Product design and business model strategies for a circular economy
Citations
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3,658 citations
3,508 citations
Cites background from "Product design and business model s..."
...Our research shows that most authors (e.g. Bakker et al., 2014; Bocken et al., 2016; EMF, 2013b; Rashid et al., 2014) focus on the environmental performance improvements of the Circular Economy rather than taking a holistic view on all three dimensions of sustainability, although this is also true…...
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...…the actual impacts of Circular Economy initiatives need to be analysed – how do these perform against the triple bottom line (Elkington, 1997) and contribute to ‘strong sustainability’ and slower forms of consumption, i.e., closing as well as slowing resource loops (Bocken et al., 2016)?...
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...Specific areas of attention are closed loop value and supply chains (Guide and Van Wassenhove, 2009; Wells and Seitz, 2005; Govindan et al., 2015; Stindt and Sahamie, 2014), circular business models (Bocken et al., 2016) and circular product design (Bakker et al., 2014)....
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References
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"Product design and business model s..." refers background in this paper
...Business model choices define the architecture of the business and expansion paths, but once established, companies often encounter great difficulty in changing business models [52]....
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...Hence, according to Teece [52] every new product development effort should be coupled with the development of the business model, which defines its “go to market” and “capturing value” strategies, because technology or products by themselves do not guarantee business success....
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3,658 citations
3,315 citations
"Product design and business model s..." refers background or methods or result in this paper
...The taxonomy of slowing, closing, and narrowing resource loops was introduced building on Stahel [49,50] and McDonough and Braungart [38] and Braungart et al....
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...Similar to the work of Ayres [2], McDonough and Braungart [38] developed two distinct strategies for product design: dissipative losses are to be made compatible with biological systems, fit for the “biological cycle”; whereas other materials are to be completely recycled, fitting a “technological cycle....
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...Later work by McDonough and Braungart [38] recognized the importance of closing “technical” and “biological” loops in a “cradle-to-cradle” or circular (rather than cradle-to-grave or linear) economy....
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...Also, McDonough and Braungart stress that material quality is to be maintained, and distinguish between “upcycling” and “downcycling” to demonstrate that downcycling does not enable a cyclical flow of resources, but only delays the linear flow of resources from production to waste [38]....
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...The Cradle to Cradle design philosophy, propagated by McDonough and Braungart [38] has inspired many companies and designers to apply an ambitious circular approach to product design [5,19]....
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3,147 citations
"Product design and business model s..." refers background in this paper
...The same technology or product innovation pursued through different business models will yield different economic outcomes [15]....
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...As Chesbrough [15] observes: companies commercialize product and technology innovations through their business models and while they may allocate extensive investments to this, they often have limited capability to innovate the business models through which these innovations will pass....
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...Following “dominant business model logic” can lead firms to miss valuable uses of an innovation [15,44]....
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