| Title | Circular Economy Business Model in the Construction Industry: A Systematic Review |
|---|---|
| ID_Doc | 397 |
| Authors | Jayakodi, S; Senaratne, S; Perera, S |
| Title | Circular Economy Business Model in the Construction Industry: A Systematic Review |
| Year | 2024 |
| Published | Buildings, 14, 2 |
| Abstract | The construction business environment is becoming competitive and intense, and Business Models (BMs) are receiving considerable attention as potential sources of sustainable survival and growth. Converse to the Linear Economy (LE) model that industry follows, the Circular Economy (CE) model has the potential to create a sustainable construction industry while also creating a sustainable business environment in construction organisations. Nevertheless, in traditional BMs, value is often concentrated on the financial value for the stakeholders; in the Circular Economy Business Model (CEBM), value is seen more broadly by considering a comprehensive range of value chain partners, the environment, and society. Hence, implementing the CE in the construction industry requires reforms in each value chain. Thus, the aim of this paper is to develop a conceptual model for construction organisations' adoption of CEBM for their organisations. To accomplish this aim, the objectives of this paper are twofold: (i) to define the concept of CEBM and (ii) to map a conceptual Circular Economy Business Model Canvas (CEBMC) that is applicable in the construction organisational context. This research adopted a systematic document review, including a content analysis of selected papers. This study contributes significantly by proposing a CEBMC where construction organisations can successfully transform their businesses from linear to circular environments. |
Similar Articles
| ID | Score | Article |
|---|---|---|
5512
|
Heesbeen, C; Prieto, A Archetypical CBMs in Construction and a Translation to Industrialized Manufacture(2020)Sustainability, 12, 4 | |
| 3122
|
Otasowie, OK; Aigbavboa, CO; Oke, AE; Adekunle, P Mapping out focus for circular economy business models (CEBMs) research in construction sector studies - a bibliometric approach(2024) | |
| 3359
|
Dewagoda, KG; Ng, ST; Chen, J Driving systematic circular economy implementation in the construction industry: A construction value chain perspective(2022) | |
| 27073
|
Munaro, MR; Freitas, MDD; Tavares, SF; Bragança, L Circular Business Models: Current State and Framework to Achieve Sustainable Buildings(2021)Journal Of Construction Engineering And Management, 147.0, 12 | |
| 763
|
Guerra, BC; Shahi, S; Mollaei, A; Skaf, N; Weber, O; Leite, F; Haas, C Circular economy applications in the construction industry: A global scan of trends and opportunities(2021) | |
| 2603
|
Lee, PH; Juan, YK; Han, Q; de Vries, B An investigation on construction companies' attitudes towards importance and adoption of circular economy strategies(2023)Ain Shams Engineering Journal, 14, 12 | |
| 4097
|
Górecki, J; Núñez-Cacho, P; Corpas-Iglesias, FA; Molina, V How to convince players in construction market? Strategies for effective implementation of circular economy in construction sector(2019)Cogent Engineering, 6, 1 | |
| 4202
|
Hossain, MU; Ng, ST; Antwi-Afari, P; Amor, B Circular economy and the construction industry: Existing trends, challenges and prospective framework for sustainable construction(2020) | |
| 4694
|
Charef, R A Digital Framework for the Implementation of the Circular Economy in the Construction Sector: Expert Opinions(2024)Sustainability, 16, 14 | |
| 4406
|
Gamage, I; Senaratne, S; Perera, S; Jin, XH Implementing Circular Economy throughout the Construction Project Life Cycle: A Review on Potential Practices and Relationships(2024)Buildings, 14, 3 |