Advanced

A review and evaluation of circular business model innovation tools

Bocken, Nancy LU ; Strupeit, Lars LU ; Whalen, Katherine LU and Nußholz, Julia LU (2019) In Sustainability (Switzerland) 11(8).
Abstract

The circular economy has been heralded as a potential driver for sustainable development by business, academia, and policymakers. In a future circular economy, new business models are needed that slow, close and narrow resource loops to address key resource and climate challenges. After a phase of excitement and inspiration, an operationalization phase needs to start to ensure the best possible implementation and transition towards a circular economy. This operationalization phase will involve the development of products, processes and business models that significantly lower the negative impact on the environment, reduce waste and resource pressures and, rather, create a positive impact on society and environment. This paper focuses on... (More)

The circular economy has been heralded as a potential driver for sustainable development by business, academia, and policymakers. In a future circular economy, new business models are needed that slow, close and narrow resource loops to address key resource and climate challenges. After a phase of excitement and inspiration, an operationalization phase needs to start to ensure the best possible implementation and transition towards a circular economy. This operationalization phase will involve the development of products, processes and business models that significantly lower the negative impact on the environment, reduce waste and resource pressures and, rather, create a positive impact on society and environment. This paper focuses on the circular business model lens as a comprehensive way of addressing business innovation. Within this evolving circular economy operationalization phase, several tools, approaches and methods are emerging that could support circular business model innovation. This paper seeks to create a comprehensive tools overview through a literature and practice review. It provides structure to the emerging range of tools, methods and approaches, and, based on this, a guideline for future tool development. Finally, it gives an overview of opportunities and gaps as well as a future agenda for research and practice.

(Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Business model innovation, Business models, Circular business model experimentation, Circular business model tools, Circular economy, Innovation tools, Literature review, Practice review, Product service systems, PSS
in
Sustainability (Switzerland)
volume
11
issue
8
publisher
MDPI AG
external identifiers
  • scopus:85066872160
ISSN
2071-1050
DOI
10.3390/su11082210
language
English
LU publication?
yes
id
aae6a4f1-ec86-4c9c-ab9a-4e6ddbc23fa3
date added to LUP
2019-06-19 09:50:08
date last changed
2019-10-15 07:08:09
@article{aae6a4f1-ec86-4c9c-ab9a-4e6ddbc23fa3,
  abstract     = {<p>The circular economy has been heralded as a potential driver for sustainable development by business, academia, and policymakers. In a future circular economy, new business models are needed that slow, close and narrow resource loops to address key resource and climate challenges. After a phase of excitement and inspiration, an operationalization phase needs to start to ensure the best possible implementation and transition towards a circular economy. This operationalization phase will involve the development of products, processes and business models that significantly lower the negative impact on the environment, reduce waste and resource pressures and, rather, create a positive impact on society and environment. This paper focuses on the circular business model lens as a comprehensive way of addressing business innovation. Within this evolving circular economy operationalization phase, several tools, approaches and methods are emerging that could support circular business model innovation. This paper seeks to create a comprehensive tools overview through a literature and practice review. It provides structure to the emerging range of tools, methods and approaches, and, based on this, a guideline for future tool development. Finally, it gives an overview of opportunities and gaps as well as a future agenda for research and practice.</p>},
  articleno    = {2210},
  author       = {Bocken, Nancy and Strupeit, Lars and Whalen, Katherine and Nußholz, Julia},
  issn         = {2071-1050},
  keyword      = {Business model innovation,Business models,Circular business model experimentation,Circular business model tools,Circular economy,Innovation tools,Literature review,Practice review,Product service systems,PSS},
  language     = {eng},
  number       = {8},
  publisher    = {MDPI AG},
  series       = {Sustainability (Switzerland)},
  title        = {A review and evaluation of circular business model innovation tools},
  url          = {http://dx.doi.org/10.3390/su11082210},
  volume       = {11},
  year         = {2019},
}