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Open AccessArticle

Configuring New Business Models for Circular Economy through Product–Service Systems

Technical University of Denmark (DTU), Department of Mechanical Engineering, Nils Koppels Allé 404, DK-2800 Kgs. Lyngby, Denmark
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Sustainability 2019, 11(13), 3727; https://doi.org/10.3390/su11133727
Received: 6 June 2019 / Revised: 4 July 2019 / Accepted: 5 July 2019 / Published: 8 July 2019
Product—service systems (PSSs) are often outlined as potential enablers of new business models for circular economy. However, not all business models based on product-service systems have superior circularity potential. This research demonstrates how the application of a previously developed business model configurator for circular economy can support the design and assessment of customer value, economic and resource decoupling potential for product-service system business models in practice. By applying action research in two Nordic manufacturing companies from the furniture sector, different business model concepts based on product-service systems were proposed and assessed. Results indicate positive uptake by companies regarding the usefulness of the obtained outcomes. This research identified two key findings about ‘product-service system business models for circular economy’: (i) their configuration should fulfil certain simultaneous conditions—i.e. superior customer value, economic growth, and resource decoupling potentialto contribute to circular economy; and (ii) they are often ‘niche solutions’, fulfilling specific needs and customer segments, and more likely to flourish with certain types/characteristic of products, segments or geographical locations. Lastly, a framework outlining the conditions and trade-offs for assessing the circularity potential of business models based on product-service systems is introduced as one of the key contributions. View Full-Text
Keywords: business model innovation; circular economy; product-service system (PSS); configuration; action research business model innovation; circular economy; product-service system (PSS); configuration; action research
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MDPI and ACS Style

P. P. Pieroni, M.; C. McAloone, T.; C. A. Pigosso, D. Configuring New Business Models for Circular Economy through Product–Service Systems. Sustainability 2019, 11, 3727. https://doi.org/10.3390/su11133727

AMA Style

P. P. Pieroni M, C. McAloone T, C. A. Pigosso D. Configuring New Business Models for Circular Economy through Product–Service Systems. Sustainability. 2019; 11(13):3727. https://doi.org/10.3390/su11133727

Chicago/Turabian Style

P. P. Pieroni, Marina; C. McAloone, Tim; C. A. Pigosso, Daniela. 2019. "Configuring New Business Models for Circular Economy through Product–Service Systems" Sustainability 11, no. 13: 3727. https://doi.org/10.3390/su11133727

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