Journal of Industrial and Production Engineering· 2016Q1
Product design and business model strategies for a circular economy
- 3,715citations
- Q1SCImago
- 2016year
Short summary
This paper introduces a framework of product design and business model strategies to guide companies transitioning to a circular economy, building on the concepts of slowing, closing, and narrowing resource loops.
AI-generated from the title and abstract; the full text is not read.
Key points
- A framework is presented to guide companies in adopting circular economy models.
- Key concepts include slowing, closing, and narrowing resource loops.
- Lists of product design and business model strategies are provided.
- Examples are included to aid business decision-makers.
AI-generated from the title and abstract; the full text is not read.
Abstract
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.
The authors' abstract, as published at the source. Journal of Industrial and Production Engineering, 2016 · DOI ↗
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Field: Strategy and Management
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