| Title | Aligning servitization and circularity: The role of institutional confluence in sustainable business models |
|---|---|
| ID_Doc | 34323 |
| Authors | Stabler, D; Hakala, H; Huikkola, T; Mention, AL |
| Title | Aligning servitization and circularity: The role of institutional confluence in sustainable business models |
| Year | 2024 |
| Published | |
| Abstract | This conceptual study explores the alignment between servitization-a shift from selling products to offering services-and circularity principles. The study introduces institutional confluence-a configuration of institutional pressures that enhance business model legitimacy to stakeholders and facilitate operational success- which can serve as a driver aligning servitization with circular principles. Institutional confluence has the capacity to trigger novel business models, shape resources and processes, enhance value capture, and inhibit unsustainable business models. The study develops the concept and underscores the role of institutional confluence in promoting this alignment and subsequent environmental sustainability. The article utilizes illustrative case examples from servitization and circular business models to develop the concept of institutional confluence serving sustainable servitization. The study offers strategic insights for managers and policymakers, emphasizing the need for a holistic approach that integrates servitization and circularity from the outset of business model design. It advocates for policies that leverage regulatory, normative, and mimetic pressures to foster sustainable business practices. The article contributes to the servitization literature by delineating the mechanisms through which institutional forces facilitate or hinder the integration of servitization and circularity, offering directions for future research to explore these dynamics across different contexts and industries. |
| https://doi.org/10.1016/j.jclepro.2024.142666 |
Similar Articles
| ID | Score | Article |
|---|---|---|
18668
|
Stal, HI; Riumkin, I; Bengtsson, M Business models for sustainability and firms' external relationships-A systematic literature review with propositions and research agenda(2023)Business Strategy And The Environment, 32.0, 6 | |
| 23533
|
Fehrer, JA; Wieland, H A systemic logic for circular business models(2021) | |
| 21925
|
Hao, NS; Dragomir, VD The Characteristics and Institutional Factors of Sustainable Business Models(2024)Proceedings Of The International Conference On Business Excellence, 18.0, 1 | |
| 34795
|
Broccardo, L; Vola, P; Zicari, A; Alshibani, SM Contingency-based analysis of the drivers and obstacles to a successful sustainable business model: Seeking the uncaptured value(2023) | |
| 34122
|
Bjartmarz, TK; Bocken, NMP Sustainable business models and organizational boundaries-A literature review(2024) | |
| 3758
|
Atif, S Mapping circular economy principles and servitisation approach in business model canvas: an integrated literature review(2023)Future Business Journal, 9, 1 | |
| 77952
|
Morioka, SN; Bolis, I; Evans, S; Carvalho, MM Transforming sustainability challenges into competitive advantage: Multiple case studies kaleidoscope converging into sustainable business models(2017) | |
| 34060
|
van Bommel, K Managing tensions in sustainable business models: Exploring instrumental and integrative strategies(2018) | |
| 34548
|
Olesson, E; Nenonen, S; Newth, J Enablers and Barriers: The Conflicting Role of Institutional Logics in Business Model Change for Sustainability(2023)Organization & Environment, 36, 2 | |
| 77943
|
Stubbs, W; Cocklin, C Conceptualizing a "sustainability business model"(2008)Organization & Environment, 21, 2 |