Nancy Bocken
Visiting professor
Product design and business model strategies for a circular economy
Author
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