Exploring Disruptive Business Model Innovation for the Circular Economy

Anna Aminoff*, Katri Valkokari, Maria Antikainen, Outi Kettunen

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

10 Citations (Scopus)

Abstract

Recently the concept of the Circular Economy (CE) has attracted growing interest as a novel economic model aiming to foster sustainable economic growth, boost global competitiveness, and generate new jobs. A system-wide disruptive innovation shaping new ecosystems and changing the whole process of value creation is needed to tackle the current challenges and transformation to the CE. This paper asks how disruptive business model innovations work as a change mechanism for the CE. The paper develops a conceptual framework for shaping the industrial systems towards CE ecosystems and proposes how value circles and co-creation of value with a variety of partners are crucial aspects in enabling CE. The paper highlights that the concept of value circles would be beneficial in clarifying the difference to linear value chain models and the co-existence of several overlapping value circles.

Original languageEnglish
Title of host publicationSustainable Design and Manufacturing 2017 : Selected papers on Sustainable Design and Manufacturing
EditorsGiampaolo Campana, Robert J. Howlett, Rossi Setchi, Barbara Cimatti
Number of pages12
PublisherSpringer Science and Business Media Deutschland GmbH
Publication date26.04.2017
Pages525-536
ISBN (Print)978-3-319-57077-8
ISBN (Electronic)978-3-319-57078-5
DOIs
Publication statusPublished - 26.04.2017
MoE publication typeA4 Article in conference proceedings
Event4th International Conference on Sustainable Design and Manufacturing, SDM 2017 - Bologna, Italy
Duration: 26.04.201728.04.2017

Publication series

NameSmart Innovation, Systems and Technologies
PublisherSpringer
Volume68
ISSN (Print)2190-3018
ISSN (Electronic)2190-3026

Keywords

  • 512 Business and Management
  • Circular economy
  • Business model innovation
  • Value circles
  • Business ecosystems

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  • Cite this

    Aminoff, A., Valkokari, K., Antikainen, M., & Kettunen, O. (2017). Exploring Disruptive Business Model Innovation for the Circular Economy. In G. Campana, R. J. Howlett, R. Setchi, & B. Cimatti (Eds.), Sustainable Design and Manufacturing 2017: Selected papers on Sustainable Design and Manufacturing (pp. 525-536). (Smart Innovation, Systems and Technologies; Vol. 68). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-319-57078-5_50