| Title | Developing and implementing circular economy business models in service-oriented technology companies |
|---|---|
| ID_Doc | 912 |
| Authors | Heyes, G; Sharmina, M; Mendoza, JMF; Gallego-Schmid, A; Azapagic, A |
| Title | Developing and implementing circular economy business models in service-oriented technology companies |
| Year | 2018 |
| Published | |
| Abstract | The service sector has the potential to play an instrumental role in the shift towards circular economy due to its strategic position between manufacturers and end-users. However, there is a paucity of supporting methodologies and real-life applications to demonstrate how service-oriented companies can implement circular economy principles in daily business practice. This paper addresses this gap by analysing the potential of service-oriented companies in the information and communication technology (ICT) sector to build and implement circular economy business models. To this end, the Backcasting and Eco-design for the Circular Economy (BECE) framework is applied in an ICT firm. BECE, previously developed and demonstrated for product-oriented applications, has been developed further here for applications in the service sector. By shifting the focus from a product-oriented approach to a user centred eco-design, the paper shows how ICT firms can identify, evaluate and prioritise sustainable business model innovations for circular economy. The two most promising business model innovations are explored strategically with the aim of designing circular economy models consistent with the company's priorities of customer satisfaction and profitability. The findings suggest that ICT companies may be able to support the deployment of a circular economy in the service-oriented technology sector. Importantly, micro and small organisations can play a fundamental role if provided with macro-level support to overcome company-level barriers. Finally, the BECE framework is shown to be a valuable resource to explore, analyse and guide the implementation of circular economy opportunities in service oriented organisations. Further research to verify the application of the findings to other service-oriented organisations is recommended. (C) 2017 Elsevier Ltd. All rights reserved. |
| https://doi.org/10.1016/j.jclepro.2017.12.168 |
Similar Articles
| ID | Score | Article |
|---|---|---|
885
|
Han, J; Heshmati, A; Rashidghalam, M Circular Economy Business Models with a Focus on Servitization(2020)Sustainability, 12, 21 | |
| 1237
|
Lewandowski, M Designing the Business Models for Circular Economy-Towards the Conceptual Framework(2016)Sustainability, 8, 1 | |
| 1068
|
Pieroni, MPP; McAloone, TC; Pigosso, DCA Configuring New Business Models for Circular Economy through Product-Service Systems(2019)Sustainability, 11, 13 | |
| 5324
|
Alcayaga, A; Hansen, EG Smart circular economy as a service business model: an activity system framework and research agenda(2024) | |
| 12603
|
Han, DH; Konietzko, J; Dijk, M; Bocken, N How do companies launch circular service business models in different countries?(2022) | |
| 1821
|
Bressanelli, G; Adrodegari, F; Perona, M; Saccani, N The role of digital technologies to overcome Circular Economy challenges in PSS Business Models: an exploratory case study(2018) | |
| 5768
|
Pieroni, MD; Blomsma, F; McAloone, TC; Pigosso, DCA Enabling circular strategies with different types of product/service-systems(2018) | |
| 515
|
Woldeyes, TD; Muffatto, M; Ferrati, F Archetypes of Business Models for Circular Economy: A Classification Approach and Value Perspective(2023) | |
| 945
|
David, GM; Druta, RM; Birgovan, AL; Bacali, L; Lungu, F Industry 4.0 And The Circular Economy: A Systematic Review Of The Literature(2021)Acta Technica Napocensis Series-Applied Mathematics Mechanics And Engineering, 64, 4 | |
| 17017
|
Fernandes, SD; Rozenfeld, H Business model innovation through the design of circular product-service system value propositions: A method proposal(2024) |