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Interactions of governmental policies and business models for a circular economy: A systematic literature review

Wasserbaur, Raphael ; Sakao, Tomohiko and Milios, Leonidas LU (2022) In Journal of Cleaner Production 337.
Abstract
Governmental policies and business models are considered key elements for a transition to a circular economy. In current literature, there is a lack of understanding on how these two elements interact and how this understanding is used to accelerate the realisation of a circular economy. We shed light on this issue by conducting a systematic review of the literature in combination with a literature synthesis that looked in particular at interactions between governmental policies and business models not limited to a circular economy. We systematised the findings and then applied them to a circular economy context. The results show that there is a multitude of possible interactions between governmental policies and business models. The most... (More)
Governmental policies and business models are considered key elements for a transition to a circular economy. In current literature, there is a lack of understanding on how these two elements interact and how this understanding is used to accelerate the realisation of a circular economy. We shed light on this issue by conducting a systematic review of the literature in combination with a literature synthesis that looked in particular at interactions between governmental policies and business models not limited to a circular economy. We systematised the findings and then applied them to a circular economy context. The results show that there is a multitude of possible interactions between governmental policies and business models. The most commonly studied interaction is between command-and-control regulations and the value proposition element of business models. Soft policy measures like information- or communication-based policies or support mechanisms are less studied. Other findings suggest that there are certain types of dynamics which are useful to understand for policymakers and business model designers alike. A few examples of the synthesised insights are i) entrepreneurs may optimise their circular business models to exploit the policy framework, ii) technologies may lead to circular business model innovation forcing policymakers to adapt, and iii) policymakers may pay special attention to the needs of circular business models and support their competitiveness. (Less)
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author
; and
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Circular Economy, Business model, Policies, Systems thinking
in
Journal of Cleaner Production
volume
337
article number
130329
pages
13 pages
publisher
Elsevier
external identifiers
  • scopus:85123580619
ISSN
0959-6526
DOI
10.1016/j.jclepro.2021.130329
project
Resource-Efficient and Effective Solutions based on Circular Economy Thinking - Phase 2
language
English
LU publication?
yes
id
1c682ffe-3722-41ab-8fe5-229c4ddb0885
date added to LUP
2022-01-30 16:35:07
date last changed
2022-04-25 00:56:12
@article{1c682ffe-3722-41ab-8fe5-229c4ddb0885,
  abstract     = {{Governmental policies and business models are considered key elements for a transition to a circular economy. In current literature, there is a lack of understanding on how these two elements interact and how this understanding is used to accelerate the realisation of a circular economy. We shed light on this issue by conducting a systematic review of the literature in combination with a literature synthesis that looked in particular at interactions between governmental policies and business models not limited to a circular economy. We systematised the findings and then applied them to a circular economy context. The results show that there is a multitude of possible interactions between governmental policies and business models. The most commonly studied interaction is between command-and-control regulations and the value proposition element of business models. Soft policy measures like information- or communication-based policies or support mechanisms are less studied. Other findings suggest that there are certain types of dynamics which are useful to understand for policymakers and business model designers alike. A few examples of the synthesised insights are i) entrepreneurs may optimise their circular business models to exploit the policy framework, ii) technologies may lead to circular business model innovation forcing policymakers to adapt, and iii) policymakers may pay special attention to the needs of circular business models and support their competitiveness.}},
  author       = {{Wasserbaur, Raphael and Sakao, Tomohiko and Milios, Leonidas}},
  issn         = {{0959-6526}},
  keywords     = {{Circular Economy; Business model; Policies; Systems thinking}},
  language     = {{eng}},
  month        = {{02}},
  publisher    = {{Elsevier}},
  series       = {{Journal of Cleaner Production}},
  title        = {{Interactions of governmental policies and business models for a circular economy: A systematic literature review}},
  url          = {{http://dx.doi.org/10.1016/j.jclepro.2021.130329}},
  doi          = {{10.1016/j.jclepro.2021.130329}},
  volume       = {{337}},
  year         = {{2022}},
}