Circular Business Model Planning Tool


Overview

Circular Business Model Planning Tool is designed to guide companies in integrating circular economy principles into their business models throughout the product life cycle. It emphasizes the importance of maintaining the value embedded in products for as long as possible by focusing on strategies such as design for longevity, repair, refurbishment, remanufacturing, and material recovery. The tool aims to help businesses plan and analyze their business model elements at various life cycle stages, recognize interdependencies, and identify opportunities to capture residual value and increase resource efficiency. It is particularly useful for companies looking to implement circular strategies.


Dimensions

Resource type: Circular Business Model Planning Tool and the associate guide serve to integrates business model planning with circular economy principles.

  • Tags: tool, framework, guide , canvas

Objective: The primary goal of this resource is to map out and align business strategies with circular economy concepts, ensuring long-term value creation and resource efficiency.

  • Tags: map, align, assess

Target audience: This resource is tailored to entrepreneurs and students but also directly relevant for practitioners and larger corporations too.

  • Tags: entrepreneurs, SMEs, corporations, practitioners, students

Sustainability focus: The resource is centered on environmental sustainability, specifically on maintaining a closed-loop system for products and materials to minimize waste.

  • Tags: environmental-sustainability, circular-economy

Innovation type: It supports business model innovation by encouraging companies to rethink and redesign their approach to product life cycles and value creation.

  • Tags: business-model-innovation

Entrepreneurship stage: The resource is relevant across various stages of entrepreneurship, from the initial design phase to the maturity and scaling of operations.

  • Tags: design, development, implementation, growth, scale-up

Scope of relevance: While the principles can be applied globally, the resource is particularly relevant for businesses operating in regions with strong circular economy policies and frameworks.

  • Tags: global, regional

Methodological approach: The resource is based on a strategic and analytical approach that draws on principles of circular economy and business model innovation.

  • Tags: theoretical-frameworks, strategic-planning

Skill development: It aims to enhance skills in systems thinking, innovation, and environmental awareness, which are crucial for implementing sustainable business models.

  • Tags: systems-thinking, innovative-thinking, environmental-awareness, holistic-thinking

Source and credibility: The resource is developed with a strong foundation in sustainable entrepreneurship research by researchers at Lund University in Sweden.

  • Tags: academic-institutions, recognized-experts

Prerequisites and requirements: While no specific prerequisites are envisioned, users should have a basic understanding of business models and sustainability concepts to effectively utilize this resource.

  • Tags: beginner-level, specific-educational-background

Collaboration level: While using the tool can be done individually and in teams, collaborating across teams in the organization as well as beyond its boundaries can improve the relevance of the outcomes.

  • Tags: team, individual cross-sector-partnerships, cross-team-collaboration

More information can be found at Lund University repository.


Resources

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Before using this tool, you should know...2 prerequisites • beginner level
Skill Level Required:beginner

Business Models

Basic understanding of business model concepts

beginner
View related tool: Circular Business Model Planning Tool

Circular Economy

Knowledge of circular economy principles and concepts

beginner
View related tool: Circular Business Model Planning Tool

Note: Basic business and sustainability knowledge recommended.

Tool Compatibility

See which tools work well with Circular Business Model Planning Tool, which overlap, and which might conflict

⚠️ Warning: 2 tool(s) may conflict with your selection

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Compatibility: 78%
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toolframeworkcanvas
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toolframeworkalign
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toolframeworkmap

Conflicting Tools (2)

⚠️ Warning: These tools may conflict with Circular Business Model Planning Tool or overlap too much

Conflict score: 0%
  • ⚠️Tools have complementary objectives
  • ⚠️Tools work well in sequence
Conflicting tags: theoretical-frameworks
Conflict score: 7%
  • ⚠️Tools have complementary objectives
  • ⚠️Tools work well in sequence
Conflicting tags: theoretical-frameworks