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Circular business model evolution: Stakeholder matters for a self‐sufficient ecosystem
Abstract
Food waste is a key issue in the circular economy. A circular ecosystem results from the contributions of various stakeholders; however, the claims and value propositions of these stakeholders can differ, hampering long‐term sustainability of the ecosystem. This study analyses the case of RiCibo, a circular ecosystem based in Genoa, Italy. RiCibo collects surplus food and redistributes it to the needy in the local community. The study examines the conditions that facilitated RiCibo’s evolution from a simple project to a circular self‐sufficient ecosystem characterised by a co‐designed circular business model with a broad range of stakeholders. The results show that sharing people, infrastructure and knowledge, together with mutual trust among stakeholders, are the preconditions of a circular ecosystem. Long‐term continuity depends on additional tools that enhance financial self‐sufficiency, namely, participative governance, a co‐designed circular business model, accountability, frequent engagement, local actions and the development of advocacy power.
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“Recent studies have emphasized that an effective transition to the CE at micro, meso, and macro levels requires some forms of shared or col lective stakeholder governance, such as a polycentric (Patala et al., 2022), democratic (Moggi and Dameri, 2021), or participative (Aguinaga et al., 2018) form.”
From Effective stakeholder governance in circular economy: Insights from Italian companies (2024) · cites this paper as Moggi and Dameri, 2021
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Cited by
Sorted by citations
Chaudhary, S., Kaur, P., Alofaysan, H., Halberstadt, J., & Dhir, A. (2023) · Business Strategy and the Environment · doi:10.1002/bse.3466 · Cited by 86
Effective stakeholder governance in circular economy: Insights from Italian companies
Minoja, M., & Romano, G. (2024) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2024.143584 · Cited by 35
A Hierarchical Pyramid for Food Waste Based on a Social Innovation Perspective
Lombardi, M., & Costantino, M. (2021) · Sustainability · doi:10.3390/su13094661 · Cited by 22
Metadata
- Authors
- Moggi, S., & Dameri, R. P.
- Affiliations
- Business Administration Department University of Verona Verona Italy
- Department of Economics and Business Studies University of Genova Genoa Italy
- Venue
- Business Strategy and the Environment
- Publisher
- Wiley
- Published
- 2021-02-21
- Volume
- 30
- Issue
- 6
- Pages
- 2830-2842
- ISSN
- 0964-4733
- 1099-0836
- Cited by
- 103
- References
- 7
- Language
- en
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