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Towards a circular economy - how business model innovation will help to make the shift

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  • Patrick Planing

Abstract

The overall aim of this paper is to develop a new conceptual framework for the role of business models in a circular economy. The shift towards a circular economy will be mandatory in order to sustain growth despite the limited amount of resources on our earth. Yet, a fundamental understanding of the business models needed to achieve this goal is still missing. Reviewing existing research as well as professional and for-business publications, the author develops a conceptual model by clustering and abstraction. The first part of this paper demonstrates that, despite wording differences, a predominant agreement on a basic structure for new business models in a circular economy has emerged in the field. The second part develops a conceptual model for the transition towards a circular economy by introducing a hierarchical structure of new business models. By outlining the roadmap towards result-oriented business models, this structure will contribute to a faster transition into a circular economy.

Suggested Citation

  • Patrick Planing, 2018. "Towards a circular economy - how business model innovation will help to make the shift," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 20(1), pages 71-83.
    • Handle: RePEc:ids:ijbglo:v:20:y:2018:i:1:p:71-83
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    Citations

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    Cited by:

    1. Miranda, Bruno Varella & Monteiro, Guilherme Fowler A. & Rodrigues, Vinicius Picanço, 2021. "Circular agri-food systems: A governance perspective for the analysis of sustainable agri-food value chains," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    2. Pereira, Vijay & Nandakumar, M.K. & Sahasranamam, Sreevas & Bamel, Umesh & Malik, Ashish & Temouri, Yama, 2022. "An exploratory study into emerging market SMEs’ involvement in the circular Economy: Evidence from India’s indigenous Ayurveda industry," Journal of Business Research, Elsevier, vol. 142(C), pages 188-199.

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