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.
Making the Transition to Becoming a Circular Business
The Nine Steps Towards a Circular Business² is a book providing comprehensive information on transitioning a company to the circular economy. Each chapter is also a workshop that guides participants to creating a circular Action Plan to implement in their company. For more information on The Nine Steps workshops, visit The Nine Steps Towards a Circular Business page or Contact Us.
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.