40, May.
    12. Thomas, Llewellyn D.W. & Autio, Erkko & Gann, David M., 2022. "Processes of ecosystem emergence," Technovation, Elsevier, vol. 115(C).
    13. Gomes, Leonardo Augusto de Vasconcelos & Fleury, André Leme & Oliveira, Maicon Gouvêa de & Facin, Ana Lucia Figueiredo, 2021. "Ecosystem policy roadmapping," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    14. Han, Jin & Zhou, Haibo & Löwik, Sandor & de Weerd-Nederhof, Petra, 2022. "Building and sustaining emerging ecosystems through new focal ventures: Evidence from China's bike-sharing industry," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    15. Sema Kayapinar Kaya & Ejder Ayçin & Dragan Pamucar, 2023. "Evaluation of social factors within the circular economy concept for European countries," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 31(1), pages 73-108, March.
    16. Virginie Litaudon & Yiran Chen, 2023. "Transforming existing local ecosystems to circular economy ecosystems for plastics: The case of the PlastiCity ecosystem," Journal of Industrial Ecology, Yale University, vol. 27(5), pages 1406-1419, October.
    17. Pushpananthan, Gouthanan & Elmquist, Maria, 2022. "Joining forces to create value: The emergence of an innovation ecosystem," Technovation, Elsevier, vol. 115(C).
    18. Animesh Ghosh & Prabha Bhola & Uthayasankar Sivarajah, 2022. "Emerging Associates of the Circular Economy: Analysing Interactions and Trends by a Mixed Methods Systematic Review," Sustainability, MDPI, vol. 14(16), pages 1-41, August.
    19. Daniel A. Salas & Paulina Criollo & Angel D. Ramirez, 2021. "The Role of Higher Education Institutions in the Implementation of Circular Economy in Latin America," Sustainability, MDPI, vol. 13(17), pages 1-27, August.
    20. Dong, Caiting & Liu, Xielin & Tang, Fangcheng & Qiu, Shumin, 2023. "How upstream innovativeness of ecosystems affects firms' innovation: The contingent role of absorptive capacity and upstream dependence," Technovation, Elsevier, vol. 124(C).

    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:eee:techno:v:124:y:2023:i:c:s0166497223000561. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/01664972 .

    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.