How Do Intelligent Goods Shape Closed-Loop Systems?

Disruptive technologies can increase the intelligence of goods and revitalize business models in the circular economy. Applying an industrial ecology perspective, this article discusses how intelligent goods can boost the sustainability of industrial ecosystems. North American and European cases hig...

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Bibliographic Details
Published in:California management review 2018-05, Vol.60 (3), p.20-44
Main Authors: Rajala, Risto, Hakanen, Esko, Mattila, Juri, Seppälä, Timo, Westerlund, Mika
Format: Article
Language:English
Subjects:
Automobile industry
Business
Business models
Closed loop systems
Decentralization
Ecology
Economic policy
Ecosystems
Industrial ecology
Intelligence
Leverage
Manufacturers representatives
Technological change
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Summary:Disruptive technologies can increase the intelligence of goods and revitalize business models in the circular economy. Applying an industrial ecology perspective, this article discusses how intelligent goods can boost the sustainability of industrial ecosystems. North American and European cases highlight how business model innovators can utilize goods-related information to develop more competitive closed-loop systems. The authors identify three archetypes of closed-loop systems—inner circles, decentralized systems, and open systems—and delineate how they leverage information resources for collaboration. This study advances the understanding of closed-loop systems in the circular economy, which is more dependent than ever on digital platforms.
ISSN:0008-1256
2162-8564
DOI:10.1177/0008125618759685