Determinant factors and business strategy in a sustainable business model: An explorative analysis for the promotion of solid waste recycling technologies

Abstract

Innovation strategies for the promotion of solid waste recycling technologies include not only new technologies for resource utilization of solid waste but also sustainable business models to support the adoption of these technologies. This study presents how to incorporate the determinant factors affecting technology promotion and business strategy into a sustainable business model for the promotion of solid waste recycling technologies. A systematic literature review summarizes the determinant factors affecting the aforementioned promotion, including market-, policy-, company-, and technology-related factors. Combined with the theoretical background of the sustainable business model, this study analyzes that for the promotion of solid waste recycling technologies from value dimensions (value proposition, value creation & delivery, and value capture) and sustainability dimensions (economic, social, and environmental). We confirm the importance of incorporating determinant factors into the sustainable business model from the analysis of the Daye Non-Ferrous Metal Recycling Park. Our case study proposes that innovation of the sustainable business model needs to drive changes in business strategy. To promote the aforementioned technologies, we propose an Internet-based technology service platform as the core strategy of the sustainable business model. As the private sector, technology companies can make full use of technological innovation, public policies, and the market environment to achieve and develop sustained competitive advantages through an Internet-based platform and to effectively enhance the promotion of solid waste recycling technologies and help achieve sustainable development.

Refuse derived fuels as an immediate strategy for the energy transition, circular economy, and sustainability

“…The traditional linear consumption or “take‐make‐dispose” model where the companies extract materials that are used to produce the desired products, which are sold to the final consumer who discards them when they no longer serve their purpose (Figure 2) is not acceptable nowadays (Cui et al, 2022). In reality, linear economies are material and energy intensive, and their consumption pattern has huge environmental, economic, and social disadvantages.…”

“…In opposition to linear economies, a circular economy (CE) is a “system that is regenerative by design and replaces the ‘end‐of‐life’ concept with restoration, promotes the use of renewable energy, eliminates the use of toxic chemicals and aims to eliminate waste generation through the design of materials, products, systems and business models” (Cui et al, 2022). The main difference of CE versus the other strategies to reduce energy and materials consumption is the creation of circular loops of materials, energy and waste flows involving all activities (European Comission, 2020).…”

“…Efficient innovation strategies for waste recycling technologies are only part of the solution and must be accompanied by sustainable business models to promote adoption. Cui et al (2022) analyzed the determinant factors that affect solid waste recycling technologies and proposed an internet-based technology service platform at the core of the sustainable business platform, an especially effective strategy for the private sector to effectively promote solid waste recycling technologies.…”

How to increase sustainable production in the food sector? Mapping industrial and business strategies and providing future research agenda

“…Food wastes can be generated at different stages of the food supply chain such as the initial agricultural phase, manufacturing processes, retailing and household consumption (Bhattacharya et al, 2021; Garcia‐Garcia et al, 2017; Yukesh Kannah et al, 2020). It has been argued that food could be wasted during this life cycle because of economic, societal or technological reasons (Cui et al, 2022; de Moraes et al, 2020). The European Council stresses that waste management should prioritise food waste practices such as its reusability and recycling and preferably recovering valuable materials (Huang et al, 2021).…”

Sorting Center Value Identification of “Internet + Recycling” Based on Transfer Clustering

“…The company will offer information to sorting centers and receive a commission [ 3 ]. Therefore, the “Internet + Recycling” companies will design a specific strategy based on sorting center costs [ 4 ], recycling channels [ 5 ], and value dimensions [ 6 ]. In this way, the company can improve its business competitiveness and reduce churn at the sorting center.…”