 A systemic logic for circular business modelsJulia A. Fehrer and Heiko Wieland Journal of Business Research, 2021, vol. 125, issue C, 609-620 Abstract: While social and circular business models (CBMs) are viewed as important devices to improve humanity’s wellbeing, their adoption rates have been somewhat disappointing. The CBM literature often contributes these low adoption rates to innovation failures of firms and redirects social and circular business models toward a stronger profit-orientation. Much of this work is grounded in a Porterian value chain logic that, arguably, overemphasizes economic goals at the expense of social and sustainability goals. In contrast, this study promotes an institutional perspective that shows that all business practices are part of larger societal and ecological systems, so that a real transition toward sustainability demands joint institutional alignment processes which balance the adaptive tensions between social mission, environmental stewardship and economic growth. We systematically develop five fundamental propositions for a new, institutional CBM framework and, based on these fundamental propositions, discuss an agenda for future research. Keywords: Circular economy; Sustainable business models; Social businesses (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:125:y:2021:i:c:p:609-620 DOI: 10.1016/j.jbusres.2020.02.010 Access Statistics for this article Journal of Business Research is currently edited by A. G. Woodside More articles in Journal of Business Research from Elsevier |
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