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Investigating Circular Business Model Innovation through Keywords Analysis

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  • Barbara Bigliardi

    (Department of Engineering and Architecture, University of Parma, 43124 Parma, Italy
    Department of Economics, Science, and Law, University of San Marino, 47891 Dogana, San Marino)

  • Serena Filippelli

    (Department of Engineering and Architecture, University of Parma, 43124 Parma, Italy)

Abstract

Ongoing economic, social and environmental developments have forced the production system to undertake a profound transformation, shifting from a linear to a circular model. The transformation towards a circular economy poses significant challenges for established companies, in many cases requiring a strong modification of their current business models, start-ups and new ventures. Firms need to completely rethink their value proposition, modifying how the product or service is produced, delivered to the customers and disposed of. As a result, interest in business model innovation with a view to a circular system has increased significantly over the last five years, leading to a flourishing literature production. Although several literature reviews have been published on the topic of the circular business model, few of them include the innovation dimension. Moreover, the time horizon covered by the previous reviews extends to 2019 and in one case to 2020. Since 2020 saw a 135% increase in scientific production compared to the previous year, it is necessary to update the prior works, taking into account the new contributions. Our paper aims to bridge this gap by proposing a literature review based on keywords analysis. In this way, it is possible to analyze the issues addressed in the circular business model innovation (CMBI) by categorizing them as core, emerging/phantom, trendy or intermittent. This analysis is particularly suitable for identifying future research directions as signaled by the emerging themes.

Suggested Citation

  • Barbara Bigliardi & Serena Filippelli, 2021. "Investigating Circular Business Model Innovation through Keywords Analysis," Sustainability, MDPI, vol. 13(9), pages 1-23, April.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:9:p:5036-:d:546844
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    4. Azwardi & Alghifari Mahdi Imago & Wahyu Aji Wijaya, 2023. "The Concept of Waste Management on Economic Development in the European Union," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 1-6, January.
    5. Barbara Brenner & Daria Drdla, 2023. "Business Model Innovation toward Sustainability and Circularity—A Systematic Review of Innovation Types," Sustainability, MDPI, vol. 15(15), pages 1-20, July.
    6. Massimo Bertolini & Francesco Leali & Davide Mezzogori & Cristina Renzi, 2023. "A Keyword, Taxonomy and Cartographic Research Review of Sustainability Concepts for Production Scheduling in Manufacturing Systems," Sustainability, MDPI, vol. 15(8), pages 1-21, April.
    7. Igor Ceratti Treptow & Jordana Marques Kneipp & Clandia Maffini Gomes & Isak Kruglianskas & Rodrigo Reis Favarin & Carlos María Fernandez-Jardón, 2022. "Business Model Innovation for Sustainable Value Creation in Construction Companies," Sustainability, MDPI, vol. 14(16), pages 1-17, August.
    8. Lukas Alexander Benz, 2022. "Critical Success Factors for Circular Business Model Innovation from the Perspective of the Sustainable Development Goals," Sustainability, MDPI, vol. 14(10), pages 1-18, May.
    9. Mechthild Donner & Hugo de Vries, 2023. "Innovative business models for a sustainable circular bioeconomy in the french agrifood domain," Post-Print hal-04047682, HAL.
    10. Maryam Hina & Chetna Chauhan & Rajat Sharma & Amandeep Dhir, 2023. "Circular economy business models as pillars of sustainability: Where are we now, and where are we heading?," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 6182-6209, December.
    11. Anja Eisenreich & Johann Füller & Martin Stuchtey, 2021. "Open Circular Innovation: How Companies Can Develop Circular Innovations in Collaboration with Stakeholders," Sustainability, MDPI, vol. 13(23), pages 1-23, December.
    12. Zikopoulos, Christos, 2022. "On the effect of upgradable products design on circular economy," International Journal of Production Economics, Elsevier, vol. 254(C).
    13. Barbara Bigliardi & Serena Filippelli, 2022. "Sustainability and Open Innovation: Main Themes and Research Trajectories," Sustainability, MDPI, vol. 14(11), pages 1-22, May.
    14. Landisoa Rabeson & Corina Paraschiv & Laurent Bertrandias & Régis Chenavaz, 2022. "Couple Ethical Purchase Behavior and Joint Decision Making: Understanding the Interaction Process and the Dynamics of Influence," Sustainability, MDPI, vol. 14(13), pages 1-19, July.
    15. Mechthild Donner & Hugo de Vries, 2023. "Innovative Business Models for a Sustainable Circular Bioeconomy in the French Agrifood Domain," Sustainability, MDPI, vol. 15(6), pages 1-29, March.

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