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

IF 12.5 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2025-02-24 DOI:10.1002/bse.4216

Mark Anthony Camilleri

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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.

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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.