Business model innovation for circular economy and sustainability: A review of approaches

Abstract

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Microfoundations of dynamic capabilities: Insights from circular economy business cases

“…Our case studies show that redesigning of business models is a fundamental dynamic capability for CE (Pieroni et al, 2019). Case firms followed CE business model based on resource recovery (Accenture, 2014).…”

“…However, most firms are still questioning how they can adjust their existing business models or create new business models for CE (Urbinati, Chiaroni, & Chiesa, ). In this regard, some scholars have contributed to the literature (Bocken, de Pauw, Bakker, & van der Grinten, ; Linder & Williander, ; Pieroni, McAloone, & Pigosso, ). Notably, Inigo, Albareda, and Ritala () examined how firms build and draw new organizational capabilities, routines, and processes to identify, design, and develop business model innovation for sustainability.…”

Temporal Comparative Analysis of Industrial Symbiosis in a Business Network: Opportunities of Circular Economy

“…The BN, having a systemic approach among the companies that make it up, facilitate the promotion of CE, as these links and consequences are taken into account all the time, allowing greater value creation and opportunities for sustainable development. The authors corroborate by stating that by considering CE, it is possible to create value through opportunities for innovative business models, which are fundamental to sustaining companies' competitive advantage towards sustainability, providing opportunities to propose, create and deliver value [55]. This is possible through cost efficiency of operations and waste management in the value chain and implementation of recycling.…”

Business Models Amid Changes in Regulation and Environment: The Case of Finland–Russia

“…Due to this relationship of need and associated uncertainty, companies' dynamic capabilities towards renewing business models and their specific industry remain important factors in the business model innovation [39]. Especially in business model innovation aiming towards higher environmental sustainability, the surroundings of a company (e.g., industry, other actors and society) should be regarded in their business model through network orientation [40].…”

“…Hence, logistics service provision interconnects with environmental sustainability and business model innovation, mainly due to emerging trends in legislation and regulation as well as stakeholder demands. As stated, environmental sustainability is a growing issue in logistics [17,19] and in order for a company to reap the benefits from innovations, their business model should be designed in a manner allowing that [34,37,40]. This trajectory suggests that the logistics service providers should revise their business model design and include environmental sustainability as a factor of value for their offering.…”