Circular business models: features and general presentation format

Authors

  • H.A. Petrushkevich Polessky State University, Pinsk, Republic of Belarus
  • L.E. Sovik Polessky State University, Pinsk, Republic of Belarus

Keywords:

evolution of business models, types of business models, content analysis, features of circular business models, generalized presentation format

Abstract

Objective. Reveal the distinctive features of circular business models (CBM), develop a generalized format for their presentation.

Materials and methods. When performing the work, a systematic approach and the method of content analysis were used

Results. It is substantiated that circular business models are a new type in the evolution of business models that meet the challenges of the circular economy; the distinctive features of the CBM as a system is the presence of a new target component - a value proposition for the environment and the organizational mechanism for the formation of an environmental result that provides it, which opens up opportunities for economic motivation of business entities to achieve environmental goals; a new generalized format for representing the CBM has been developed as a starting point for creating innovative options for business models of the circular economy.

Conclusion. The identified features of the CBM as systems and the developed generalized presentation format are the starting point for the development of innovative options for the CBM for business practices in the circular economy.

Author Biographies

H.A. Petrushkevich, Polessky State University, Pinsk, Republic of Belarus

Postgraduate Student

L.E. Sovik, Polessky State University, Pinsk, Republic of Belarus

Doctor of Econ. Sc., Associate Professor

References

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References

Batova N., Dorozhko S., Shushkevich A. Cirkulyarnaya ekonomika: konceptualnye podhody i instrumenty ih realizacii: monografiya dlya specialistov organov gosupravleniya, biznesa i zainteresovannoj obshestvennosti [Circular economy: conceptual approaches and tools for their implementation: a monograph for specialists in government, business and the public concerned]. Eds. Dorozhko S., Shushkevich A. Minsk, Medisont, 2020, 212 p. (In Russian)

Ufimtsev, V. I. Materialy teorii sistem [Materials of the theory of systems]. (In Russian). Available at: econic.chat.ru/phil/philo1.htm. (accessed: 09.22.2022)

Osterwalder A., Pigne I. Postroenie biznes-modelej. Nastolnaya kniga stratega i novatora [Construction of business models. Handbook of an innovator and innovator]. Moscow, Alpina Publisher . Skolkovo Series, 2020, 288 p. (In Russian)

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Oleinik А. N. Primenenie kontent_analiza v ekonomicheskih naukah_ obzor tekuschego sostoyaniya del i perspektiv [Uses of content analysis in economic sciences: An overview of the current situation and prospects]. Voprosy Ekonomiki, 2021, no. 4, pp. 79 – 95.

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Published

2023-01-17

How to Cite

Петрушкевич, А., & Совик, Л. (2023). Circular business models: features and general presentation format. Economy and Banks, (2), 98-105. Retrieved from https://ojs.polessu.by/EB/article/view/1708

Issue

No. 2 (2022)

Section

Issues of regional economy

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