International Journal of Business and Globalisation · 2017 · 37 citations · 0 references
ManagementStrategic ManagementStrategyBusiness StrategyCircular EconomyInnovationBusiness Model DesignBusiness Model DevelopmentBusiness Model InnovationCircular Business ModelsCircular Economy InnovationCircular Economy StrategiesCircular Economy Business Model ArchetypesCircular Economy Business Model InnovationCircular Economy ModelsCircular Economy TransitionsConceptual Model DevelopmentTransition To Circular Business Models
The overall aim of this paper is to develop a new conceptual framework for the role of business models in a circular economy. The shift towards a circular economy will be mandatory in order to sustain growth despite the limited amount of resources on our earth. Yet, a fundamental understanding of the business models needed to achieve this goal is still missing. Reviewing existing research as well as professional and for-business publications, the author develops a conceptual model by clustering and abstraction. The first part of this paper demonstrates that, despite wording differences, a predominant agreement on a basic structure for new business models in a circular economy has emerged in the field. The second part develops a conceptual model for the transition towards a circular economy by introducing a hierarchical structure of new business models. By outlining the roadmap towards result-oriented business models, this structure will contribute to a faster transition into a circular economy.