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Circular business model evolution: Stakeholder matters for a self‐sufficient ecosystem

Moggi, Sara, Dameri, Renata Paola·2021·Business Strategy and the Environment

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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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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