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Sustainable Business Models pp 181–209Cite as

Palgrave Macmillan

Managing Innovation for Circular Industrial Systems

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Abstract

Circular economy is a concept prescribing a sustainable resource utilization through new ways of delivering value to users. Reducing, reusing, and recycling of resources must be related to specifically the value proposition and the revenue model in the business of an industrial organization. This chapter outlines the core parameters of the circular economy and gives empirical illustrations of two companies that have made different endeavors of relevance for a transition to the circular economy. Based on this, implications for organizing and managing innovation in large mature companies are presented with a suggestion of critical steps to make in order to manage sustainability issues on the strategic business level where they must be managed to have necessary impact.

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Authors and Affiliations

  1. Integrated Product Development, Department of Machine Design, KTH Royal Institute of Technology, Stockholm, Sweden

    Sofia Ritzén

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  1. Sofia Ritzén
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Correspondence to Sofia Ritzén .

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Editors and Affiliations

  1. Aarhus University, Herning, Denmark

    Annabeth Aagaard

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Ritzén, S. (2019). Managing Innovation for Circular Industrial Systems. In: Aagaard, A. (eds) Sustainable Business Models. Palgrave Studies in Sustainable Business In Association with Future Earth. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-93275-0_7

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