TY - JOUR
T1 - Mapping a Circular Business Opportunity in Electric Vehicle Battery Value Chain
T2 - A Multi-Stakeholder Framework to Create a win–win–win Situation
AU - Chirumalla, Koteshwar
AU - Reyes, Lizbeth Guerrero
AU - Toorajipour, Reza
N1 - Published online: 18 March 2022.
PY - 2022/6
Y1 - 2022/6
N2 - Electric vehicle (EV) batteries provide new business opportunities through circularity, but identifying these opportunities requires multi-stakeholder collaboration considering the interests of stakeholders, the environment, and society. However, circular business model frameworks to support and guide firms in identifying and mapping multidirectional value in the early phases of designing new circular business models are lacking. Thus, this research proposes a framework that could support stakeholders in the EV battery value chain in identifying and mapping circular business opportunities and multidirectional value among stakeholders in order to generate a win–win–win situation in the value-creation process. The proposed framework for multi-stakeholder circular business model innovation consists of four phases—namely, initiation, ideation, testing, and implementation—subdivided into eight steps to address key challenges facing firms and encourage discussions on shared values and visions among all stakeholders in the early phases of designing the circular business model.
AB - Electric vehicle (EV) batteries provide new business opportunities through circularity, but identifying these opportunities requires multi-stakeholder collaboration considering the interests of stakeholders, the environment, and society. However, circular business model frameworks to support and guide firms in identifying and mapping multidirectional value in the early phases of designing new circular business models are lacking. Thus, this research proposes a framework that could support stakeholders in the EV battery value chain in identifying and mapping circular business opportunities and multidirectional value among stakeholders in order to generate a win–win–win situation in the value-creation process. The proposed framework for multi-stakeholder circular business model innovation consists of four phases—namely, initiation, ideation, testing, and implementation—subdivided into eight steps to address key challenges facing firms and encourage discussions on shared values and visions among all stakeholders in the early phases of designing the circular business model.
KW - Battery second life
KW - Circular business model design
KW - Circular business model innovation
KW - Ecosystem collaboration
KW - EV batteries
KW - Sustainable business model
KW - Sustainable business model
KW - circular business model innovation
KW - EV batteries
KW - Circular business model design
KW - Ecosystem collaboration
KW - Battery second life
U2 - 10.1016/j.jbusres.2022.02.070
DO - 10.1016/j.jbusres.2022.02.070
M3 - Journal article
AN - SCOPUS:85126605707
SN - 0148-2963
VL - 145
SP - 569
EP - 582
JO - Journal of Business Research
JF - Journal of Business Research
ER -