| Title | Circular business models in the luxury fashion industry: Toward an ecosystemic dominant design? |
|---|---|
| ID_Doc | 25759 |
| Authors | Arribas-Ibar, M; Nylund, PA; Brem, A |
| Title | Circular business models in the luxury fashion industry: Toward an ecosystemic dominant design? |
| Year | 2022 |
| Published | |
| Abstract | In line with current tendencies toward sustainability and deglobalization, economies worldwide increasingly rely on circular business models that slow, close, and narrow resource loops. This research seeks to develop a conceptual framework by combining theory on circular business models, dominant designs, and user experience and by extending these to the realm of innovation ecosystems. This framework is then employed to analyze the case of resale in the luxury fashion industry. We find the growth of secondhand luxury fashion would require a complex dominant design in terms of a busi-ness model that standardizes products, services, processes, data, and management elements. A design that combines these elements could center the market and, thus, further reduce resource input and waste in circular economies while promoting ecosystem emergence and expansion since it will reinforce the perceived values of craftmanship, durability, and sustainability of this ecosystem. For managers, the complexity involved requires questioning the feasibility of generating a proprietary dominant design for resale and instead relying on ecosystemic solutions. |
Similar Articles
| ID | Score | Article |
|---|---|---|
2639
|
Ostermann, CM; Nascimento, LD; Zen, AC Business Model Innovation for Circular Economy in Fashion Industry: A Startups' Perspective(2021) | |
| 14033
|
D'Itria, E; Aus, R Circular fashion: evolving practices in a changing industry(2023)Sustainability-Science Practice And Policy, 19, 1 | |
| 25919
|
Dragomir, VD; Dumitru, M Practical solutions for circular business models in the fashion industry(2022) | |
| 6125
|
Hellström, D; Olsson, J Let's go thrift shopping: Exploring circular business model innovation in fashion retail(2024) | |
| 3453
|
Hugo, AD; de Nadae, J; Lima, RD Can Fashion Be Circular? A Literature Review on Circular Economy Barriers, Drivers, and Practices in the Fashion Industry's Productive Chain(2021)Sustainability, 13, 21 | |
| 6047
|
Pedersen, ERG; Earley, R; Andersen, KR From singular to plural: exploring organisational complexities and circular business model design(2019)Journal Of Fashion Marketing And Management, 23, 3 | |
| 2646
|
Colucci, M; Vecchi, A Close the loop: Evidence on the implementation of the circular economy from the Italian fashion industry(2021)Business Strategy And The Environment, 30, 2 | |
| 3028
|
Mishra, S; Jain, S; Malhotra, G The anatomy of circular economy transition in the fashion industry(2021)Social Responsibility Journal, 17, 4 | |
| 13937
|
Todeschini, BV; Cortimiglia, MN; Callegaro-de-Menezes, D; Ghezzi, A Innovative and sustainable business models in the fashion industry: Entrepreneurial drivers, opportunities, and challenges(2017)Business Horizons, 60, 6 | |
| 2910
|
Ræbild, U; Bang, AL Rethinking the Fashion Collection as a Design Strategic Tool in a Circular Economy(2017) |