| Title |
Configuring New Business Models for Circular Economy through Product-Service Systems |
| ID_Doc |
1068 |
| Authors |
Pieroni, MPP; McAloone, TC; Pigosso, DCA |
| Title |
Configuring New Business Models for Circular Economy through Product-Service Systems |
| Year |
2019 |
| Published |
Sustainability, 11, 13 |
| DOI |
10.3390/su11133727 |
| Abstract |
Product-service systems (PSSs) are often outlined as potential enablers of new business models for circular economy. However, not all business models based on product-service systems have superior circularity potential. This research demonstrates how the application of a previously developed business model configurator for circular economy can support the design and assessment of customer value, economic and resource decoupling potential for product-service system business models in practice. By applying action research in two Nordic manufacturing companies from the furniture sector, different business model concepts based on product-service systems were proposed and assessed. Results indicate positive uptake by companies regarding the usefulness of the obtained outcomes. This research identified two key findings about product-service system business models for circular economy': (i) their configuration should fulfil certain simultaneous conditions-i.e. superior customer value, economic growth, and resource decoupling potential-to contribute to circular economy; and (ii) they are often niche solutions', fulfilling specific needs and customer segments, and more likely to flourish with certain types/characteristic of products, segments or geographical locations. Lastly, a framework outlining the conditions and trade-offs for assessing the circularity potential of business models based on product-service systems is introduced as one of the key contributions. |
| Author Keywords |
business model innovation; circular economy; product-service system (PSS); configuration; action research |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000477051900217 |
| WoS Category |
Green & Sustainable Science & Technology; Environmental Sciences; Environmental Studies |
| Research Area |
Science & Technology - Other Topics; Environmental Sciences & Ecology |
| PDF |
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