Exploring a circular business model: Insights from the institutional theory perspective and the business model lens

Circular entrepreneurship is becoming a new, promising reality, in the manner of needed radical paradigmatic change in the era of Anthropocene. Circular entrepreneurs intend to create social and environmental value while they build financially viable businesses. They are embedded in multiple institutionalised value systems that they are expected to adhere to. Those institutionalised systems provide circular entrepreneurs with different, in many cases, contradictory norms, values and guiding principles. Substantial amount of research has been done to date to examine the impact of institutions on entrepreneurial endeavours. And yet, research lacks sufficient insights into how circular entrepreneurs engage with the institutional structures in designing business models on a financially feasible ground while creating social and environmental value. To address this, this paper investigates how circular entrepreneurs respond to the value systems of surrounding institutions in business modelling and how two fundamental aspects of embeddedness, namely resource integration and value cocreation, are achieved within a circular business model that is coherent in itself and with the entrepreneur's ambitions. Both the institutional context and the institutional logics surrounding entrepreneurs are examined to comprehend the surrounding institutional systems more in-depth and extensively. By analysing a longitudinal in-depth case study, this article aims to develop better insights into circular business modelling and underlying mechanisms of embeddedness. The case is a born-circular small cidermaker in Cornwall (UK), namely Wasted Apple. The findings show that the circular entrepreneur is surrounded by dominant normative institutions forming the principles of business model design. circular entrepreneurs mark fidelity to the institutional norms to obtain a range of microcompetencies and to manage integrated hybrid tensions within the value creation system. And therefore, a circular business model is a more holistic and inclusive structure as compared to a typical conventional linear business model. And yet, paradoxically embeddedness facilitates business survival but hinders strategic business planning as well as business profitability and growth.

Imagining futures: Theorising the practical knowledge of future-making

The study of future-making – how practitioners make and enact imagined futures – has become a cornerstone for understanding the temporal dynamics of organisation, strategy and entrepreneurship. This article investigates the texture of practical knowledge that enables entrepreneuring practitioners to jointly address the challenges inherent to future-making. We conduct a video ethnography of a business modelling programme producing 79 hours of audio-visual recordings. Using multimodal conversation analysis, we unpack different forms of practical knowledge that simultaneously binds practitioners in a web of mutual expectations and establishes modes of thinking and acting for the creation of imagined futures. This contributes to existing studies by demonstrating that the discursive, embodied and material dimensions of future-making are fundamentally entangled within textures of practical knowledge. Consequently, we shift the mode of theorizing towards non-representationalism, which opens up new frontiers for future research to observe, participate and reflect with practitioners on the textures of practical knowledge constitutive of future-making in different circumstances and contexts.

Identifying Disease Comorbidity Patterns Using Centrality Measures in Computing

Social network analysis has been increasingly employed to study patterns in diverse areas of disciplines such as crowd management, air passenger and freight transportation, business modelling and analysis, online social movements and bioinformatics. Over the years, human disease networks have been studied to analyze Human Disease, Genotype, and Phenotype networks. This study explores human Disease Network based on their symptoms by employing different social network analysis such as centrality measures of network, community detection, overlapping communities. We studied relationships of symptoms with diseases on meso-level in order to detect comorbidity pattern of communities in disease network. This help us to understand the underlying patterns of diseases based on symptoms and find out that how different disease communities are correlated by detecting overlapping communities.

Designing a stakeholder-inclusive service model for an eHealth service to support older adults in an active and social life

Background Service model design is slowly being recognized among eHealth developers as a valuable method for creating durable implementation strategies. Nonetheless, practical guidelines and case-studies that inform the community on how to design a service model for an eHealth innovation are lacking. This study describes the development of a service model for an eHealth service, titled ‘SALSA’, which intends to support older adults with a physically active and socially inclusive lifestyle. Methods The service model for the SALSA service was developed in eight consecutive rounds, using a mixed-methods approach. First, a stakeholder salience analysis was conducted to identify the most relevant stakeholders. In rounds 2–4, in-depth insights about implementation barriers, facilitators and workflow processes of these stakeholders were gathered. Rounds 5 and 6 were set up to optimize the service model and receive feedback from stakeholders. In rounds 7 and 8, we focused on future implementation and integrating the service model with the technical components of the eHealth service. Results While the initial goal was to create one digital platform for the eHealth service, the results of the service modelling showed how the needs of two important stakeholders, physiotherapists and sports trainers, were too different for integrating them in one platform. Therefore, the decision was made to create two platforms, one for preventive (senior sports activities) and one for curative (physical rehabilitation) purposes. Conclusions A service model shows the interplay between service model design, technical development and business modelling. The process of service modelling helps to align the interests of the different stakeholders to create support for future implementation of an eHealth service. This study provides clear documentation on how to conduct service model design processes which can enable future learning and kickstart new research. Our results show the potential that service model design has for service development and innovation in health care.

Penetration of farm mechanization services through FPOs: rural dynamics-based business modelling

Farm mechanisation although one among the essential input to raise the agriculture productivity, but individual owning of agricultural machinery by resource constrained small and marginal farmers who constitute around 85% of operated land holdings in India is uneconomical. Hence, innovative arrangements such as custom hiring centres’ (CHCs) are being encouraged through farm aggregation models like cooperative farming, Joint Liability Groups (JLG), Farmer Producer Organizations (FPOs) to get access to farm machinery services at affordable prices and promote mechanization of operations on small farms. With this background, the present study is taken upto assess the feasibility for the establishment of FPO owned and operated model custom hiring centre (CHC) in Nimmanapalle mandal of chittoor district of Andhra Pradesh state and formulate suitable business strategies for ensuring viability of the unit. The sample size of the study was 120 farmers. The major crops grown in the study area are tomato, paddy and groundnut and the market potential for farm machinery is estimated at Rs. 269.73 lakhs. The SWOT analysis conducted indicated the opportunity for establishment of CHC due to inadequate farm machinery services, labour shortages and farmers habituated to hiring services. The financial assessment for the proposed unit over a five year period showed that the unit is worth investing as reflected by positive NPV of 6.56 lakhs at 12% discount rate, BCR of 1.05 and IRR of 17.27%. The debt service coverage ratios of greater than two from second year onwards and annual increase of positive cash accruals signifies the unit strength in meeting the debt obligations. The unit if established shall have long term social benefits that includes increase in input use efficiency of farm resources due to timeliness of operations, productivity, yields, income levels in addition to creation of employment in non-farm sector.

Modelling of Cross-Organisational Cooperation for Social Entrepreneurship

Objectives: The objective of the study is to advance the conceptualisation of social entrepreneurship and report the results of empirical research related to the identification of the architecture of the model of interorganisational collaboration for the growth of social entrepreneurship potential at the local level. Research Design and Methods: The research presented in the article is based on a case study performed on an example of the Polish institutional landscape. Multidimensional empirical research methodology was applied in the form of participant observation, analysis of focus group results and business modelling techniques. The literature review contains an analysis of reports from the area of social economy and related fields. Findings: The result of the conducted research is the discovery of primary dimensions of effective interorganisational cooperation in the form of an analogue-representational model. Implication/Recommendations: In the process of strengthening the potential of social entrepreneurship, the cooperation of actors from different organisational fields is a key factor. An appropriate level of social capital is an essential requirement for effective cooperation. Contribution/Value Added: The developed model of cooperation for social entrepreneurship is based on an initiative that is unique and innovative on a national scale and is the result of empirical research. It also seems that the approach presented may be universal and could be extrapolated to other regions and cultural contexts. Article Classification: Research article.