Modeling circular economic activities
A business ecosystem perspective through the value exchange network framework
Bibliographic Data
| ID | 19499449 |
|---|---|
| Authors | Mohammad Nabil Almunawar (0000-0001-5296-2576, Universiti Brunei Darussalam, corresponding author), Muhammad Anshari (0000-0002-8160-6682, Universiti Brunei Darussalam), Anas Miftah Fauzi (0000-0001-5158-3996, IPB University) |
| Year | 2025 |
| Volume | 32 |
| Issue | 4 |
| Pages | 415-427 |
| Publication date | 2025-05-19 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | International Journal of Sustainable Development & World Ecology (JOURNAL) |
| Journal identifiers | ISSN: 1350-4509 • E-ISSN: 1745-2627 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/13504509.2025.2474937 |
| OpenAlex | W4408300170 |
| Language | EN |
| References cited | 49 |
The circular economy aims to minimize waste by adhering to the principles of reduce, reuse and recycle, contrasting sharply with the traditional linear economy, which often generates significant waste and environmental harm. Viewing the circular economy through the lens of a business ecosystem offers valuable insights into how various components of circular economic activities interact through value exchanges. This perspective enables decision-makers and policymakers to enhance and expand the ecosystem effectively. This paper introduces a novel approach to mapping and organizing circular economic activities using business ecosystem modeling. Circular economic activities operate within a business ecosystem of interdependent organizations collaborating to achieve long-term sustainable value exchanges. The proposed model facilitates the visualization and organization of these interactions, enabling the cohesive expansion of circular economic practices. Transitioning from a linear to a circular framework establishes a paradigm for sustainable, collaborative and environmentally conscious economic practices. A key contribution of this paper is the introduction of the Value Exchange Network (VEN) framework, a novel business ecosystem modeling that can be used as a tool to design circular economic activities. The primary outcome is a circular business ecosystem model, accompanied by a diagram illustrating various circular economic activities within the ecosystem. The model’s practical utility is demonstrated through real-world examples, showcasing its potential to effectively support the management and enhancement of circular economic activities
Business · Business ecosystem · Business model · Economics · Ecosystem · Environmental resource management · Industrial organization · Knowledge management · Value network · Computer Science · Service and Product Innovation · Sustainable Industrial Ecology · Sustainable Supply Chain Management · Ecology · Marketing
Sustainable Development Goals
Product design and business model strategies for a circular economy
What is Sustainable Development? Goals, Indicators, Values, and Practice
Orchestrating industrial ecosystem in circular economy
A review of micro level indicators for a circular economy – moving away from the three dimensions of sustainability?
Towards a theory of ecosystems
From circular business models to circular business ecosystems
Value creation in innovation ecosystems
Literature review as a research methodology
“Uncovering” Industrial Symbiosis
Industrial Ecology in Practice
Macro level matters
Principles for a sustainable circular economy
| Citation velocity | historical |
|---|---|
| Highly cited | No |