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Seminar 4: How to Create Value from the Circular Economy?
Key Learning: With the emergence of the Circular Economy, new business models are appearing that would simply not have been possible just a few years ago.
Many traditional business models have followed the same formula: extract resources from Nature; create products which often have a very limited lifecycle (pre-planned obsolescence via fashion or substandard manufacturing); and finally, have the consumer dispose of the product in its entirety even though most of the products’ components are still useful. This process created endless consumer demand for new products that companies were more than eager to provide.
Many consumers, and as a result more and more companies today, now recognise that this “make-sell-use-dispose” mentality is simply no longer sustainable. This has created interest in the Circular Economy for it challenges this traditional business model by resolving concerns of waste reduction, increasing product longevity and recycling and reusing component parts. This radical shift rejecting the traditional manufacturing paradigm has been heavily supported by technology innovation.
Experts have identified as many as twenty different variations of the Circular Economy business models. This seminar will examine some of these innovation models and thereby provide insights on how you can follow or adapt these Circular Economy concepts and create value for your own businesses.
Who should attend?
All participants that want to deepen their knowledge of value creation in Circular Economy are invited to join. NOTE: The participation in the Circular Economy Bootcamp is a mandatory pre-requisite for the attendance to this Seminar 4.
Lecturer: Dana Petrovic