Developing and implementing circular economy business models in service-oriented technology companies

Heyes, Graeme; Sharmina, Maria; Mendoza, Joan Manuel F.; Gallego‐Schmid, Alejandro; Azapagic, Adisa

doi:10.1016/j.jclepro.2017.12.168

Cited by 270 publications

(201 citation statements)

References 26 publications

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“…These studies argue that much of the CE literature concentrates on reduction, reuse and recycling of waste [1]. In addition, sustainable business models for CE have been studied and developed in several studies [10,29]. Scholars [30] recently analysed the largest US stock exchange companies' understanding of and actions towards circular economy through keyword analysis of press releases.…”

Section: Circular Economy Concept Across Institutional Spheresmentioning

confidence: 99%

Circular Economy in the Triple Helix of Innovation Systems

et al. 2018

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The Triple Helix concept of innovation systems holds that consensus space among industry, government and university is required to bring together their competences to achieve enhanced economic and social development on a systemic scale. In line with this argument, this article analyses empirically how the concept of circular economy is conceived in the institutional spheres of "industry", "government" and "university". Innovation systems are constantly being reconstructed through knowledge production and communication, which is reflected in how concepts develop in the different spheres. By applying natural language processing tools to key contributions from each of the three spheres (the "Triple Helix"), it is shown that, although institutional backgrounds do contribute to differing conceptualizations of circular economy, there is a substantial but limited conceptual consensus space, which, according to the Triple Helix, should open new opportunities for innovations. The consensus space shared across the three spheres focuses on materials and products and sees circular economy as a way to create new resources, businesses and products from waste. The industry sphere highlights business opportunities on global scale, which are also evident in the government sphere. The government sphere connects circular economy to waste-related innovation policies targeted at industrial renewal, economic growth, investments and jobs. The university sphere, in turn, focuses on production and environmental issues, waste and knowledge, and is rather distinct from the two other spheres. The importance of the differing conceptions of circular economy is based on the logic of Triple Helix systems. Accordingly, sufficient consensus between the Triple Helix spheres can advance the application of the concept of circular economy beyond the individual spheres to achieve systemic changes.

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Section: Circular Economy Concept Across Institutional Spheresmentioning

confidence: 99%

Circular Economy in the Triple Helix of Innovation Systems

et al. 2018

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“…Heyes, Sharmina, Mendoza, Gallego-Schmid, and Azapagic [65] applied Backcasting and Eco-design for the Circular Economy (BECE) framework to identify how ICT firms diagnose circular business model innovations. Since BECE is designed for the product-oriented firms Heyes et al [65], by shifting the focus to a user-centered eco-design, design circular economy models that put the customer satisfaction in priority.…”

Section: Circular Economymentioning

confidence: 99%

Sustainable Business Models: A Review

et al. 2019

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During the past two decades of the e-commerce growth the concept of business model has become increasingly popular. More recently, the research on this realm has grown rapidly with a diverse research activity covering a wide range of application areas. Considering the sustainable development goals the innovative business models have brought a competitive advantage to improve the sustainability performance of organizations. The concept of the sustainable business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts in a sustainable way. The process of sustainable business model construction forms an innovative part of business strategy. Different industries and businesses have utilized sustainable business models' concept to satisfy their economic, environmental and social goals simultaneously. However, the success, popularity, and the progress of sustainable business models in different application domains are not clear. To explore this issue, this research provides a comprehensive review of sustainable business models literature in various application areas. Notable sustainable business models are identified and further classified in fourteen unique categories, and in every category, the progress -either failure or success-has been reviewed and the research gaps are discussed. Taxonomy of the applications includes innovation, management and marketing, entrepreneurship, energy, fashion, healthcare, agri-food, supply chain management, circular economy, developing countries, engineering, construction and real estate, mobility and transportation, and hospitality. The key contribution of this study is to provide an insight into the state of the art of sustainable business models in various application areas and future research directions. This paper concludes that popularity and the success rate of sustainable business models in all application domains have been increased along with the increasing use of advanced technologies.

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“…In 2016, world cement production generated around 2.2 billion tonnes of CO 2 -equivalent to 8% of the global total [21]. From an economic perspective, the increasing volatility of raw material prices has been highlighted as one of the main reasons for applying CE principles [22]. As an example, the price of cement and construction metals in the UK increased 9.4% and 7.2%, respectively, from 2014 to 2018 [23].…”

Section: Underground Constructionmentioning

confidence: 99%

Numerical Prediction and Corresponding Circular Economy Approaches for Resource Optimisation and Recovery of Underground Structures

2020

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The transition from a linear economy to a circular economy is a significant component of economic, environmental and social sustainability. Underground metro infrastructures such as tunnels can play a vital role in a circular economy, resulting in greater sustainability and less contribution to climate change. This paper presents numerical models of small-scale brick-lined railway tunnels to identify the critical locations, and then proposes corresponding circular approaches and solutions for the design, maintenance, life extension and end-of-service-life (EoSL) stages of underground infrastructures. The proposed numerical model is firstly verified with respect to the relevant experimental model based on tests under various loading conditions. The results demonstrate that detailed failure processes can be realistically captured by the numerical model, while the macroscopic behaviour compares well with experimental observations. Numerical modelling and subsequent prediction stand out as a practical approach and a powerful performance-based tool for analysing the reuse/recycling potential of metro tunnels and then carrying out easy repair and design for adaptability, disassembly and recoverability of underground infrastructures for a circular economy.

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Developing and implementing circular economy business models in service-oriented technology companies

Cited by 270 publications

References 26 publications

Circular Economy in the Triple Helix of Innovation Systems

Circular Economy in the Triple Helix of Innovation Systems

Sustainable Business Models: A Review

Numerical Prediction and Corresponding Circular Economy Approaches for Resource Optimisation and Recovery of Underground Structures

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