Circular Strategies Enabled by the Internet of Things: Opportunities, Implementation Challenges, and Environmental Impact

The concept of a ‘Circular Economy’ (CE) has been gaining traction in business, policy, and academia. It envisions an economy powered by renewable energy in which the value of products and materials are preserved for as long as possible. ‘Design for Circular Economy’ is emerging as a research field as well as a branch of sustainable design...

Digitalised product-service systems: Effects on consumers’ attitudes and experiences

Access-based product-service systems (AB-PSS) allow consumers to use products for a fee and might support the transition towards a circular economy. This type of business model could decrease negative impacts of consumption by reducing the number of products needed; either by extending products’ lifetimes or by intensifying the use of...

Digitalization, business models, and SMEs: How do business model innovation practices improve performance of digitalizing SMEs?

Digital transformation is requiring companies to rethink and innovate their business models (BMs). However, small- and medium-sized enterprises (SMEs)have scarce time and resources for experimenting with their BMs and implementing new strategies. This paper examines whether SMEs that undergo digital transformation perform better if they...

Circular strategies enabled by the internet of things: a framework and analysis of current practice

This paper focuses on how the Internet of Things (IoT) could contribute to the transition to a circular economy (CE), through supporting circular business model and design strategies. While literature has highlighted the opportunities for IoT to support circular strategies in business, little has been published about actual implementations in...

The impact of digitalization on business models

Purpose: This paper aims to explore how digital technologies have forced small- to medium-sized enterprises (SMEs) to reconsider and experiment with their business models (BMs) and how this contributes to their innovativeness and performance. Design/methodology/approach: An empirical study has been conducted on 338 European SMEs actively...