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A circular economy business model innovation process for the electrical and electronic equipment sector

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journal contribution
posted on 06.05.2021, 12:39 authored by Jennifer Pollard, Mohamed OsmaniMohamed Osmani, Christine Cole, Suzana GrubnicSuzana Grubnic, James ColwillJames Colwill
Faced with a scarcity of materials, increasing quantities of waste, and low rate of recovery, the electrical and electronic equipment sector has become a key focus in the drive for a transition to the circular economy. An increasing body of work has addressed the integration of the circular economy at a business model level but there is a limited understanding of a sector-wide approach to circular economy business model innovation. Additionally, no studies have been identified that endeavoured to develop a circular economy business model innovation process for electrical and electronic manufacturers. To address this gap, this research adopted a qualitative approach via seven iterative workshops with key stakeholders in the electrical and electronic equipment sector to inform the development and refinement of a Circular Economy Business Model Innovation Process Framework. The resulting Framework, which has five-fold interconnected layers, provides electrical and electronic equipment manufacturers with a comprehensive layered process for developing and implementing a circular economy business model tailored to their business offerings. Using the manufacturer's business strategy as a starting point, the developed Framework prompts the integration of the circular economy into business practices. Influencing factors affecting the circular economy business model innovation process are addressed by identifying the associated challenges and opportunities and related policy. Finally, the Framework proposes circularity indicators relevant to electrical and electronic equipment, helping to ensure that the proposed circular economy actions are measurable and informed.

Funding

European Commission [Grant Agreement Number: 776714]

History

School

  • Architecture, Building and Civil Engineering
  • Business and Economics
  • Mechanical, Electrical and Manufacturing Engineering

Department

  • Business

Published in

Journal of Cleaner Production

Volume

305

Publisher

Elsevier BV

Version

AM (Accepted Manuscript)

Rights holder

© Elsevier

Publisher statement

This paper was accepted for publication in the journal Journal of Cleaner Production and the definitive published version is available at https://doi.org/10.1016/j.jclepro.2021.127211

Acceptance date

19/04/2021

Publication date

2021-04-22

Copyright date

2021

ISSN

0959-6526

Language

en

Depositor

Prof Mohamed Osmani. Deposit date: 1 May 2021

Article number

127211