The browser you are using is not supported by this website. All versions of Internet Explorer are no longer supported, either by us or Microsoft (read more here: https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Please use a modern browser to fully experience our website, such as the newest versions of Edge, Chrome, Firefox or Safari etc.

nancy_bocken_ny.sv_.jpg

Nancy Bocken

Visiting professor

nancy_bocken_ny.sv_.jpg

Circular business model experimentation : Concept and approaches

Author

  • Nancy M.P. Bocken
  • Maria Antikainen

Editor

  • Ljubo Vlacic
  • Dzung Dao
  • Robert J. Howlett
  • Rossi Setchi

Summary, in English

This paper aims to provide conceptual insight on ‘Circular business model experimentation’ by exploring the concept and potential approaches to pursue. The Circular Economy can be a successful driver for change by focusing efforts on economic and environmental issues while also addressing socio-economic challenges such as (un)employment. The business model of firms is viewed as a systematic driver for change in a company, bringing together the various elements of the way of doing business: the value proposition (what value is proposed and to whom); value creation and delivery (how this value is provided) and value capture (how money is made and other forms of value are captured). To develop and validate novel business models, experimentation is needed. While experimentation has been prominent in natural sciences, economics and transitions management literature, it has not yet mainstreamed as a potential business approach, despite the fact that it has been heralded as a key driver for competitiveness and sustainability success. This paper explores the concept of Circular Business Model Experimentation by addressing the following questions: What is Circular Business Model Experimentation? What approaches are available for business? Based on this, suggestions for future research and practice on circular business model experimentation are developed.

Department/s

  • The International Institute for Industrial Environmental Economics

Publishing year

2019

Language

English

Pages

239-250

Publication/Series

Smart Innovation, Systems and Technologies

Volume

130

Document type

Conference paper

Publisher

Springer Science and Business Media B.V.

Topic

  • Economics

Conference name

5th International Conference on Sustainable Design and Manufacturing, SDM 2018

Conference date

2018-06-24 - 2018-06-26

Conference place

Gold Coast, Australia

Status

Published

ISBN/ISSN/Other

  • ISSN: 2190-3018
  • ISSN: 2190-3026
  • ISBN: 9783030042899