☆ 4.6 Review

Business Model Innovation toward Sustainability and Circularity-A Systematic Review of Innovation Types

SUSTAINABILITY (2023)

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Review Business

Sustainable business models and innovation strategies to realize them: A review of 87 empirical cases

Ingrid Mignon et al.

Summary: The importance of developing sustainable business models has attracted increased interest recently, but there is no one-size-fits-all model. Many firms struggle to identify, develop, and implement sustainable business models that suit them. This paper reviews empirical studies and 87 cases of business model innovation to achieve sustainable business models, identifying four main models achieved through different strategies. The review offers strategies for managers and contributes to clarifying the relation between business model innovation and sustainable business models.

BUSINESS STRATEGY AND THE ENVIRONMENT (2023)

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Article Business

Mapping the diffusion of circular economy good practices: Success factors and sustainable challenges

Laura Rocca et al.

Summary: The shift from a linear to a circular economy has been promoted by various organizations for many years, but how businesses implement circularity empirically is still an area of research gap. This paper aims to investigate the spread of the circular economy at the empirical level, analyzing the Italian scenario and examining 62 good practices of the circular economy. The results provide insights into the attributes of the circular economy, policy implications, and future research directions.

BUSINESS STRATEGY AND THE ENVIRONMENT (2023)

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Article Green & Sustainable Science & Technology

Pharmaceutical Companies in the Light of the Idea of Sustainable Development-An Analysis of Selected Aspects of Sustainable Management

Ewa Chomac-Pierzecka

Summary: The strategy of creating value and increasing competitiveness in the context of sustainable development involves the provision of up-to-date knowledge to strengthen decision-making and enhance economic decisions. This is particularly relevant in the pharmaceutical industry, where sustainability, especially in terms of environmental aspects, is important. The main aim of this study is to assess the improvement directions of business models in Polish pharmaceutical enterprises, taking into account the determinants of sustainable development.

SUSTAINABILITY (2023)

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Article Business

Circular business model: Breaking down barriers towards sustainable development

Graziela Darla Araujo Galvao et al.

Summary: Barriers to circular economy implementation are difficulties that organizations struggle to overcome, but for organizations with internal capabilities, these barriers can become competitive advantages. Research suggests that absolute barriers are rare, while obstacles are common events that can be transformed into competitive advantages through appropriate operational strategies.

BUSINESS STRATEGY AND THE ENVIRONMENT (2022)

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Article Business

Value creation in circular economy business for sustainability: A stakeholder relationship perspective

Riikka Tapaninaho et al.

Summary: A circular economy requires companies to rethink value creation and stakeholder relationships. This article offers insights from a case study on the development of a Finnish energy company's circular economy business, identifying five joint value creation activities and defining the concept of multidimensional value. The stakeholder relationship perspective allows for synergy in advancing circular economy business and sustainability.

BUSINESS STRATEGY AND THE ENVIRONMENT (2022)

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Article Business

Circular economy and innovation: A look from the perspective of organizational capabilities

Simone Sehnem et al.

Summary: Studies on circular economy and innovation have been gaining increasing attention in academic literature, focusing on creating business models based on circularity premises through practices, tools, and mechanisms. These studies highlight eco-innovation and business model innovation, emphasizing the importance of activating dynamic, relational, and absorptive capabilities to achieve a transition to a circular economy.

BUSINESS STRATEGY AND THE ENVIRONMENT (2022)

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Article Business

How do incumbent firms innovate their business models for the circular economy? Identifying micro-foundations of dynamic capabilities

Tomas Santa-Maria et al.

Summary: This study explores how incumbent firms can innovate in rapidly changing environments through dynamic capabilities, focusing on circular business model innovation. By investigating 10 companies implementing circular business model innovation, the study identifies 33 practices for successful innovation, including adopting a lifecycle perspective and sustainability-oriented tools. Recommendations are provided for long-term business model transformations, short and medium loops of the circular economy, and coordination in the business ecosystem.

BUSINESS STRATEGY AND THE ENVIRONMENT (2022)

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Article Business

Assessing sustainability opportunities for circular business models

Elizaveta Averina et al.

Summary: This article identifies capability assessment, ecosystem alignment, and value-capture viability as key dimensions in evaluating sustainability opportunities, providing a framework for companies to systematically assess sustainability opportunities in practice.

BUSINESS STRATEGY AND THE ENVIRONMENT (2022)

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Review Business

Linking circular economy and digitalisation technologies: A systematic literature review of past achievements and future promises

Chetna Chauhan et al.

Summary: In recent years, there has been a significant increase in academic research in the fields of circular economy and digital technologies, with digital technologies such as IoT and AI playing crucial roles in implementing circular economy. Studies have shown that the digitalization-driven transition towards circular economy faces various barriers, including policy-related issues, lack of predictability, psychological issues, and information vulnerability.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2022)

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Review Green & Sustainable Science & Technology

Investigating the challenges of applying the principles of the circular economy in the fashion industry: A systematic review

Aya Abdelmeguid et al.

Summary: This systematic literature review paper aims to report on the challenges of implementing circular economy (CE) in the fashion industry. The paper categorizes the aspects related to the circular economy and provides a conceptual framework as a guideline for management. The main implication of the paper is that management should focus on overcoming the challenges of soft aspects first to achieve better outcomes in managing the challenges of hard aspects.

SUSTAINABLE PRODUCTION AND CONSUMPTION (2022)

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Review Management

Prevailing theoretical approaches predicting sustainable business models: a systematic review

Joao J. Ferreira et al.

Summary: This study aims to map scientific publications, intellectual structure and research trends in the sustainable business model field, identifying the main theoretical foci and encouraging future research of an internationally excellent standard.

INTERNATIONAL JOURNAL OF PRODUCTIVITY AND PERFORMANCE MANAGEMENT (2022)

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Review Green & Sustainable Science & Technology

Sustainable business model: A review and framework development

Feybi Ariani Goni et al.

Summary: Integrating sustainability into business functions poses a challenge for practitioners, who need to consider aspects such as sustainability, information technology, circular economy, and stakeholder engagement. This study synthesizes current sustainable business models and identifies nine main aspects to assist practitioners in effectively embedding sustainability into organisations.

CLEAN TECHNOLOGIES AND ENVIRONMENTAL POLICY (2021)

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Review Green & Sustainable Science & Technology

The role of product design in circular business models: An analysis of challenges and opportunities for electric vehicles and white goods

Colin de Kwant et al.

Summary: This work focuses on the challenges for manufacturers to adopt and operationalize circular economy for their business, highlighting innovation and designing of business models and products as key levers for transitioning from linear to sustainable CE. The understanding of the role of product design in developing circular business models has received little attention in research.

SUSTAINABLE PRODUCTION AND CONSUMPTION (2021)

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Article Business

How sustainable-orientated service innovation strategies are contributing to the sustainable development goals

Armando Calabrese et al.

Summary: The private sector's role in the success of SDGs is crucial, but evaluating firms' contributions to these goals remains underexplored and complex. The study proposes an analytical approach to assess the impact of sustainability and service innovation strategies on SDGs, finding that different combinations of strategies lead to varying levels of contribution to the goals.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2021)

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Review Green & Sustainable Science & Technology

Key aspects for designing business models for a circular bioeconomy

Rodrigo Salvador et al.

Summary: The circular bioeconomy presents a nearly $8 trillion opportunity until 2030, but innovative business models are crucial for its success. This study highlights key aspects for designing, implementing, and managing business models in the circular bioeconomy, shedding light on key points for implementation and management of business models.

JOURNAL OF CLEANER PRODUCTION (2021)

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Review Biodiversity Conservation

2030 Agenda and sustainable business models in tourism: A bibliometric analysis

Pier Felice Rosato et al.

Summary: This paper analyzes the scientific debate surrounding the adoption of sustainable business models by tourism enterprises in the first 5 years after the introduction of the 2030 Agenda. The research reveals three clusters of focus: impacts on society, business models, and policy implications. An interpretative framework is developed to evaluate the strategies used by tourism enterprises to contribute to the Sustainable Development Goals (SDGs).

ECOLOGICAL INDICATORS (2021)

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Review Green & Sustainable Science & Technology

A review of the circularity gap in the construction industry through scientometric analysis

Prince Antwi-Afari et al.

Summary: Circular economy (CE) concept is gaining popularity in the construction industry, but faces challenges in practical implementation. Current research mainly focuses on areas like circular product design and end-of-life consideration, with a lack of practical CE approach. Content analysis and SWOT analysis provide guidance and framework for future research and practical adoption in the construction industry.

JOURNAL OF CLEANER PRODUCTION (2021)

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Review Green & Sustainable Science & Technology

Investigating Circular Business Model Innovation through Keywords Analysis

Barbara Bigliardi et al.

Summary: The ongoing economic, social, and environmental developments have pushed the production system to shift from linear to circular model, posing significant challenges for companies to modify their business models. Interest in business model innovation towards a circular system has increased, but few literature reviews include the innovation dimension.

SUSTAINABILITY (2021)

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Review Green & Sustainable Science & Technology

Framing and assessing the emergent field of business model innovation for the circular economy: A combined literature review and multiple case study approach

Tomas Santa-Maria et al.

Summary: This research aims to map and frame the field of Circular Business Model Innovation (CBMI), assess the current state of research, propose a future research agenda, and explore relevant elements of CBMI process in practice through a literature and multiple case study approach. It integrates Sustainable BMI literature, identifies under-researched topics and offers valuable empirical insights to further integrate CBMI with the conventional BMI field.

SUSTAINABLE PRODUCTION AND CONSUMPTION (2021)

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Article Medicine, General & Internal

The PRISMA 2020 statement: an updated guideline for reporting systematic reviews

Matthew J. Page et al.

SYSTEMATIC REVIEWS (2021)

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Article Green & Sustainable Science & Technology

The perceived relationship between digitalization and ecological, economic, and social sustainability

Barbara Brenner et al.

Summary: Sustainability, digitalization, and societal challenges are interrelated, affecting the perceptions and actions of different actors. Views on ecological and economic sustainability are influenced by the extent of digitalization, highlighting the importance of a nuanced understanding of the social dimension's relationship with digitalization.

JOURNAL OF CLEANER PRODUCTION (2021)

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Review Green & Sustainable Science & Technology

Sustainable Business Model Innovation: An Umbrella Review

Noemi Sinkovics et al.

Summary: The paper conducts an umbrella review of systematic literature reviews of sustainable business model innovation, selecting 57 review articles for analysis and using NVivo software for data analysis.

SUSTAINABILITY (2021)

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Review Green & Sustainable Science & Technology

Towards a Conceptual Development of Industry 4.0, Servitisation, and Circular Economy: A Systematic Literature Review

Sehrish Atif et al.

Summary: This study examines the relationship between Industry 4.0, circular economy, and servitisation, and identifies their impact on a firm's operational and financial performance. The findings suggest that adopting Industry 4.0 technologies can enhance sustainability, energy efficiency, and innovation, supporting a circular economy model that creates value through servitisation.

SUSTAINABILITY (2021)

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Article Social Issues

Frugal innovation and sustainable business models

Mokter Hossain

Summary: This study investigates how frugal innovations emerge at the grassroots level in developing countries and utilize novel business models to foster sustainable development. It highlights the transformation of underserved customers into new consumer groups through innovative business model elements. Through case studies, it demonstrates how individuals with limited education, funds, and resources can bring affordable products to market by thinking outside the box to meet the needs of underserved customers in developing countries.

TECHNOLOGY IN SOCIETY (2021)

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Article Business

Exploring business models for sustainability: A bibliographic investigation of the literature and future research directions

Nadia Preghenella et al.

Summary: This study reviews the current state of business models for sustainability by analyzing 1744 peer-reviewed papers and identifying six main research streams. It produces a theoretical framework for understanding the themes explored in the literature and offers opportunities and research directions for future studies. The study's originality lies in providing the first co-citation analysis of business models for sustainability and identifying main research trends and gaps in the literature.

BUSINESS STRATEGY AND THE ENVIRONMENT (2021)

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Article Business

How to innovate business models for a circular bio-economy?

Mechthild Donner et al.

Summary: The transition to a circular bio-economy requires new business models that are heavily influenced by macro-environmental conditions, internal objectives, collaboration with other sectors, and a combination of organizational and technological innovations.

BUSINESS STRATEGY AND THE ENVIRONMENT (2021)

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Article Business

Circular economy: laying the foundations for conceptual and theoretical development in management studies

Roberta De Angelis

Summary: This article provides conceptual and paradigmatic clarity in the circular economy literature from a management studies perspective, highlighting the need for further research to enhance competitiveness and profitability. Multiple definitions of the circular economy exist, but they often overlook aspects of competitiveness and profitability, pointing to opportunities for more comprehensive conceptualization.

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Article Green & Sustainable Science & Technology

Business model innovation and the global ecosystem for sustainable development

Heather Louise Madsen

JOURNAL OF CLEANER PRODUCTION (2020)

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Circular business models: Current aspects that influence implementation and unaddressed subjects

Rodrigo Salvador et al.

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Archetypical CBMs in Construction and a Translation to Industrialized Manufacture

Charlotte Heesbeen et al.

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Morteza Ghobakhloo

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Anatomy of sustainable business model innovation

Jawaria Shakeel et al.

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Towards product-service system oriented to circular economy: A systematic review of value proposition design approaches

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Till Blueher et al.

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Martin Geissdoerfer et al.

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Roberto Biloslavo et al.

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Piera Centobelli et al.

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A Stakeholder Theory Perspective on Business Models: Value Creation for Sustainability

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Kellen Lazaretti et al.

BENCHMARKING-AN INTERNATIONAL JOURNAL (2020)

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Florian Hofmann et al.

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JOURNAL OF INDUSTRIAL ECOLOGY (2019)

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A Review and Evaluation of Circular Business Model Innovation Tools

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Bridging sustainable business model innovation and user-driven innovation: A process for sustainable value proposition design

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