Circular Business Models
The Circular Economy is a complete rethink on our whole economic system and interaction with consumption and thus, for the most part, businesses will play the biggest role. In essence it becomes “a new vision of the treatment of resources, energy, value creation and entrepreneurship¹.
Circular Business Workshop
The aim is for all businesses to transition towards the circular economy, however all businesses ask “What’s in it for my business?” In this workshop we highlight the benefits of the Sharing Economy, channel partners, the repair industry (or rather the value of the 9R’s industry) Visit the Circular Business Workshop page to find out what is covered in this class.
We have a selection of workshops to choose from, starting with our ½ day mini series for busy people or the deep-dive 1 or 2 day workshops. Visit The Nine Steps Towards a Circular Business® to review the current selection of workshops on offer.
The Business Model Canvas
The Business Model Canvas has been a very popular tool for thousands of businesses and entrepreneurs. Here is an adaptation specifically for the Circular Economy. Also refer to the 9R’s page for additional information.
The ReSOLVE Framework
Originally developed by McKinsey, the framework takes the core principles of the Circular Economy and applies them to six actions: Regenerate, Share, Optimise, Loop, Virtualise, and Exchange. McKinsey states “Each action represents a major circular business opportunity. In different ways, these actions all increase the utilisation of physical assets, prolong their life, and shift resource use from finite to renewable sources. Each action reinforces and accelerates the performance of the other actions, creating a strong compounding effect.”
1.”Designing the Business Models for a Circular Economy – Towards the Conceptual Framework” by Mateusz Lewandowski, published 18 January 2016.
2. The Six Steps Towards a Circular Business has been adapted from “Guided Choices: Towards a Circular Business Model” by Douwe Jan Joustra, Egbert de Jong, Frits Engelaer, 2013.