<i>Circular Economy Business Models: A Critical Examination</i>

Whalen, Charles J.; Whalen, Katherine

doi:10.1080/00213624.2020.1778404

Cited by 27 publications

(11 citation statements)

References 28 publications

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“…Ride-sharing platforms such as Uber and Ola and lodging services such as Airbnb are examples of this business model. It leads to optimum utilization of the products and services (Whalen and Whalen, 2020). The aim of product life extension business model is to reduce, reuse, restore, refill, recharge, recondition, redesign, refinish and remanufacture to decrease the disposal of product waste (Manninen et al , 2018).…”

Section: Circular Economy Business Models and Frameworkmentioning

confidence: 99%

How start-ups in emerging economies embrace circular business models and contribute towards a circular economy

Mehrotra

Jaladi

2022

JEEE

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Purpose The purpose of this paper is to investigate the practices that start-ups in emerging economies can implement to design circular economy business models and how they can create and capture value from a circular economy business model. Design/methodology/approach The paper adopts a qualitative case method approach with semi-structured interviews with start-up founder promoters, its employees, its beneficiaries and its customers, conducted in two local Indian start-ups engaged in the manufacture of products and providing services that promote adoption of circular economy principles. Findings Analysis of the two business models reveals common patterns in building value proposition. The findings suggest that start-up ventures adopt an iterative approach to produce reusable and interlinked products and co-create with customers, vendors and local communities. They adopt mechanisms that can create, deliver and capture value while maintaining economic viability, and thus contribute towards micro- and macro-level benefits. Research limitations/implications This study maximizes the depth of the phenomenon under investigation by leveraging case study methodology. Future research opportunities could be found in quantitative studies to increase the generalizability of the findings of this paper. Practical implications The paper presents a theoretical model linking the circular business model design and deployment mechanisms that can be used by start-up entrepreneurs desirous of embracing circular economy principles and thus contribute towards environmental, economic and developmental goals in emerging economies. Social implications To accelerate the transition of adoption of circularity principles in emerging markets, start-up ventures could adopt circular business models that contribute towards achieving positive behavioural change. This can be achieved by integrating with different stakeholders in the value network such that they play a vital role in the process of value creation and delivery and benefit from the value captured. Originality/value An interdisciplinary approach that integrates the research streams of circular economy, and business model design has been pursued to identify the design and deployment mechanisms adopted in the circular business models of start-ups in real-world emerging economies’ context.

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Section: Circular Economy Business Models and Frameworkmentioning

confidence: 99%

How start-ups in emerging economies embrace circular business models and contribute towards a circular economy

Mehrotra

Jaladi

2022

JEEE

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“…In contrast, circular business models may be conceptualized into those grounded on pay per use concepts (where products are rented or leased instead of owned), product life extension (such as reuse, repair, reset) and resource value extensions (such as recycling materials) [20]. There is a risk of mixing up the sustainable manufacturing strategies that contribute to the circular economy from the business models that underpin these strategies [4].…”

Section: Circular Business Model Trendsmentioning

confidence: 99%

New Business Models and Logistical Considerations for Composites Re-use

Copani

Mirpourian

Trivyza

et al. 2022

Digital Innovations in Architecture, Engineering and Construction

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The growing use of composites in various industries such as aerospace, automotive and wind turbine has increased environmental concerns regarding their waste disposal methods. Deploying circular economy practices to reuse composites could play a crucial role in the future. In this regard, this chapter addresses the development and implementation of new business models for composites re-use, as fundamental enabler for the industrial exploitation and diffusion of technological and methodological innovations developed in the FiberEUse project. Seven products were chosen as representatives for composites reuse application in four industrial sectors: sanitary, sports equipment, furniture and automotive. Re-use business models are presented describing their value proposition, with particular reference to the provision of advanced product-service bundles, the revenue models (including schemes such as leasing), as well as new supply chain configurations entailing new partnership between producers and recyclers to access post-use composites to re-use. Given the importance of reverse supply networks, the potential reverse logistics pathways for mechanical recycling of Glass Fiber Reinforced Plastic (GFRP), thermal recycling of Carbon Fiber Reinforced Plastic (CFRP) and remanufacturing of CF composites waste in Europe for 2020 and 2050 have been investigated. We concluded that the optimal reverse logistics network needs to be decentralized in more than one country in Europe. Therefore, it is suggested that policy makers address regulation to allow the transportation of waste between European countries to facilitate the development of recycling networks for composites reuse.

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“…Extending product lifetimes is promoted as an important avenue to reducing environmental impacts [83]; it allows spreading impacts from production over more use or function. However, extending product lifetimes does not always reduce environmental impact.…”

Section: Environmental Considerationsmentioning

confidence: 99%

Managing Circular Business Model Uncertainties with Future Adaptive Design

et al. 2021

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Designing products that can adapt to changes over time is crucial for managing product-related business risks in circular business models. However, there is limited circular economy research on how product adaptivity can contribute to more circular products and business models, especially in the early phases of business development and design. To address this research gap, this conceptual paper builds on the adaptable design concept and incorporates ideas from research on circular business models and circular design literature. It proposes a framework we collectively term “Future Adaptive Design” to help manage product-related business risks in circular business models and investigates related design strategies for product-based companies aiming to adopt circular business models.

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Circular Economy Business Models: A Critical Examination

Cited by 27 publications

References 28 publications

How start-ups in emerging economies embrace circular business models and contribute towards a circular economy

How start-ups in emerging economies embrace circular business models and contribute towards a circular economy

New Business Models and Logistical Considerations for Composites Re-use

Managing Circular Business Model Uncertainties with Future Adaptive Design

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