TY - JOUR
T1 - Circular business models
T2 - a review
AU - Geissdoerfer, Martin
AU - Pieroni, Marina P.P.
AU - Pigosso, Daniela C.A.
AU - Soufani, Khaled
N1 - Funding Information:
This work was supported by the EPSRC Centre for Innovative Manufacturing in Industrial Sustainability, grant number EP/I033351/1 and the EPSRC project Business Models for Sustainable Industrial Systems, grant number EP/L019914/1 , as well as studentships from the EPSRC and the Foundation of German Business . This work was also supported by the research project CIRCit (Circular Economy Integration in the Nordic Industry for Enhanced Sustainability and Competitiveness), which is part of the Nordic Green Growth Research and Innovation Programme (grant number 83144 ) and jointly funded by NordForsk , Nordic Energy Research , and Nordic Innovation . The authors would like to thank the funding agencies for the support.
Publisher Copyright:
© 2020 The Author(s)
PY - 2020/12/20
Y1 - 2020/12/20
N2 - The Circular Economy is gaining traction in academia, industry, and policy making as an alternative model that minimises resource depletion, waste, and emissions. To implement the concept on the organisational level, business models are an important leverage. A body of literature has emerged investigating the notion of circular business model and circular business model innovation, however, there is considerable lack of clarity about their theoretical conceptualisation. To address this and systematise the state-of-the-art of the nascent field of circular business models and circular business model innovation, we have reviewed this literature, employing systematic database searches and cross-reference snowballing. Our contributions to conceptual clarity are: (1) an overview of the history of the concepts of circular business model and circular business model innovation, (2) an overview and synthesis of definitions of circular business model and circular business model innovation, and (3) an overview and synthesis of conceptual frameworks for circular business model and circular business model innovation.
AB - The Circular Economy is gaining traction in academia, industry, and policy making as an alternative model that minimises resource depletion, waste, and emissions. To implement the concept on the organisational level, business models are an important leverage. A body of literature has emerged investigating the notion of circular business model and circular business model innovation, however, there is considerable lack of clarity about their theoretical conceptualisation. To address this and systematise the state-of-the-art of the nascent field of circular business models and circular business model innovation, we have reviewed this literature, employing systematic database searches and cross-reference snowballing. Our contributions to conceptual clarity are: (1) an overview of the history of the concepts of circular business model and circular business model innovation, (2) an overview and synthesis of definitions of circular business model and circular business model innovation, and (3) an overview and synthesis of conceptual frameworks for circular business model and circular business model innovation.
KW - Business model innovation
KW - Circular business model
KW - Circular economy
KW - Review
KW - Sustainable business model
UR - http://www.scopus.com/inward/record.url?scp=85090587831&partnerID=8YFLogxK
U2 - 10.1016/j.jclepro.2020.123741
DO - 10.1016/j.jclepro.2020.123741
M3 - Review Article
AN - SCOPUS:85090587831
SN - 0959-6526
VL - 277
JO - Journal of Cleaner Production
JF - Journal of Cleaner Production
M1 - 123741
ER -
