The module will guide you through the process of adapting the Business Model Canvas to the circular economy approach. After working with this module you should be able to decipher all parts of the Circular Business Model Canvas (CBMC).
The module will guide you through the process of adapting the Business Model Canvas to the circular economy approach. After working with this module you should be able to decipher all parts of the Circular Business Model Canvas (CBMC).
The circular economy represents a huge opportunity. Not only for the environment but above all for the creation of a completely new industry. The removal of certain types of disposable plastics recently decided by the European Union is only a small part of the overall change. The key is to return materials and waste into production, which provides many ways for companies to save not only the environment but also energy costs and materials, by implementing circular principles.
The scope of the circular economy is very broad, and it is important to realize that it is not about discovering anything new, but rather returning to traditional frugality. Small and family businesses have always used and reused all their resources, whether they are material or human, with care, and a longer return on investment is not an obstacle for them. In addition, for family companies, maintaining the business for the next generation is the engine, so the issue of investing in cleaner and more environmental production is often a natural part of strategic development.
This also provides an opportunity for start-up entrepreneurs who can look for the opportunities that the return of waste and materials brings from the very outset of building their business.
