scholarly journals A Study on Assessing a Business Viability for Transition to a Circular Economy

2020 ◽  
Vol 4 (1) ◽  
pp. 78-94
Author(s):  
Sugam Upadhayay ◽  
Omaima Alqassimi
Keyword(s):  
Linear Model ◽  
Business Model ◽  
Value Chain ◽  
Circular Economy ◽  
Generic Model ◽  
Business Model Canvas ◽  
Circular Model ◽  
Business Entities ◽  
A Company ◽  
Generic Process

The shift from the existing linear model of the economy to a circular model is gaining traction across business entities, nationally and globally. Minimal studies have been done that would support the circular transition for a business from an existing linear model. There is a significant gap between the formulation and implementation of circular strategies in business. This literature review explores the preexisting concepts of the business model canvas (BMC) and Value Hill tool for the implementation of circular strategies in a business by determining a Good Point for Transition (GPT). The favorable condition, where a business can transition from a linear economy (LE) to a circular economy (CE) is defined as a GPT. This study suggests a three-step generic process that would provide a company with clarity on how to incorporate circular strategies into their structure. Firstly, this review paper defines and elaborates upon the business model canvas (BMC) based on the prior work of Osterwalder and Pigneur (2010) and Lewandowski (2016). Secondly, it analyzes the Value Hill diagram, a strategic tool for circular activities, that a business can use upon implementation of a circular model (Achterberg et al., 2016). Finally, this work will indicate how a circular strategy can be selected on the basis of assessment of the BMC and Value Hill diagram of a business. For a better understanding of the process, IKEA's initiatives for circular strategies are used in the study. The paper concludes with a three-step generic model for determining GPT and emphasizes that the adoption of circular strategies for companies depends upon the circular expertise and resources they and their value chain partners have across the Value Hill diagram. Keywords: circular economy, circular strategies, circular business model canvas, value hill diagram, circular transitions

An examination of a social tourism business in Granada, Nicaragua

2019 ◽  
Vol 74 (6) ◽  
pp. 1179-1190 ◽  
Author(s):  
Alexia Franzidis
Keyword(s):  
Business Model ◽  
Social Enterprise ◽  
Building Blocks ◽  
Content Type ◽  
Business Model Canvas ◽  
Tourism Product ◽  
The Many ◽  
A Company ◽  
Depth Interviews

Purpose The purpose of this paper is to examine the business model of a successful social tourism business in Granada, Nicaragua. The study assesses how the business provides an avenue to combat the challenges that restrict certain stakeholders from participating in tourism. The case identifies specific mechanisms, such as investing in the local community’s education and favoring local vendors and merchants, as ways in which social tourism businesses can disseminate value among all stakeholders and create a more equitable form of tourism. Design/methodology/approach The case study method was chosen for collecting and analyzing data. Data include in-depth interviews with business founders, managers and employees, field observation notes, photographic documentation and additional written documents. Data were analyzed using content analysis. Findings The study found that the business was able to produce a high-quality tourism product that disseminated value among all stakeholders. The study also proved the value of the additional building blocks within the Business Model Canvas for Social Enterprise, and the clear distinction between “co-creators” and “beneficiaries.” Originality/value This study uses the Business Model Canvas for Social Enterprise, a model unverified since inception, to analyze a successful social tourism business. It confirms the usefulness of the additional building blocks within the model, and the additional delineations between “co-creators” and “beneficiaries.” Furthermore, the paper recommends these distinctions are extended to all blocks in the canvas, to illustrate the many ways a company can distribute value based on its business model.

scholarly journals Building a Circular Economy Model for Managing Exploitation of Household Used Devices on the Example of Washing Machine Driven by DC Motor Along with Components

2021 ◽  
Vol 4 (1) ◽  
pp. 309-316
Author(s):  
Usman Saleem ◽  
Jan Kaźmierczak
Keyword(s):  
Business Model ◽  
Circular Economy ◽  
Dc Motor ◽  
Point Of View ◽  
Washing Machine ◽  
Maintenance And Repair ◽  
Circular Model ◽  
Formal Basis ◽  
Exploitation Model ◽  
Dc Electric Motor

Abstract In the article, the authors describe, using the example of a selected class of technical means, their concept of replacing the “classical” linear management (exploitation) model with a circular economy (CE) model. An example of an object for which the authors plan to test the feasibility of the concept presented above is a household washing machine driven by a DC motor. The description of this object included in the article considers its complexity and multiplicity of assemblies, sub-assemblies, and elements. The DC electric motor driving the washing machine was considered the most important from the point of view of the created model, especially in terms of the possibility of maintenance and repair. For such an engine, the article presents the maintenance and disposal model as elements of the concept of building a ‘circular’ business model. The authors assumed that the formal basis for such a model would be the so-called circular model. The methodology and plan of the research carried out at Super Asia washing machine company in Pakistan were introduced, and the research results were shown. With the use of these results, an attempt was made to assess the requirements that the application of the CE business model places on manufacturers of a selected class of devices, both in their manufacture, repair, sharing and dematerialization. The concept of further research is described at the end of the article.

scholarly journals IMPLEMENTATION OF BUSINESS MODEL CANVAS IN CHEMICAL MANUFACTURING COMPANY PT TIMURAYA TUNGGAL

2020 ◽  
Vol 1 (3) ◽  
pp. 421-430
Author(s):  
Agus Mangiring Siburian
Keyword(s):  
Business Model ◽  
Business Models ◽  
Economic Globalization ◽  
Manufacturing Companies ◽  
Business Model Canvas ◽  
Chemical Manufacturing ◽  
Corporate Goals ◽  
Main Activity ◽  
Key Resources ◽  
A Company

One of the industries that drives the economy is manufacturing. Companies to be able to continue to excel and compete need a business model that is in line with the strategy to achieve corporate goals, especially under the current conditions of economic globalization. Business Model Canvas (BMC) is one of the business models that describes how a company creates, delivers and records the value of the product or service it produces. The background of this research is to identify the business model used by chemical manufacturing companies in creating value for their customers. The aim of this study is to find out how the implementation of BMC in chemical manufacturing companies in creating value and provide advice and recommendations on the business models used. Key activities and key resources are important elements in a chemical company's business model, since the production process is the main activity in the manufacture of products, which are then sold and distributed to customers

scholarly journals Palimpsest and heterotopia, metaphors of the Circular Economy

2019 ◽  
Vol 107 (5) ◽  
pp. 505 ◽  
Author(s):  
Jean-Pierre Birat
Keyword(s):  
Linear Model ◽  
Second Life ◽  
Circular Economy ◽  
Raw Materials ◽  
Social Sciences And Humanities ◽  
Material Efficiency ◽  
Laser Scribing ◽  
Circular Model ◽  
Engineering Sciences ◽  
Societal Challenge

Words like palimpsest or heterotopia do not belong to the working vocabulary of materials or engineering sciences: they are used in Social Sciences and Humanities (SSH). A palimpsest is a manuscript written on an older document, the text of which has been erased. Heterotopia is a young word forged by Michel Foucault in 1967 to describe a closed space, the boundaries of which mark a discontinuity in terms of behavior: a jail or a monastery are thus a heterotopia. The Circular Economy (CE) is an essential concept in the framework of the ecological transition, pulled by a series of converging economic, ecological and political drivers. It is usually described as the adoption of a circular model of production to replace the “linear model”, but also as the new buzzword to describe material efficiency, the 3-R rule, the zero-waste ideal, the concepts of lean or frugal design or their reformulation by the Ellen Macarthur Foundation, as a societal challenge and an ethical necessity. Materials producers claim that they have been practicing the Circular Economy since long before the expression was ever invented, thus à la Monsieur Jourdain, etc. The point of this paper is to describe the Circular Economy as a palimpsest and as a heterotopia and to use the metaphors, if indeed they are only metaphors, to highlight some of the less obvious features of the CE. A palimpsest is a parchment or a papyrus, which is used several times to support a series of consecutive texts. Secondary raw materials are like a palimpsest, because there are retrieved from a previous life and used again in a second life: a new artefact made from that material is like a new text written on/with this material – a metaphor also used, mutatis mutandis, in expressions like 3-D printing or laser scribing. Some interesting features of the CE pointed out by the metaphor: a the palimpsest can be used several times, like a material can be recycled several times; the concept of the palimpsest posits that the parchment is somehow more important than the text that is written on it, therefore a material is more important than the goods that are made of it; the palimpsest was used before the invention of paper and, similarly, the Circular Economy was the standard model before mass production of cheap consumer goods imposed the so-called “linear model”; a palimpsest keeps a fragmented memory of the past, in the same way as recycled material maintains a link to its past lives, through its composition in tramp elements. Examples of heterotopia are a prison or a cemetery. The Circular Economy defines a space where a particular material/element exists in its various avatars, impersonations and reincarnations and this may tentatively be worked out as a heterotopia. This is a more complex endeavor than discussing the palimpsest metaphor, but a potentially more fruitful one. Foucault has provided criteria defining heterotopia which can help us explore the analogy: particularly the point that such a space is either a space of illusion or a space of perfection. This analysis is original because it hybridizes materials and SSH concepts and thus fits with the exploration of the frontier between materials and society that SAM conferences are concerned about.

scholarly journals The circular economy: a new paradigm for the textile and clothing industries

2020 ◽  
Vol 207 ◽  
pp. 03008
Author(s):  
Radostina A. Angelova
Keyword(s):  
Linear Model ◽  
Value Chain ◽  
Circular Economy ◽  
Paradigm Shift ◽  
Environmental Issues ◽  
Ecological Systems ◽  
New Paradigm ◽  
Production And Consumption ◽  
The Difference ◽  
Circular System

The Circular Economy (CE) is an approach that requires a paradigm shift from waste management and recycling to a completely new circular system in the textiles value chain. It is supposed to be linked with both the economic growth and harmonization with ecological systems. The paper investigates the limits of the existing linear model of textiles production and consumption. The supply chain in the CE model as an alternative to the linear model is presented. The formation of “loops” in the CE and their role for recovering the products’ value is analyzed. The environmental issues that arise with the new paradigm shift are also discussed. The difference between recycling and CE model is examined.

Valorization of Plastic Waste in Ghana

2021 ◽  
Vol 10 (2) ◽  
pp. 31-45
Author(s):  
Dolores Mensah Hervie ◽  
Ernest Christian Winful ◽  
Sebrina Kafui Tsagli
Keyword(s):  
Business Model ◽  
Research Methodology ◽  
Circular Economy ◽  
Plastic Waste ◽  
Waste Plastics ◽  
African Countries ◽  
Global Challenge ◽  
Business Model Canvas ◽  
Different Types ◽  
Exploratory Technique

Wastes from plastics are ubiquitous and have become a critical global challenge, especially in Africa. There is an urgent call to combat the menace because of its harmful impact on the ecosystem. The research methodology used is the exploratory technique. Circular economy (CE) is the answer to this global problem, especially in advanced countries. Even though some African countries have commenced recycling waste plastics, which is a contribution to circular economy, the idea is now gaining support in Ghana. The aim of this study is to propose a strategy and design a customized business model canvas for an establishment that transforms different types of waste plastics into pavement slabs and paving tiles in Ghana. The rationale is to accentuate the significance of introducing CE as a tool for effective and efficient plastic waste management in the country.

scholarly journals Economia Circular em Negócios de Segunda Mão ## Circular Economy in Second-Hand Business

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Samara Picco Pansera ◽  
Lidiane Cássia Comin ◽  
Dulcimar José Julkovski
Keyword(s):  
Business Model ◽  
Circular Economy ◽  
Raw Materials ◽  
Sustainable Consumption ◽  
Circular Model ◽  
Mao A ◽  
Consumption Practices ◽  
Excessive Consumption ◽  
The Impact ◽  
Wide Access

A Economia Circular promove práticas de consumo sustentável no setor de vestuário e produtos de segunda-mão, proporcionando reduzir os poluentes e garantir durabilidade dos componentes sem a necessidade de retirar matéria-prima da natureza. As plataformas online podem ser aliadas deste modelo de negócio, pois proporcionam acesso rápido e amplo a esses produtos. O objetivo deste estudo é analisar como os consumidores identificam e percebem as práticas de consumo de produtos de segunda mão, a partir da concepção do modelo de negócios circulares. Foi realizada uma pesquisa com aplicação de questionário eletrônico. Os resultados demonstram que existem práticas de consumo seguindo o modelo circular, mesmo que o conceito se encontre ainda implícito aos negócios de produtos de segunda mão. A preocupação dos indivíduos quanto ao impacto que o consumo exacerbado de produtos pode causar ao meio ambiente e a sustentabilidade do ecossistema é evidenciada, bem como a percepção da busca por meios de consumo que não agridam esse ecossistema. No entanto, essa percepção pelo propósito central do modelo de negócios circulares ainda não está presente de forma consciente quanto aos benefícios que a adoção do modelo de negócios circular pode ofertar, tanto para o meio ambiente, quanto para a sociedade como um todo. ABSTRACTThe Circular Economy promotes sustainable consumption practices in the clothing and second-hand products sector, provides a reduction of the pollutants and ensures component durability without the need to remove raw materials from nature. Online platforms can be associated with this type of business, as they provide quick and wide access to these products. The purpose of this study is to analyze how consumers identify and perceive practices of second-hand products consumption, based on the design of the circular business model. A survey was conducted using an electronic questionnaire. The results demonstrate the existence of consumption practices following the circular model, even though the concept is still implicit to the business of second-hand products. The concern of the individuals about the impact that the excessive consumption of products can cause to the environment and ecosystem sustainability is evidenced, as well as the perception of the pursuit for means of consumption that do not harm this ecosystem. However, this perception for the main purpose of the circular business model is, yet, not consciously present as to the benefits that the adoption of a circular business model can offer, both for the environment and for society as a whole.

scholarly journals Blockchain for LBG Maritime Energy Contracting and Value Chain Management: A Green Shipping Business Model for Seaports

2020 ◽  
Vol 24 (3) ◽  
pp. 329-349
Author(s):  
Robert Philipp
Keyword(s):  
Business Model ◽  
Value Chain ◽  
Alternative Fuels ◽  
Fossil Fuels ◽  
Transport Sector ◽  
Special Focus ◽  
Shipping Industry ◽  
Value Chain Management ◽  
Business Model Canvas ◽  
Sulphur Emission

AbstractTo reduce emissions in the maritime transport sector, the International Maritime Organisation (IMO) follows a global clean shipping strategy. Among the different directives of IMO, currently especially the sulphur emission regulations pose challenges for the shipping industry. Related to this are the established Sulphur Emission Control Areas (SECAs) and the introduced global sulphur cap. To comply with the sulphur restrictions, according to the present technological state of the art, ship-owners have three options for their existing fleet: the installation of emission abatement technologies, the switch to low sulphur fuels, or retrofitting for the usage of alternative fuels. Regardless which option is favoured, most often selected solutions still depend on fossil fuels. The reasons for this can be traced back to the fact that supply of biofuels is not ensured in ports and generally seen as no profitable solution. This paper develops and examines an innovative business model with a special focus on liquefied biogas (LBG). The study bases on collected qualitative and quantitative data, which was used by applying the Business Model Canvas. The results will highlight that the business model bears the potential to promote LBG supply. Next to this, the research will show that blockchain and smart contracts are able to foster the implementation of the business model and optimisation of value chain operations. Lastly, economic advantages were highlighted within a case study that refers to the seaport Karlskrona in Sweden and the RoPax ferries from Stena Line that travel back and forth to Gdynia seaport in Poland.

Perencanaan Strategi Sistem Informasi pada PT Indonesia Stanley Electric dengan Pendekatan Ward & Peppard

2021 ◽  
Vol 2 (1) ◽  
pp. 33-39
Author(s):  
Melysa Wahyuningsih ◽  
Bayu Waspodo
Keyword(s):  
Business Model ◽  
Value Chain ◽  
Success Factor ◽  
Critical Success Factor ◽  
Critical Success ◽  
Business Model Canvas ◽  
Business To Business

PT Indonesia Stanley Electric (PT ISE) merupakan perusahaan manufaktur yang melayani kebutuhan business to business (B2B) dengan memproduksi kebutuhan kebutuhan alat penerangan baik roda dua maupun roda empat. Tidak dapat dipungkiri bahwa saat ini daya saing PT ISE tak hanya datang dari perusahaan dalam negeri melainkan juga datang dari luar negeri. Masih kurangnya SDM yang memenuhi beberapa unit kerja menjadi permasalahan yang dihadapi oleh perusahaan untuk memaksimalkan aset yang dimilikinya. Untuk itu dilakukan sebuah penelitian berupa Perencanaan Strategi Sistem Informasi menggunakan pendekatan Ward dan Peppard. Perencanaan strategi sistem informasi ini dilakukan dengan menganalisis lingkungan bisnis internal dan lingkungan bisnis eksternal, dan analisis lingkungan SI/TI internal dan lingkungan SI/TI eksternal. Sedangkan tools ynag digunakan adalah analisis CSF (Critical Success Factor), SWOT, Value Chain, BMC (Business Model Canvas), PESTEL, Porter’s Five Forces, dan McFarlan’s Strategy Grid. Hasil dari penelitian ini berupa Strategi Bisnis Sistem Informasi, Strategi Teknologi Informasi, dan Strategi Manajemen SI/TI yang dapat menjadi acuan bagi perusahaan untuk mewujudkan visi, misi, dan tujuan serta meningkatkan daya saingnya.

Sign in / Sign up

Export Citation Format

Share Document