Toward a Sustainable Business Model: ecosystem approach to innovation from the Finland Batteries/EV sector

Abstract

To achieve long term vision of sustainable development of EVB industry, BMs notion offers holistic view that CE incorporate wider scope sustainability for sustainable development. Thus, CEBM implementation in this field is key to reach out EU CE action plans, tackle other suppressing issues e.g., natural resource depletion and unsustainable supply chain while keep economy growing. To scale up the circular impact, SBM innovation offer a unique opportunity that BMI effectively and efficiently practice CE principles at system level. In this research, the BMs’ lens is instrumental to look at the CBMs ecosystem from Finland EVB sector to identify the success factors of how focal firms innovate in and overhaul their mechanism of aggregating value.

To elevate the complexity, give clarity to the Ecosystem research, and better understand how to innovate an incumbent business model with CE principles adhered to, in this research, explorative case studies have been conducted from Finland institutions and big firms with semi-structured interviews from EVB sector. To enhance further understanding of how to innovate such a prospective sustainable and circular BM, experts’ views are considered, and BMI framework is developed to include SDGs, basing on current trends, gaps and for future assessment of CE performance for broader sustainability. This research dedicates in the emerging field of EVB sector sustainable development with CE perspective: ecosystem approach to innovation in the circular value chain; business models lens to look at the circular ecosystem toward circularity and gaining sustainability.

For BMs can be framework and conceptualizing tool that SBM innovation could conceptualize and implement SBMs (CBMS)at organizational level: multi-stakeholder BMI with CE principles adhered to; CBM advocate various loops to ‘slow, close, narrow, intensify, dematerialize ‘the resource loops, and eventually contribute to system and environmental sustainability. By addressing the research gap from existing literature review, the ecosystem theory may help to explain business models change for the system level sustainability; CE BM implementation enable more businesses B2B, B2C take up CE principles ‘sense, seize, and transform' to CE paradigm. Dynamic capability of BMs changes creating new or innovative BM is essential, in this way that organization and firms renew their competitive edge, incorporate circularity elements, structures the usefulness to evaluate, align organization architecture, calibrate CE activities, and interact with the ecosystem players in the circular value chain development for CE model.