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Assessing sustainability opportunities for circular business models
Luleå University of Technology, Department of Social Sciences, Technology and Arts, Business Administration and Industrial Engineering.ORCID iD: 0000-0001-6700-6675
Luleå University of Technology, Department of Social Sciences, Technology and Arts, Business Administration and Industrial Engineering. House of Innovation, Stockholm School of Economics, Stockholm, Sweden.ORCID iD: 0000-0002-8103-2519
Luleå University of Technology, Department of Social Sciences, Technology and Arts, Business Administration and Industrial Engineering.ORCID iD: 0000-0003-3255-414X
2022 (English)In: Business Strategy and the Environment, ISSN 0964-4733, E-ISSN 1099-0836, Vol. 31, no 4, p. 1464-1487Article in journal (Refereed) Published
Abstract [en]

As the unfolding climate crisis escalates, incumbent manufacturing companies are increasingly sensing and seizing sustainability opportunities—ideas that help to generate value in a more sustainable way than existing alternatives. Prior literature has underscored the importance of opportunity recognition and has theorized various types of circular business models to address sustainability in practice. However, there is a knowledge gap regarding the step in between: undertaking an assessment that provides a foundation for subsequently pursuing a circular business model. Based on a multiple case study of four innovation projects pursuing sustainability, this article identifies capability assessment, ecosystem alignment, and value-capture viability as key dimensions in evaluating sustainability opportunities prior to circular business model design and development. These insights are aggregated into a framework that allows companies to conduct a systematic assessment of sustainability opportunities in practice. The framework provides new theoretical implications for the literature on circular economy and business model innovation, and it offers hands-on advice for management practice. 

Place, publisher, year, edition, pages
John Wiley & Sons, 2022. Vol. 31, no 4, p. 1464-1487
National Category
Business Administration
Research subject
Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-88649DOI: 10.1002/bse.2964ISI: 000736072900001Scopus ID: 2-s2.0-85122065094OAI: oai:DiVA.org:ltu-88649DiVA, id: diva2:1624222
Funder
Swedish Research Council FormasVinnova
Note

Validerad;2022;Nivå 2;2022-05-31 (johcin)

Available from: 2022-01-03 Created: 2022-01-03 Last updated: 2024-03-23Bibliographically approved

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Averina, ElizavetaFrishammar, JohanParida, Vinit

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