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Nancy Bocken

Visiting professor

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Product design and business model strategies for a circular economy

Author

  • Nancy M.P. Bocken
  • Ingrid de Pauw
  • Conny Bakker
  • Bram van der Grinten

Summary, in English

The transition within business from a linear to a circular economy brings with it a range of practical challenges for companies. The following question is addressed: What are the product design and business model strategies for companies that want to move to a circular economy model? This paper develops a framework of strategies to guide designers and business strategists in the move from a linear to a circular economy. Building on Stahel, the terminology of slowing, closing, and narrowing resource loops is introduced. A list of product design strategies, business model strategies, and examples for key decision-makers in businesses is introduced, to facilitate the move to a circular economy. This framework also opens up a future research agenda for the circular economy.

Department/s

  • Mechanical Engineering with Industrial Design Engineering (M.Sc.Eng.)

Publishing year

2016-07-03

Language

English

Pages

308-320

Publication/Series

Journal of Industrial and Production Engineering

Volume

33

Issue

5

Document type

Journal article

Publisher

Taylor & Francis

Topic

  • Economics and Business

Keywords

  • Circular business model
  • circular design
  • circularity
  • closed loop
  • sustainability

Status

Published

ISBN/ISSN/Other

  • ISSN: 2168-1015