Jayakodi, S.; Senaratne, S.; Perera, S. Circular Economy Business Model in the Construction Industry: A Systematic Review. Buildings2024, 14, 379.
Jayakodi, S.; Senaratne, S.; Perera, S. Circular Economy Business Model in the Construction Industry: A Systematic Review. Buildings 2024, 14, 379.
Jayakodi, S.; Senaratne, S.; Perera, S. Circular Economy Business Model in the Construction Industry: A Systematic Review. Buildings2024, 14, 379.
Jayakodi, S.; Senaratne, S.; Perera, S. Circular Economy Business Model in the Construction Industry: A Systematic Review. Buildings 2024, 14, 379.
Abstract
The construction business environment is becoming competitive and intense, and Business Models (BMs) are receiving considerable attention as potential sources of sustainable survival and growth. Converse to the linear economy model that industry follows, the Circular Economy (CE) has the potential to create a sustainable construction industry, while creating a sustainable business environment in construction organisations. Nevertheless, in traditional BMs, value is often concentrated on the financial value for the stakeholders; in Circular Economy Business Models (CEBMs), value is seen more broadly by considering a comprehensive range of value chain partners, the environment, and the society. Hence, implementing CE in the construction industry requires reforms in each value chain. Thus, the aim of this paper is to develop a conceptual model for construction organisations' adoption of CEBMs for their organisations. To accomplish the aim, the objectives of this paper are twofold: (i) to define the concept of CEBMs, and (ii) to map the Conceptual CEBMC (Circular Economy Business Model Canvas) as applicable in the construction organisational context. This research adopted a systematic document review, including a content analysis of selected papers. The study contributes significantly by proposing a CEBMC, in which construction organisations could successfully transform their businesses from linear to circular environments.
Keywords
Circular Economy; Business Models; Construction; Value Chains
Subject
Environmental and Earth Sciences, Other
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
