Circular business models in high value manufacturing: Five industry cases to bridge theory and practice

Simple item page
dc.contributor.authorOkorie, Okechukwuen
dc.contributor.authorCharnley, Fionaen
dc.contributor.authorRussell, Jennifer D.en
dc.contributor.authorTiwari, Ashutoshen
dc.contributor.authorMoreno, Marialeen
dc.contributor.departmentSustainable Biomaterialsen
dc.date.accessioned2021-02-10T13:16:05Zen
dc.date.available2021-02-10T13:16:05Zen
dc.date.issued2021-01-12en
dc.description.abstractThe transition to a circular economy (CE) requires companies to evaluate their resource flows, supply chains, and business models and to question the ways in which value is created. In the high value manufacturing (HVM) sector, this evaluation is critical, as HVM enables value in nonconventional forms, beyond profit, including unique production processes, brand recognition, rapid delivery times, and highly customized services. We investigate the role of value, cost, and other factors of influence in the selection of a circular business model (CBM) for HVM. Explored through five case studies using a qualitative evaluation of circularity, we then contribute to the emerging field of CBMs by modifying the CBM canvas that can capture the nontraditional value, traditional value, cost, and other influencing factors enabled via CBM adoption in HVM. Finally, the important role of digital technologies for incentivizing and enabling CBM adoption, is clarified.en
dc.description.notesEngineering and Physical Sciences Research Council, Grant/Award Number: EP/R032041/1; Circular4.0: Data Driven Intelligence for a Circular Economyen
dc.description.sponsorshipEngineering and Physical Sciences Research CouncilEngineering & Physical Sciences Research Council (EPSRC) [EP/R032041/1]; Circular4.0: Data Driven Intelligence for a Circular Economyen
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.1002/bse.2715en
dc.identifier.eissn1099-0836en
dc.identifier.issn0964-4733en
dc.identifier.urihttp://hdl.handle.net/10919/102322en
dc.language.isoenen
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectcircular business modelsen
dc.subjectcircular economyen
dc.subjectdigital technologyen
dc.subjectfactors of influenceen
dc.subjecthigh value manufacturingen
dc.subjectvalue creationen
dc.titleCircular business models in high value manufacturing: Five industry cases to bridge theory and practiceen
dc.title.serialBusiness Strategy and the Environmenten
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.dcmitypeStillImageen

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
bse.2715.pdf
Size:
2.7 MB
Format:
Adobe Portable Document Format
Description:
Download

Collections

Scholarly Works, Sustainable Biomaterials