Cocreating Value Through Open Circular Innovation Strategies: A Results-Driven Work Plan and Future Research Avenues

IF 13.3 1区管理学 Q1 BUSINESS Business Strategy and The Environment Pub Date : 2025-02-23 DOI:10.1002/bse.4216

Mark Anthony Camilleri

{"title":"Cocreating Value Through Open Circular Innovation Strategies: A Results-Driven Work Plan and Future Research Avenues","authors":"Mark Anthony Camilleri","doi":"10.1002/bse.4216","DOIUrl":null,"url":null,"abstract":"<p>For the time being, there is limited research focused on open innovation approaches that promote the development and growth of stakeholder-driven circular economy models. This article addresses this knowledge gap. Its objectives are threefold: Firstly, it describes key elements of open innovation and circular value cocreation. Secondly, it utilizes the findings from a comprehensive systematic review to identify opportunities and challenges related to the open circular innovation paradigm. Thirdly, it presents theoretical implications and an action plan, alongside future research avenues, that highlight the importance of engaging in collaborative behaviors with stakeholders. It emphasizes a cocreation culture that encourages the sharing of resources, competencies, and capabilities, while safeguarding the organizations' intellectual properties. Such practices aim to foster coupled innovation and support circular economy strategies like resource recovery, reverse logistics, and industrial symbiosis, among others. Unlike many other articles, this contribution clearly specifies that there is scope for practitioners to develop circular economy ecosystems that increase the practitioners' bottom lines, while reducing their environmental impacts.</p>","PeriodicalId":9518,"journal":{"name":"Business Strategy and The Environment","volume":"34 4","pages":"4561-4580"},"PeriodicalIF":13.3000,"publicationDate":"2025-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bse.4216","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Business Strategy and The Environment","FirstCategoryId":"91","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/bse.4216","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

For the time being, there is limited research focused on open innovation approaches that promote the development and growth of stakeholder-driven circular economy models. This article addresses this knowledge gap. Its objectives are threefold: Firstly, it describes key elements of open innovation and circular value cocreation. Secondly, it utilizes the findings from a comprehensive systematic review to identify opportunities and challenges related to the open circular innovation paradigm. Thirdly, it presents theoretical implications and an action plan, alongside future research avenues, that highlight the importance of engaging in collaborative behaviors with stakeholders. It emphasizes a cocreation culture that encourages the sharing of resources, competencies, and capabilities, while safeguarding the organizations' intellectual properties. Such practices aim to foster coupled innovation and support circular economy strategies like resource recovery, reverse logistics, and industrial symbiosis, among others. Unlike many other articles, this contribution clearly specifies that there is scope for practitioners to develop circular economy ecosystems that increase the practitioners' bottom lines, while reducing their environmental impacts.

Abstract Image

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

通过开放式循环创新战略共同创造价值：一个结果驱动的工作计划和未来的研究途径

目前，关于开放式创新方法促进利益相关者驱动型循环经济模式发展和成长的研究有限。本文解决了这一知识差距。它的目标有三个：首先，它描述了开放式创新和循环价值共同创造的关键要素。其次，利用全面系统回顾的结果来识别与开放式循环创新范式相关的机遇和挑战。第三，它提出了理论意义和行动计划，以及未来的研究途径，强调了与利益相关者合作行为的重要性。它强调一种共同创造的文化，鼓励共享资源、能力和能力，同时保护组织的知识产权。这些做法旨在促进耦合创新，支持资源回收、逆向物流和产业共生等循环经济战略。与许多其他文章不同，这篇文章明确指出，从业者有发展循环经济生态系统的空间，可以增加从业者的底线，同时减少他们对环境的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文去求助

来源期刊

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.