Nancy Bocken - How to Implement Circular Business Models

What are the building blocks of circular business models? How can we design innovation processes based on circularity? What practical steps can companies take to implement circular business models? Nancy Bocken is Professor in Sustainable Business at Maastricht University and Fellow at the Cambridge Institute for Sustainability Leadership. For her, Circular Economy brings together the business case and the environmental case.  Nancy leads the European Research Council funded project Circular X, a 5-year research project focused on experimentation with circular service business models “To shift towards sustainability, we need to move away from the dominant 'Take, Make, Dispose' paradigm.”  01:07 Circular X 02:29 Sectorial and regional focus 03:14 Business model experiments 03:48 Organizational changes for companies 05:14 The Transition of systems 06:17 New Implications of circular economy 07:25 Resource-light business models 09:02 The use of resource-light devices 09:36 The main challenges of circular economy 10:39 The business case of circular economy 11:40 A Circular innovation process 13:21 How to foster circular economy Find out more at: https://www.living-innovation.net/news/article?id=190&title=how-to-implement-circular-business-models ******************* About LIVING INNOVATION LIVING INNOVATION brings together industry representatives, research organizations and lead users to develop responsible approaches to innovation in the ICT and healthcare sectors. We provide a central knowledge hub and unique meeting point for experts and practitioners in digitization and responsibility. Let's create our common future together! Join the discussion: https://www.living-innovation.net Connect with LIVING INNOVATION on LinkedIn: https://www.linkedin.com/company/livi... Follow LIVING INNOVATION on Twitter: https://twitter.com/LivingInnovati1