Designing a Framework for Evaluating Circular Business Models in the Steel Industry by Meta-Synthesis Method
Subject Areas : Industrial ManagementMahsa Varasteh 1 , Hasanali Aghajani 2 , Mohammad Valipourkhatir 3 , Majid Aghaei 4
1 - PhD Candidate of Industrial Management Department, Faculty of Economics and Administrative Sciences, University of Mazandaran, Babolsar , Iran
2 - Industrial management, Faculty of Economics and Administrative Sciences, university of mazandaran, Babolsar, Iran.
3 - Associate Professor. of Industrial Management, Faculty of Economics and Administrative Sciences, University of Mazandaran, Babolsar, Iran
4 - Associate Professor of Industrial Management, Faculty of Economics and Administrative Sciences, University of Mazandaran, Babolsar, Iran
Keywords: Sustainability, Meta-synthesis, Circular economy, circular business model,
Abstract :
Today, moving away from the linear economy towards a circular economy has been considered by many countries and advanced companies in the world. Circular business models are among the tools that are very effective in implementing the principles of circular economics. In this study, a framework for evaluating circular business models is provided and a model for the Iranian steel industry is presented. To this end, based on Systematic Literature Review and meta-synthesis method, which is a type of meta-study methods, 562 English articles were collected and reviewed using Critical Appraisal Skills Program, and finally 28 articles were selected. The research findings showed that the evaluation framework of circular business models in the steel industry is based on reduce, reuse, regenerate, recycling and maintenance strategies. Also, in line with the mentioned strategies, the circular economy actions were localized using the fuzzy Delphi method. At the end of the research, it is recommended that managers, officials and those involved in the steel industry need to pay more attention to these strategies and actions within a circular business model for more profitability and for adhering to the principles of sustainability.
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Ali, A. K., Wang, Y., & Alvarado, J. L. (2019). Facilitating industrial symbiosis to achieve circular economy using value-added by design: A case study in transforming the automobile industry sheet metal waste-flow into Voronoi facade systems. Journal of cleaner production, 234, 1033-1044.
Antikainen, M., Aminoff, A., Paloheimo, H., & Kettunen, O. (2017, March). Designing circular business model experimentation-Case study. In ISPIM Innovation Symposium (pp. 1-14). The International Society for Professional Innovation Management (ISPIM).
Fivel-Bedoire J. (2019). Achieving a decarbonised European steel industry in a circular economy..
Bocken, N. M., & Antikainen, M. (2018, June). Circular business model experimentation: concept and approaches. In International Conference on Sustainable Design and Manufacturing (pp. 239-250).
Bocken, N., & Ritala, P. (2021). Six ways to build circular business models. Journal of Business Strategy, 43(3), 184-192.
Bocken, N.M.P., Bakker, C.,& Pauw, I.D., (2016). Product design and business model strategies for a circular economy. Journal of Industrial and Production Engineering ,Volume 33, Issue 5.
Branca, T. A., Colla, V., Algermissen, D., Granbom, H., Martini, U., Morillon, A., & Rosendahl, S. (2020). Reuse and recycling of by-products in the steel sector: recent achievements paving the way to circular economy and industrial symbiosis in Europe. Metals, 10(3), 345.
Broadbent, C. (2018). How Steel is Helping to Achieve a Global Circular Economy. Asian Steel Watch, 5, 6-13.
Chen, C. W. (2020). Improving Circular Economy Business Models: Opportunities for Business and Innovation: A new framework for businesses to create a truly circular economy. Johnson Matthey Technology Review, 64(1), 48-58.
Ellen MacArthur Foundation. )2013(. Towards the Circular Economy, 1-112.
Ellen MacArthur Foundation. (2015). Towards a Circular Economy: Business Rationale for an Accelerated Transition. Greener Management International, 1-20.
Geissdoerfer, M., Savaget, P., Bocken, N.M.P., & Hultink, E.J. (2017). The Circular Economy e A new sustainability paradigm? . Journal of Cleaner Production, 143, 757-768.
Geissdoerfer, M., Pieroni, M. P., Pigosso, D. C., & Soufani, K. (2020). Circular business models: A review. Journal of Cleaner Production, 123741.
Geng, Y.,& Doberstein, B.( 2008)., Developing the circular economy in China: Challenges and opportunities for achieving “leapfrog development”. Int. J. Sustain. Dev. World, 15, 231–239.
Giurco, D., Littleboy, A., Boyle, T., Fyfe, J., & White, S. (2014). Circular economy: questions for responsible minerals, additive manufacturing and recycling of metals. Resources, 3(2), 432-453.
Hagelüken, C., Lee-Shin, J. U., Carpentier, A., & Heron, C. (2016). The EU circular economy and its relevance to metal recycling. Recycling, 1(2), 242-253.
Hansen, E. G., Lüdeke Freund, F., & Fichter, K. (2020). Circular Business Model Typology: Actor, Circular Strategy and Service Level (IQD Research, No. 2020-1). Institute for Integrated Quality.
Henry, M., Bauwens, T., Hekkert, M., & Kirchherr, J. (2020). A typology of circular start-ups: An Analysis of 128 circular business models. Journal of Cleaner Production, 245, 118528.
Jacobsen, N. (2006). Industrial Symbiosis in Kalundborg, Denmark: A Quantitative Assessment of Economic and Environmental Aspects. Journal of Industrial Ecology, 10(1-2), pp.239- 255.
Jackson, M., Lederwasch, A., & Giurco, D. (2014). Transitions in theory and practice: Managing metals in the circular economy. Resources, 3(3), 516-543.
Konietzko, J., Baldassarre, B., Brown, P., Bocken, N., & Hultink, E. J. (2020). Circular business model experimentation: Demystifying assumptions. Journal of cleaner production, 277.
Krese, G., Dodig, V., Lagler, B., Strmčnik, B., & Podbregar, G. (2018). Global trends in implementing the industrial symbiosis concept in the steel sector. Proceedings of the International Multidisciplinary Scientific Geoconfeence, Albena, Bolgaria, 11.
Li, X.; Deng, B.; &Ye, H.(2010)., The research based on the 3-R principle of agro-circular economy model-the Erhai lake basin as an example. Energy Procedia, 5, 1399–1404.
Lewandowski, M. (2016). Designing the business models for circular economy-Towards the conceptual framework. Sustainability,8(1),43.
Freund -Lüdeke, F., Gold, S., & Bocken, N. M. (2018). A review and typology of circular economy business model patterns. Journal of Industrial Ecology, 23(1), 36-61.
Osterwalder A, Pigneur Y.& Tucci C. L. (2005), Clarifying business models: Origins, present and future of the concept. Communications of the Association for Information Science (CAIS), 16: 1-25.
Osterwalder, A.,& Pigneur, Y., 2005. Clarifying business models: origins, Present, and future of the concept. Commun. 16(1), 1-28.
Pauliuk, S., Wang, T., & Müller, D. B. (2012). Moving toward the circular economy: The role of stocks in the Chinese steel cycle. Environmental science & technology, 46(1), 148-154.
Preston, F.( 2012) , A Global Redesign? Shaping the Circular Economy. Briefing Paper EERG BP2012/02; Energy, Environment and Resource Governance, Chatham House: London, UK.
Ma, S. H., Wen, Z. G., Chen, J. N., & Wen, Z. C. (2014). Mode of circular economy in China's iron and steel industry: a case study in Wu'an city. Journal of Cleaner Production, 64, 505-512
McDonough, W., & Braungart, M., (2002). Cradle to Cradle: Remaking the Way We Make Things. New York: North Point Press, 1-193.
Moreau, V., Sahakian, M., Griethuysen, P., & Vuille, F. (2017). Coming full circle: Why social and institutional dimensions matter for the circular economy, J. Indust. Ecology 21(3):497–506..
Murray, A., Skene, K.,& Haynes, K. (2017). The Circular Economy: An Interdisciplinary Exploration of the concept and Application in a Global Context. Journal of Business Ethics, 140(3), 369-380.
Nasir ,M., Genovese, A., Acquaye, A., Koh, S.,& Yamoah,F. (2016). Comparing linear and circular supply chains:A case study from the construction industry, Intern. Journal of Production Economics, 183, 443-457.
Nechifor, V., Calzadilla, A., Bleischwitz, R., Winning, M., Tian, X., & Usubiaga, A. (2020). Steel in a circular economy: Global implications of a green shift in China. World Development, 127, 104-775.
Nußholz, J. L. (2018). A circular business model mapping tool for creating value from prolonged product lifetime and closed material loops. Journal of Cleaner Production, 197, 185-194.
Oghazi, P., & Mostaghel, R. (2018). Circular business model challenges and lessons learned-An industrial perspective. Sustainability, 10(3), 1-19.
Pieroni, M. P., McAloone, T. C., & Pigosso, D. C. (2021). Circular economy business model innovation: Sectorial patterns within manufacturing companies. Journal of Cleaner Production, 286.
Ranta, V., Aarikka-Stenroos, L., & Mäkinen, S. J. (2018). Creating value in the circular economy: A structured multiple-case analysis of business models. Journal of cleaner production, 201, 988-1000.
Salvador, R., Barros, M. V., da Luz, L. M., Piekarski, C. M., & de Francisco, A. C.(2020). Circular business models:Current aspects that influence implementation and unaddressed subjects. Journal of Cleaner Production, 250.
Sandelowski, M. & J. Barroso (2006). Handbook for synthesizing qualitative research, Springer Publishing Company, 1-311.
Schulze, G. (2016). Growth Within: A Circular Economy Vision for a Competitive Europe. Ellen MacArthur Foundation and the McKinsey Center for Business and Environment, 1-22.
Su B, Heshmati A, Geng Y,& Yu X (2013) A review of the circular economy in China: moving from rhetoric to implementation. J Clean Prod 42:215–227.
Vermeulen, W.J. (2015). Self‐Governance for Sustainable Global Supply Chains: Can it deliver the Impacts Needed? Business Strategy and the Environment, 24(2), 73-85.
_||_Azar, A., & Faraji ,H.,(2010), Fuzzy management science, Institute kind Publish (in Persian).
Ali, A. K., Wang, Y., & Alvarado, J. L. (2019). Facilitating industrial symbiosis to achieve circular economy using value-added by design: A case study in transforming the automobile industry sheet metal waste-flow into Voronoi facade systems. Journal of cleaner production, 234, 1033-1044.
Antikainen, M., Aminoff, A., Paloheimo, H., & Kettunen, O. (2017, March). Designing circular business model experimentation-Case study. In ISPIM Innovation Symposium (pp. 1-14). The International Society for Professional Innovation Management (ISPIM).
Fivel-Bedoire J. (2019). Achieving a decarbonised European steel industry in a circular economy..
Bocken, N. M., & Antikainen, M. (2018, June). Circular business model experimentation: concept and approaches. In International Conference on Sustainable Design and Manufacturing (pp. 239-250).
Bocken, N., & Ritala, P. (2021). Six ways to build circular business models. Journal of Business Strategy, 43(3), 184-192.
Bocken, N.M.P., Bakker, C.,& Pauw, I.D., (2016). Product design and business model strategies for a circular economy. Journal of Industrial and Production Engineering ,Volume 33, Issue 5.
Branca, T. A., Colla, V., Algermissen, D., Granbom, H., Martini, U., Morillon, A., & Rosendahl, S. (2020). Reuse and recycling of by-products in the steel sector: recent achievements paving the way to circular economy and industrial symbiosis in Europe. Metals, 10(3), 345.
Broadbent, C. (2018). How Steel is Helping to Achieve a Global Circular Economy. Asian Steel Watch, 5, 6-13.
Chen, C. W. (2020). Improving Circular Economy Business Models: Opportunities for Business and Innovation: A new framework for businesses to create a truly circular economy. Johnson Matthey Technology Review, 64(1), 48-58.
Ellen MacArthur Foundation. )2013(. Towards the Circular Economy, 1-112.
Ellen MacArthur Foundation. (2015). Towards a Circular Economy: Business Rationale for an Accelerated Transition. Greener Management International, 1-20.
Geissdoerfer, M., Savaget, P., Bocken, N.M.P., & Hultink, E.J. (2017). The Circular Economy e A new sustainability paradigm? . Journal of Cleaner Production, 143, 757-768.
Geissdoerfer, M., Pieroni, M. P., Pigosso, D. C., & Soufani, K. (2020). Circular business models: A review. Journal of Cleaner Production, 123741.
Geng, Y.,& Doberstein, B.( 2008)., Developing the circular economy in China: Challenges and opportunities for achieving “leapfrog development”. Int. J. Sustain. Dev. World, 15, 231–239.
Giurco, D., Littleboy, A., Boyle, T., Fyfe, J., & White, S. (2014). Circular economy: questions for responsible minerals, additive manufacturing and recycling of metals. Resources, 3(2), 432-453.
Hagelüken, C., Lee-Shin, J. U., Carpentier, A., & Heron, C. (2016). The EU circular economy and its relevance to metal recycling. Recycling, 1(2), 242-253.
Hansen, E. G., Lüdeke Freund, F., & Fichter, K. (2020). Circular Business Model Typology: Actor, Circular Strategy and Service Level (IQD Research, No. 2020-1). Institute for Integrated Quality.
Henry, M., Bauwens, T., Hekkert, M., & Kirchherr, J. (2020). A typology of circular start-ups: An Analysis of 128 circular business models. Journal of Cleaner Production, 245, 118528.
Jacobsen, N. (2006). Industrial Symbiosis in Kalundborg, Denmark: A Quantitative Assessment of Economic and Environmental Aspects. Journal of Industrial Ecology, 10(1-2), pp.239- 255.
Jackson, M., Lederwasch, A., & Giurco, D. (2014). Transitions in theory and practice: Managing metals in the circular economy. Resources, 3(3), 516-543.
Konietzko, J., Baldassarre, B., Brown, P., Bocken, N., & Hultink, E. J. (2020). Circular business model experimentation: Demystifying assumptions. Journal of cleaner production, 277.
Krese, G., Dodig, V., Lagler, B., Strmčnik, B., & Podbregar, G. (2018). Global trends in implementing the industrial symbiosis concept in the steel sector. Proceedings of the International Multidisciplinary Scientific Geoconfeence, Albena, Bolgaria, 11.
Li, X.; Deng, B.; &Ye, H.(2010)., The research based on the 3-R principle of agro-circular economy model-the Erhai lake basin as an example. Energy Procedia, 5, 1399–1404.
Lewandowski, M. (2016). Designing the business models for circular economy-Towards the conceptual framework. Sustainability,8(1),43.
Freund -Lüdeke, F., Gold, S., & Bocken, N. M. (2018). A review and typology of circular economy business model patterns. Journal of Industrial Ecology, 23(1), 36-61.
Osterwalder A, Pigneur Y.& Tucci C. L. (2005), Clarifying business models: Origins, present and future of the concept. Communications of the Association for Information Science (CAIS), 16: 1-25.
Osterwalder, A.,& Pigneur, Y., 2005. Clarifying business models: origins, Present, and future of the concept. Commun. 16(1), 1-28.
Pauliuk, S., Wang, T., & Müller, D. B. (2012). Moving toward the circular economy: The role of stocks in the Chinese steel cycle. Environmental science & technology, 46(1), 148-154.
Preston, F.( 2012) , A Global Redesign? Shaping the Circular Economy. Briefing Paper EERG BP2012/02; Energy, Environment and Resource Governance, Chatham House: London, UK.
Ma, S. H., Wen, Z. G., Chen, J. N., & Wen, Z. C. (2014). Mode of circular economy in China's iron and steel industry: a case study in Wu'an city. Journal of Cleaner Production, 64, 505-512
McDonough, W., & Braungart, M., (2002). Cradle to Cradle: Remaking the Way We Make Things. New York: North Point Press, 1-193.
Moreau, V., Sahakian, M., Griethuysen, P., & Vuille, F. (2017). Coming full circle: Why social and institutional dimensions matter for the circular economy, J. Indust. Ecology 21(3):497–506..
Murray, A., Skene, K.,& Haynes, K. (2017). The Circular Economy: An Interdisciplinary Exploration of the concept and Application in a Global Context. Journal of Business Ethics, 140(3), 369-380.
Nasir ,M., Genovese, A., Acquaye, A., Koh, S.,& Yamoah,F. (2016). Comparing linear and circular supply chains:A case study from the construction industry, Intern. Journal of Production Economics, 183, 443-457.
Nechifor, V., Calzadilla, A., Bleischwitz, R., Winning, M., Tian, X., & Usubiaga, A. (2020). Steel in a circular economy: Global implications of a green shift in China. World Development, 127, 104-775.
Nußholz, J. L. (2018). A circular business model mapping tool for creating value from prolonged product lifetime and closed material loops. Journal of Cleaner Production, 197, 185-194.
Oghazi, P., & Mostaghel, R. (2018). Circular business model challenges and lessons learned-An industrial perspective. Sustainability, 10(3), 1-19.
Pieroni, M. P., McAloone, T. C., & Pigosso, D. C. (2021). Circular economy business model innovation: Sectorial patterns within manufacturing companies. Journal of Cleaner Production, 286.
Ranta, V., Aarikka-Stenroos, L., & Mäkinen, S. J. (2018). Creating value in the circular economy: A structured multiple-case analysis of business models. Journal of cleaner production, 201, 988-1000.
Salvador, R., Barros, M. V., da Luz, L. M., Piekarski, C. M., & de Francisco, A. C.(2020). Circular business models:Current aspects that influence implementation and unaddressed subjects. Journal of Cleaner Production, 250.
Sandelowski, M. & J. Barroso (2006). Handbook for synthesizing qualitative research, Springer Publishing Company, 1-311.
Schulze, G. (2016). Growth Within: A Circular Economy Vision for a Competitive Europe. Ellen MacArthur Foundation and the McKinsey Center for Business and Environment, 1-22.
Su B, Heshmati A, Geng Y,& Yu X (2013) A review of the circular economy in China: moving from rhetoric to implementation. J Clean Prod 42:215–227.
Vermeulen, W.J. (2015). Self‐Governance for Sustainable Global Supply Chains: Can it deliver the Impacts Needed? Business Strategy and the Environment, 24(2), 73-85.