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Evaluating existing circular business models : a systematic literature review
Maier, Bogdan (2025) Evaluating existing circular business models : a systematic literature review.
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| Abstract: | Purpose – Governments and society demand from businesses higher and higher sustainability efforts, but linear business models struggle to keep up. Because of this circular business models are becoming more popular. However the goals and methods of these circular business models are significantly different from linear business models, which makes the evaluation of circular business models difficult. So, this research paper analyzes the aims and methods of circular business models and draws a conclusion on how they should be evaluated based on them. Design/methodology/approach – A systematic literature review was conducted with a final dataset of 29 documents that underwent a full-text review. A literature table was maintained to extract valuable information for the synthesis and a survey was created for validation purposes. Findings – This research paper shows the importance for CBMs to create not only economic but also environmental value, which in the end leads to the conclusion that not only the value capture capabilities but also the value propositions and value creation & delivery methods of circular business models need to be inspected when evaluating circular business models. Furthermore, lifecycle profit, circularity metrics and life cycle assessment are showcased as appropriate valuation methods for circular business models. Theoretical and practical implications – This research paper contributes to the theory by bringing together knowledge about circular business models and concluding on an appropriate valuation approach. The practical implications of this are that owners, managers and investors of circular business models will receive information that is adjusted to the goals and methods of circular business models. Research limitations/implications – The major limitation of this systematic literature review is that due to time constraints strict inclusion & exclusion criteria had to be applied and more articles could not have been reviewed. |
| Item Type: | Essay (Bachelor) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | International Business Administration BSc (50952) |
| Link to this item: | https://purl.utwente.nl/essays/106798 |
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