 Business model innovation through the design of circular product‐service system value propositions: A method proposalSânia da Costa Fernandes and Henrique Rozenfeld Business Strategy and the Environment, 2024, vol. 33, issue 6, 5325-5345 Abstract: Circular economy requires rethinking the foundations of business strategy and innovating the business model to incorporate sustainability‐driven capabilities. Value propositions rooted in product‐service system (PSS) holds promise for leading manufacturing companies to circularity. However, an integrated and practical approach crafting circular and service‐based value propositions (herein called as circular PSS) is currently lacking. This study presents a novel method that integrates the domains of circular economy and PSS to enhance the effectiveness of designing circular PSS value propositions in a BMI context. The research methodology is based on three main phases unfolded in empirical research studies, systematic analysis of process models, and expert evaluations. This study consolidates the guiding principles and requirements for effective design of circular PSS value propositions. The pivotal result is a method providing a common and integrated approach to guide how to design value propositions that simultaneously integrate circular strategies and PSS features. Date: 2024 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:bstrat:v:33:y:2024:i:6:p:5325-5345 Ordering information: This journal article can be ordered from Access Statistics for this article Business Strategy and the Environment is currently edited by Richard Welford More articles in Business Strategy and the Environment from Wiley Blackwell |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.