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Business model innovation for the circular economy: market, multi-stakeholder or circular vertical integration?

Wells, Peter ORCID: https://orcid.org/0000-0002-4376-7178 2023. Business model innovation for the circular economy: market, multi-stakeholder or circular vertical integration? Zhang, Michael W., ed. Strategic Management and Sustainability Transitions, New York: Taylor and Francis, pp. 35-54.

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Abstract

This chapter develops the concept of circular vertical integration to raise concerns over contemporary business model innovation for the emergent circular economy. Using examples from the automotive industry, the chapter suggests that business may be seeking to enhance corporate power over products, materials, and consumers while innovating for the circular economy rather than seeking engagement with multiple stakeholders or acquiring goods and services via the market. The chapter concludes that a more critical perspective on business models for sustainability is needed to understand the long-term implications of a circular economy framework for incumbent large multinational product and service companies.

Item Type: Book Section
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Publisher: Taylor and Francis
ISBN: 9781032360218
Date of First Compliant Deposit: 20 March 2024
Date of Acceptance: 32767
Last Modified: 22 May 2024 09:31
URI: https://orca.cardiff.ac.uk/id/eprint/167395

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