What is it about?
The article outline that by applying open innovation and ecocentric dynamic capabilities to cross-sectoral collaborations for advancing circular economy in networks, create individual relational rents that support implementation of circular economy. We propose a framework that show how qualitative measures provide positive return on investment based on implementation of circular economy principles.
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Why is it important?
United Nations (UN), the European Union (EU) Commission and Parliament, a range of NGOs and academia aknowledge that an overall implementation of the circular economy principles is needed to reach the goals of the Paris agreement and many of the Sustainable Development Goals (SDG´s). Technological quick fixes like Power-to-X and carbon storage will only accomplish approximatly 50% and the remaining 50% of complying with the 1.5 degree Celsius target can only be accomplished through implementation of circular economy principles at product/business level (micro), industrial level (meso) and societal level (macro).
Perspectives
This article is important in the academic debat to advance the theoretical understanding of implementing circular economy principles. From a practitioners perspective it is an important article, because we shed light on qualitative outcomes that cannot be measured, but nevertheless are strong driving forces of the transition to a more sustainable society.
PhD in Circular Economy and Marketing Sönnich Dahl Sönnichsen
Copenhagen Business School
Read the Original
This page is a summary of: Towards a collaboration framework for circular economy: The role of dynamic capabilities and open innovation, Business Strategy and the Environment, February 2022, Wiley,
DOI: 10.1002/bse.3000.
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