| Title |
How to innovate business models for a circular bio-economy? |
| ID_Doc |
7127 |
| Authors |
Donner, M; de Vries, H |
| Title |
How to innovate business models for a circular bio-economy? |
| Year |
2021 |
| Published |
Business Strategy And The Environment, 30, 4 |
| DOI |
10.1002/bse.2725 |
| Abstract |
Shifting from a linear to a circular bio-economy requires new business models. The objective was getting insights into the uncharted research field of business model innovation for a circular and sustainable bio-economy within the agrifood sector. Eight European cases valorising agricultural waste and by-products by closing loops or cascading were studied regarding their innovation drivers and elements, via interviews, on-site visits and secondary data. In this domain, the findings highlight that business model innovations are depending on the (i) macro-environmental institutional-legal conditions and market trends, (ii) driven by internal economic, environmental and/or social objectives, but especially strongly linked to (iii) other actors often from different sectors seeking synergies and (iv) value co-creation via combined organisational and technological innovations. Business models for a circular bio-economy thus depend on various action levels and need radical combined organisational and technological innovations for a most efficient usage of agricultural waste and by-products. This also means new business configurations instead of linear innovation strategies currently still being dominant due to economic viability. |
| Author Keywords |
agricultural waste and by-products; bio-economy; business models; circular economy; co-creation; innovation; sustainability |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:000606808400001 |
| WoS Category |
Business; Environmental Studies; Management |
| Research Area |
Business & Economics; Environmental Sciences & Ecology |
| PDF |
https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/bse.2725
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