Stepping Towards the Circular Economy: Business Model Innovation

Business model innovation is the essential first step in going circular as a corporate entity. A business must review the core purpose of their operations, which includes redefining value and the way they create it. However, multiple barriers stand in the way of creating such a viable circular business case, such as that there is a lack of knowledge on what options are available to be realized. Hence, this article outlines the various circular alternates to existing business models that companies may innovate, as well as how the change towards these business models may be initiated.

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Barriers to the Circular Economy: The Pains of Changing Operations

It’s quite easy for those fighting towards a circular economy to paint an overly-optimistic picture of how easy it is to transition and how well it would run. Among discussion of how disrupting the value chain and closing material loops can bring unique benefits to businesses and consumers alike, it is important to address the side of circular economies that isn’t green and sunny, aka the many barriers that stand in the way of a fully functioning circular economy. Continue reading “Barriers to the Circular Economy: The Pains of Changing Operations”