By design, waste and other negative environmental impacts have become an integral part of our industrialised consumer society. The circular economy (CE) is a way to move away from the linearity of our current industrial and economic systems. The aim of a CE is to keep products, components and materials at their maximum utility and value at all times. The present article provides an actionable path for companies to design, validate, and implement a circular ecosystem with suitable business models that enable sustainable solutions that are beyond the reach of single companies. Our easy-to-navigate framework consists of seven steps.
Language
English
Keywords
Circular Economy
Business Models
Ecosystems
Sustainability
Transformation
HSG Classification
contribution to scientific community
HSG Profile Area
None
Publisher place
Institute of Management & Strategy, University of St. Gallen
