Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd
Upload
65 views2 pages

Types of Circular Business Models

The document outlines five circular business models: Circular Supply Models focus on using renewable and recyclable materials; Resource Recovery Models emphasize recycling waste to reclaim materials; Product Life Extension Models aim to extend product life through repair and remanufacturing; Sharing Models promote joint use of products to reduce consumption; and Product Service System Models involve companies maintaining ownership of products to control their lifecycle.

Uploaded by

karadshehbasem8
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
65 views2 pages

Types of Circular Business Models

The document outlines five circular business models: Circular Supply Models focus on using renewable and recyclable materials; Resource Recovery Models emphasize recycling waste to reclaim materials; Product Life Extension Models aim to extend product life through repair and remanufacturing; Sharing Models promote joint use of products to reduce consumption; and Product Service System Models involve companies maintaining ownership of products to control their lifecycle.

Uploaded by

karadshehbasem8
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Circular Business Models

1. Circular Supply Models: This model entails ensuring that the products
used are sourced from renewable resources, biodegradable or fully
recyclable. Features: C-Type emphasizes the usage of sustainable
material in the production of furniture. Minimizes the economic
dependence on scarce natural resources. Example: A firm that
employs plant raw materials to manufacture packaging.
2. Resource Recovery Models Definition: This model concerns the
recycling of waste products in a way that the materials in them are
returned to production lines. Features: Contains recyclable and
reusable work as well as proper working processes. Its goal is the
implementation of a Circular Economy concept for materials.
Example: An enterprise that gathers electronic waste in order to
reclaim metal and parts for future use.
3. Product Life Extension Models Definition: This model is intended to
increase the product life cycle by means of repair, renovation or
remanufacturing. Features: It also promotes and facilitates
maintenance as well as repair services. Requires product redesigning
to facilitate easier of upgrades. Example: An instance is, a
manufacturer dedicating a section of his line of products to selling
repair services on their home appliances.
4. Sharing Models Definition: This model encourages joint use of
commodities and services with ultimate objective to minimize their
consumption rates. Features: MORE INTEREST supports sharing
platforms within the community. Reduction of individual ownership of
products that are substitutes to other products. Example: Self-serve
car-sharing services or shared tool libraries to which many users have
borrowing rights to specific items.
5. Product Service System Models Definition: This model revolve around
the notion of positioning where by an organization is seeking to sell a
proposition or functionality of the product. It keeps the companies
owning and operating the product, which helps in controlling its life
cycle.

You might also like