| Title | How start-ups in emerging economies embrace circular business models and contribute towards a circular economy |
|---|---|
| ID_Doc | 28370 |
| Authors | Mehrotra, S; Jaladi, SR |
| Title | How start-ups in emerging economies embrace circular business models and contribute towards a circular economy |
| Year | 2022 |
| Published | Journal Of Entrepreneurship In Emerging Economies, 14.0, 5 |
| Abstract | Purpose The purpose of this paper is to investigate the practices that start-ups in emerging economies can implement to design circular economy business models and how they can create and capture value from a circular economy business model. Design/methodology/approach The paper adopts a qualitative case method approach with semi-structured interviews with start-up founder promoters, its employees, its beneficiaries and its customers, conducted in two local Indian start-ups engaged in the manufacture of products and providing services that promote adoption of circular economy principles. Findings Analysis of the two business models reveals common patterns in building value proposition. The findings suggest that start-up ventures adopt an iterative approach to produce reusable and interlinked products and co-create with customers, vendors and local communities. They adopt mechanisms that can create, deliver and capture value while maintaining economic viability, and thus contribute towards micro- and macro-level benefits. Research limitations/implications This study maximizes the depth of the phenomenon under investigation by leveraging case study methodology. Future research opportunities could be found in quantitative studies to increase the generalizability of the findings of this paper. Practical implications The paper presents a theoretical model linking the circular business model design and deployment mechanisms that can be used by start-up entrepreneurs desirous of embracing circular economy principles and thus contribute towards environmental, economic and developmental goals in emerging economies. Social implications To accelerate the transition of adoption of circularity principles in emerging markets, start-up ventures could adopt circular business models that contribute towards achieving positive behavioural change. This can be achieved by integrating with different stakeholders in the value network such that they play a vital role in the process of value creation and delivery and benefit from the value captured. Originality/value An interdisciplinary approach that integrates the research streams of circular economy, and business model design has been pursued to identify the design and deployment mechanisms adopted in the circular business models of start-ups in real-world emerging economies' context. |
Similar Articles
| ID | Score | Article |
|---|---|---|
24359
|
Rok, B; Kulik, M Circular start-up development: the case of positive impact entrepreneurship in Poland(2021)Corporate Governance-The International Journal Of Business In Society, 21, 2 | |
| 22368
|
Henry, M; Bauwens, T; Hekkert, M; Kirchherr, J A typology of circular start-ups: Analysis of 128 circular business models(2020) | |
| 2798
|
De Angelis, R Circular economy business models as progressive business models: Evidence from circular start-ups(2024) | |
| 4052
|
Ranta, V; Aarikka-Stenroos, L; Makinen, SJ Creating value in the circular economy: A structured multiple-case analysis of business models(2018) | |
| 4304
|
Klofsten, M; Kanda, W; Bienkowska, D; Bocken, N; Mian, S; Lamine, W Start-ups within entrepreneurial ecosystems: Transition towards circular economy(2024)International Small Business Journal-Researching Entrepreneurship, 42, 4 | |
| 16460
|
Mohapatra, S; Roy, S; Upadhyay, A; Kumar, A Circular value creation through environmental entrepreneurship initiatives: A case-based exploration(2024)Business Strategy And The Environment, 33, 5 | |
| 1237
|
Lewandowski, M Designing the Business Models for Circular Economy-Towards the Conceptual Framework(2016)Sustainability, 8, 1 | |
| 515
|
Woldeyes, TD; Muffatto, M; Ferrati, F Archetypes of Business Models for Circular Economy: A Classification Approach and Value Perspective(2023) | |
| 20825
|
Geissdoerfer, M; Santa-Maria, T; Kirchherr, J; Pelzeter, C Drivers and barriers for circular business model innovation(2023)Business Strategy And The Environment, 32, 6 | |
| 21500
|
Ünal, E; Urbinati, A; Chiaroni, D; Manzini, R Value Creation in Circular Business Models: The case of a US small medium enterprise in the building sector(2019) |