From the course: Circular Economy Business Strategies
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Circular business models
From the course: Circular Economy Business Strategies
Circular business models
- Business models, they're pretty important. Not only do they form the way internal activities occur within a company, but they also create a link between supply chain members and other stakeholders. They set the roadmap for the company and basically dictate success or not. "A circular business model articulates the logic of how an organization creates, offers, and delivers value to the broader range of stakeholders whilst minimizing ecological and social costs." Circular business models don't operate in isolation. Because we live in a deeply interconnected economy, no single business is itself circular. It's through its interactions with the supply chain relationships with customers and with the context in which it operates that will determine how circular it is. In saying this, each part of the economy needs to figure out how to become more circular. And thankfully, that's already happening with many governments…
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