Circular economy: business models, design strategies and its indicators

Over the last years, the concept of Circular Economy has received a lot of attention from major global companies, with the intent of giving a better alternative to the prevailing economic development model, known as “take, make, and dispose”. Moving from one business model to another requires a mutual effort from companies, government and consumers as well as a better understanding is needed to promote and stimulate this new model. However, there is not a comprehensive framework available to assist all businesses in developing a circular business model. This paper addresses this gap and develops a theoretical framework of strategies to provide a clear vision for designers and business strategists in the transition from a linear to a circular economy.