Circular Business Models for the Bio-Economy : A Review and New Directions for Future Research
Reim, Wiebke; Parida, Vinit; Sjödin, David R (2019-05-03)
Reim, Wiebke
Parida, Vinit
Sjödin, David R
MDPI
03.05.2019
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe2019103035886
https://urn.fi/URN:NBN:fi-fe2019103035886
Kuvaus
vertaisarvioitu
Tiivistelmä
Circular and bio-economy represents a political and industrial initiative to ensure that our society can rely on renewable biological sources while achieving economic growth. However, there is a need to critical review how realistic and feasible such initiatives are towards fulfilling the promised benefits of this economy. The literature on bio-economy often discusses the importance of innovative business models and their role in a successful shift to a bio-economy. Still, much of the discussion that is related to circular business models is fragmented and immature. Therefore, the purpose of this study is to conduct a systematic literature review of circular business model activities and the barriers to a bio-economy. Further, this review provides future research directions for a shift to a bio-economy. This study is based on a systematic review of 42 scientific journal articles and book chapters on a forest-based bio-economy. The business model canvas is used to provide a structured aggregation of the existing circular business models activities being used by the forestry sector. In addition, we develop a framework that describes the barriers to bio-economy-based circular business models and suggest new directions for future research. The study highlights the need for alignment among the elements of a business model as a key condition for its successful implementation in a bio-economy.
Kokoelmat
- Artikkelit [3030]