The Roots of the Circular Economy

Lacy, Peter; Rutqvist, Jakob

doi:10.1057/9781137530707_2

Cited by 20 publications

(36 citation statements)

References 3 publications

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“…The issue of plowing back profit as revenue stream also prominently featured among the creatives. The traditional options of revenue streams concern selling products or services, advance payments and plowing back profits (Lacy et al ., 2015). However, the current study showed modern revenue streaming models, i.e.…”

Section: Demystifying the Ghanaian Creative Entrepreneurial Business ...mentioning

confidence: 99%

Demystifying business models (shifts) among Ghanaian creative entrepreneurs in a COVID-19 era

Kilu

Sanda

Alačovska

2023

AJEMS

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PurposeThere is growing scholarly discourse towards COVID-19 pandemic and creative entrepreneurship in the perspectives of Global South. Extant literature lacks sufficient empirical evidence on the subject matter. This paper therefore provides insights into business models and business model shifts in response to the COVID-19 pandemic among creative entrepreneurs in Ghana.Design/methodology/approachIn working towards achieving the purpose of the study, a qualitative design was deployed. Four artistic communities in three regions were understudied. The study conducted working interviews, Focus Group Discussions and field observations on the creative entrepreneurs.FindingsThe results showed a unique business model that captured ministries, agencies and departments; traditional authorities, foreigners and the diaspora community as key creative partners. The creative entrepreneurs equally proposed value via quality deliveries, attractive pattern mix, pure handy crafts, mart finishing, imbibing culture into productions and symbolic meanings. Their key activities include cutting and gluing, sewing and coloring, sketching and prototyping, annual Kente festivals, film shooting and editing. The creatives stream revenue through sales, advances, profit margins, contracts, gate proceeds, loans, friends and family support. The results also point at a regime of business model shifts among the creatives, deploying digitalization and diversification in response to the COVID-19 pandemic.Research limitations/implicationsThe research by design is limited to the qualitative tradition; despite knowing well about the quantitative approach that could have provided a wider scope and coverage for effective generalizability. Certainly, it would be of future research interest to design a comparative mix-method study to achieve a wider coverage feat. Indeed, the paper does achieve the goal of providing an original empirical account, hence making a valid contribution to knowledge in the area of study.Practical implicationsThe knowledge on demystified business models relative to the Ghanaian creative entrepreneurs has practical implications for practice: first, it generates a ground-up knowledge as to what creative entrepreneurial business models are, why they exist and exactly how to create one in a Global South perspective.Social implicationsThese creative business models and the COVID-19 induced model shifts among the Ghanaian creative entrepreneurs imply continuous creative livelihoods, sustainable business models and assurance for innovation in creative entrepreneurship space.Originality/valueThe study is of high scientific value, creative entrepreneurial essence and public interest to better demystify creative entrepreneurial business models and theoretically framed them. It offers strong empirical evidence on COVID-19 induced business model shifts. These creative business models and the COVID-19 induced model shifts among the Ghanaian creative entrepreneurs imply continuous creative livelihoods, sustainable business models and assurance for innovation in creative entrepreneurship space.

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Section: Demystifying the Ghanaian Creative Entrepreneurial Business ...mentioning

confidence: 99%

Demystifying business models (shifts) among Ghanaian creative entrepreneurs in a COVID-19 era

Kilu

Sanda

Alačovska

2023

AJEMS

View full text Add to dashboard Cite

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“…In this unidirectional production model the factories are supplied with natural resourecs and create mass-pruduction goods that awill be typically disposed after a single use. The unsustainable mass production/consumption model harvests the planet's natural resources and threatens the stability of our future [6], [7]. As the global middle class is expected to be doubled by 2030, the demand for resource intensive goods, like cars, is going to increase drastically [8].…”

Section: Bi-dimensional and Bi-directional Analysismentioning

confidence: 99%

A Framework for Pairing Circular Economy and the Internet of Things

Askoxylakis

2018

2018 IEEE International Conference on Communications (ICC)

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This paper highlights the interplay between Circular Economy and Internet of Things, and identifies novel ways in which this interaction can drastically change the nature of products, services, business models and ecosystems. It emphasizes the potential of novel circular economy business models and service supply chains to unlock synergies in order to generate direct value for customers/end-users and to augment resource productivity across economies. Furthermore, we sketch an open, circular-by-design IoT architecture, where "smart" IoT objects are integrated in the IoT ecosystem with proven key circularityenabling properties to maximize IoT resource and data harvesting in a new breed of circular-by-design IoT ecosystems.

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“…The CE represents a model of sustainable development, based on 'closing loops', enabling the reintegration of materials into the productive processes through different types and levels of recovery [47][48][49], where the economic growth is decoupled from resource consumption and pollutant emissions as end-of-life materials and products are conceived as resources rather than waste. This means closing the loops of materials, reducing the need for raw materials and waste disposal.…”

Section: Circular Economymentioning

confidence: 99%

Proposal of a Sustainable Circular Index for Manufacturing Companies

2017

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Abstract:Recently the circular economy has increasingly received attention worldwide due to the recognition that the security of the supply of resources and environmental sustainability are crucial for the prosperity of all the countries and businesses. G20 countries are stimulating the development of frameworks that enhance the circular economy and generally more sustainable production and consumption modes. In this context, this paper aims to suggest an index to assess the sustainability and the circularity of manufacturing companies. With this tenet, a Sustainable Circular Index (SCI) is proposed based on a five-phase framework. This index could support managers in assessing their level of sustainability and circularity and in implementing some practices that could improve the performances of their companies regarding these two topics. This index represents an important benchmarking tool for manufacturing companies to assess their sustainable and circular behavior and represents a guideline for managers.

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The Roots of the Circular Economy

Cited by 20 publications

References 3 publications

Demystifying business models (shifts) among Ghanaian creative entrepreneurs in a COVID-19 era

Demystifying business models (shifts) among Ghanaian creative entrepreneurs in a COVID-19 era

A Framework for Pairing Circular Economy and the Internet of Things

Proposal of a Sustainable Circular Index for Manufacturing Companies

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