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Value Creation in Circular Business Models: The case of a US small medium enterprise in the building sector
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).
2019 (English)In: Resources, Conservation and Recycling, ISSN 0921-3449, E-ISSN 1879-0658, Vol. 146, p. 291-307Article in journal (Refereed) Published
Abstract [en]

A circular business model represents a holistic system of co-evolving managerial practices for collective value creation, delivery and capture, which provide solutions for sustainable development. Previous research on circular business models aimed to understand value creation mostly in terms of a single managerial practice or in a relatively isolated manner. In particular, little is known regarding the system of managerial practices that creates value. Accordingly, this study proposes a theoretical framework characterized by a set of managerial practices in connection with relevant internal and external contextual factors for creating value within a circular business model. The framework was used in a specific case of a small medium-sized enterprise (SME) operating in building sector, which can be considered a great example of circular economy put into practice. Therefore, the explorative nature of the case allows for deep probing that helps consolidating the framework. Among the main results, essential outcomes included configuring and adapting the company's business model to particular internal and external contextual factors; valorization of local waste by harmonizing managerial practices, and socio-cultural and socio-economic settings, as well as sustainable behaviours among the actors of supply chain. This study contributes to the field of circular business models research by adopting a broader, interdisciplinary approach toward the concept of value creation. Further, it provides managers with a roadmap for creating value by enhancing the degree of circularity within a given context. © 2019 Elsevier B.V.

Place, publisher, year, edition, pages
Elsevier B.V. , 2019. Vol. 146, p. 291-307
Keywords [en]
Building sector, Circular business model, Circular economy, Contextual factors, Sustainability, Value creation, Industrial management, Supply chains, Sustainable development, Building sectors, Business modeling, Managers, building, business, modeling, small and medium-sized enterprise, article, conceptual framework, economic aspect, human, manager, United States
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Business Administration
Identifiers
URN: urn:nbn:se:kth:diva-252510DOI: 10.1016/j.resconrec.2018.12.034ISI: 000468712900028Scopus ID: 2-s2.0-85063761364OAI: oai:DiVA.org:kth-252510DiVA, id: diva2:1336853
Note

QC 20190710

Available from: 2019-07-10 Created: 2019-07-10 Last updated: 2019-07-10Bibliographically approved

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