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Circular business model transformation: A roadmap for incumbent firms
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences. House of Innovation, Stockholm School of Economics, Stockholm, Sweden. (Entrepreneurship & Innovation)ORCID iD: 0000-0002-8103-2519
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences. University of Vaasa, Vaasa, Finland. (Entrepreneurship & Innovation)
2019 (English)In: California Management Review, ISSN 0008-1256, E-ISSN 2162-8564, Vol. 61, no 2, p. 5-29Article in journal (Refereed) Published
Abstract [en]

To achieve positive economic, environmental, and social benefits, many incumbent manufacturing firms attempt to apply circular economy principles to their business practices. However, these firms often struggle to change their existing linear business models to circular models because the steps required for successful transformation are still poorly understood. Based on a multiple case study of eight business model transformation journeys, this article proposes a roadmap for circular business model transformation. It provides a step-by-step process to enable circular transition, allowing companies to meet environmental, social, and financial objectives and proactively address sustainability.

Place, publisher, year, edition, pages
Sage Publications, 2019. Vol. 61, no 2, p. 5-29
Keywords [en]
business models, case study, circular economy, manufacturing, sustainability, servitization
National Category
Social Sciences Other Engineering and Technologies not elsewhere specified
Research subject
Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-70812DOI: 10.1177/0008125618811926ISI: 000458850300001Scopus ID: 2-s2.0-85059043372OAI: oai:DiVA.org:ltu-70812DiVA, id: diva2:1246843
Note

Validerad;2019;Nivå 2;2019-03-14 (johcin)

Available from: 2018-09-10 Created: 2018-09-10 Last updated: 2019-03-14Bibliographically approved

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