Advanced

Circular business model experimentation : Concept and approaches

Bocken, Nancy M.P. LU and Antikainen, Maria (2019) 5th International Conference on Sustainable Design and Manufacturing, SDM 2018 In Smart Innovation, Systems and Technologies 130. p.239-250
Abstract

This paper aims to provide conceptual insight on ‘Circular business model experimentation’ by exploring the concept and potential approaches to pursue. The Circular Economy can be a successful driver for change by focusing efforts on economic and environmental issues while also addressing socio-economic challenges such as (un)employment. The business model of firms is viewed as a systematic driver for change in a company, bringing together the various elements of the way of doing business: the value proposition (what value is proposed and to whom); value creation and delivery (how this value is provided) and value capture (how money is made and other forms of value are captured). To develop and validate novel business models,... (More)

This paper aims to provide conceptual insight on ‘Circular business model experimentation’ by exploring the concept and potential approaches to pursue. The Circular Economy can be a successful driver for change by focusing efforts on economic and environmental issues while also addressing socio-economic challenges such as (un)employment. The business model of firms is viewed as a systematic driver for change in a company, bringing together the various elements of the way of doing business: the value proposition (what value is proposed and to whom); value creation and delivery (how this value is provided) and value capture (how money is made and other forms of value are captured). To develop and validate novel business models, experimentation is needed. While experimentation has been prominent in natural sciences, economics and transitions management literature, it has not yet mainstreamed as a potential business approach, despite the fact that it has been heralded as a key driver for competitiveness and sustainability success. This paper explores the concept of Circular Business Model Experimentation by addressing the following questions: What is Circular Business Model Experimentation? What approaches are available for business? Based on this, suggestions for future research and practice on circular business model experimentation are developed.

(Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
host publication
Sustainable Design and Manufacturing - Proceedings of the 5th International Conference on Sustainable Design and Manufacturing KES-SDM-18
series title
Smart Innovation, Systems and Technologies
editor
Vlacic, Ljubo; Dao, Dzung; Howlett, Robert J.; Setchi, Rossi; ; ; and
volume
130
pages
12 pages
publisher
Springer Science and Business Media Deutschland GmbH
conference name
5th International Conference on Sustainable Design and Manufacturing, SDM 2018
conference location
Gold Coast, Australia
conference dates
2018-06-24 - 2018-06-26
external identifiers
  • scopus:85059050765
ISSN
2190-3018
2190-3026
ISBN
9783030042899
DOI
10.1007/978-3-030-04290-5_25
language
English
LU publication?
yes
id
08f682f4-cbfc-41ca-9766-9cb7d0b80c06
date added to LUP
2019-01-02 14:32:43
date last changed
2019-01-02 14:32:43
@inproceedings{08f682f4-cbfc-41ca-9766-9cb7d0b80c06,
  abstract     = {<p>This paper aims to provide conceptual insight on ‘Circular business model experimentation’ by exploring the concept and potential approaches to pursue. The Circular Economy can be a successful driver for change by focusing efforts on economic and environmental issues while also addressing socio-economic challenges such as (un)employment. The business model of firms is viewed as a systematic driver for change in a company, bringing together the various elements of the way of doing business: the value proposition (what value is proposed and to whom); value creation and delivery (how this value is provided) and value capture (how money is made and other forms of value are captured). To develop and validate novel business models, experimentation is needed. While experimentation has been prominent in natural sciences, economics and transitions management literature, it has not yet mainstreamed as a potential business approach, despite the fact that it has been heralded as a key driver for competitiveness and sustainability success. This paper explores the concept of Circular Business Model Experimentation by addressing the following questions: What is Circular Business Model Experimentation? What approaches are available for business? Based on this, suggestions for future research and practice on circular business model experimentation are developed.</p>},
  author       = {Bocken, Nancy M.P. and Antikainen, Maria},
  booktitle    = {Smart Innovation, Systems and Technologies},
  editor       = {Vlacic, Ljubo and Dao, Dzung and Howlett, Robert J. and Setchi, Rossi},
  isbn         = {9783030042899},
  issn         = {2190-3018},
  language     = {eng},
  location     = {Gold Coast, Australia},
  pages        = {239--250},
  publisher    = {Springer Science and Business Media Deutschland GmbH},
  title        = {Circular business model experimentation : Concept and approaches},
  url          = {http://dx.doi.org/10.1007/978-3-030-04290-5_25},
  volume       = {130},
  year         = {2019},
}