A framework for sustainable value propositions in product-service systems

Kristensen, Heidi Simone; Remmen, Arne

doi:10.1016/j.jclepro.2019.03.074

Cited by 120 publications

(95 citation statements)

References 69 publications

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“…However, technology and collaborative ideas have been identified as inevitable contextual factors in the creation of value and the circular implication (Schenkel et al, 2015;Baldasarre et al, 2017;Hein et al, 2017;Jensen et al, 2019). In that regard, research has moved its focus towards product as-as-service options (Kristensen and Remmen, 2019), eco-innovation and circular models (Baldasarre et al, 2017), and most importantly on the development of value assessment tools and strategies when using resource recovery approaches (Iacovidou et al, 2017a;Velenturf and Purnell, 2017;Nußholz, 2018).…”

Section: Analysis and Findings Of Literature Reviewmentioning

confidence: 99%

Influential factors for value creation within the Circular Economy: Framework for Waste Valorisation

Leder

Kumar

Rodrigues

2020

Resources, Conservation and Recycling

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The present trend towards greener and less-waste intensive production methods, has started to establish the idea of a Circular Economy. However, in achieving circularity, obstacles need to be overcome and new business models need to be developed. One of these business model is Waste Valorisation. Waste Valorisation focuses on the transformation of alleged waste, by-products or residue into valuable material. This paper aims to establish the current view on Waste Valorisation models and explore any influential factors within this circular business model through the lens of social capital theory. The findings are based on a focus group discussion with academics, practitioners, and policy makers. Results indicate, collaborative aspects aid to create value within this specific business model, as well as technology can act as a facilitator for collaboration between stakeholders in realizing the benefits of Waste Valorisation model. Based on the findings, a theoretical framework was developed which can be used as a guide to develop further research on waste valorization.

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Section: Analysis and Findings Of Literature Reviewmentioning

confidence: 99%

Influential factors for value creation within the Circular Economy: Framework for Waste Valorisation

Leder

Kumar

Rodrigues

2020

Resources, Conservation and Recycling

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“…So far, u-PSS have largely been adopted in business-to-business markets, such as for office equipment [19][20][21], where their acceptance level and feasibility are relatively high [11]. Their presence in consumer (B2C) markets, however, lags behind.…”

Section: Introductionmentioning

confidence: 99%

Consumer Acceptance and Value in Use-Oriented Product-Service Systems: Lessons from Swedish Consumer Goods Companies

2020

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In order to make our production and consumption systems more sustainable, there is a need to further explore and support novel business models with higher sustainability potential. Use-oriented product-service systems (u-PSS) are considered a promising alternative to traditional ownership-based business models, as they may result in lower environmental impacts. The presence of u-PSS in consumer goods markets, however, is still small. This is due in part to the nature of the products and lack of consumer acceptance of u-PSS. Lately, however, companies in Sweden have begun offering u-PSS for consumer goods, thereby challenging earlier findings. Understanding about how companies encourage consumers to select u-PSS over ownership-based options is still lacking. We investigate this question by conducting interviews with and analysing websites and publicly available company reports of seven Swedish companies from three consumer goods sectors: clothing, eyewear and furniture. We found that, while consumer barriers to u-PSS found in previous studies—uncertainty and trust, economics and costs and desire to own—persist, tailoring elements of u-PSS business models to different markets, sectors and consumer segments can help address these barriers and ensure u-PSS resonate with consumers. The study also applies the concept of consumer perceived value to show how emphasising different dimensions of value—financial, functional, emotional and social—provided by u-PSS may help increase their acceptance and adoption.

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“…Market segmentation and value content are at the first level in the model framework; therefore, value proposition is still the core of the platform business model under big data. The clear value proposition, an effective method for enterprises to transfer their core identity and values [ 64 ], is not only a cornerstone of strategy [ 65 ] but also a useful tool for product marketing [ 66 ]. The value proposition of platform enterprises under big data is not different from that of traditional enterprises, which are not affected by big data and are still the core links of enterprises.…”

Section: Discussionmentioning

confidence: 99%

Assessing the application of big data technology in platform business model: A hierarchical framework

Du¹,

Gao²,

Chang³

et al. 2020

PLoS ONE

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This research aims to create a hierarchical framework for the development of a platform business model based on big data. However, this hierarchical framework must consider unnecessary attributes and the interrelationships between the aspects and the criteria. Hence, fuzzy set theory is used for screening out the unnecessary attributes, a decisionmaking and trial evaluation laboratory (DEMATEL) is proposed to manage the complex interrelationships among the aspects and attributes, and interpretive structural modeling (ISM) is used to divide the hierarchy and finally construct a hierarchical framework. The results reveal that (1) value proposition and community building in value production are fundamental links; (2) information technology and information management in value production are technical supports; (3) customer development in value marketing is the power source; and (4) value acquisition is the last link, which is established on the basis of and influenced by value marketing and value network. This hierarchical framework aims to guide the platform toward the application of big data. This study also proposes engagement of stakeholders for promoting value creation and establishing a sound business model from multiple levels and links.

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A framework for sustainable value propositions in product-service systems

Cited by 120 publications

References 69 publications

Influential factors for value creation within the Circular Economy: Framework for Waste Valorisation

Influential factors for value creation within the Circular Economy: Framework for Waste Valorisation

Consumer Acceptance and Value in Use-Oriented Product-Service Systems: Lessons from Swedish Consumer Goods Companies

Assessing the application of big data technology in platform business model: A hierarchical framework

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