Lecture 5 (Sandor Löwik) Flashcards
What is circular innovation?
A continuous and systematic approach to design, develop and commercialise sustainable products, services and processes that contribute to the transformation from a linear to a circular economy and society
NOT invention, as this is a one-time event
What do you need as a business to succeed at innovation?
6 innovation capabilities
- Technological Innovation
- Business model innovation
- Organisational innovation
- Value chain innovation
- Renewable energy process innovation
- Social innovation
Company needs to work on all 6 simultaneously as they are interrelated
Technological innovation
a) Design principles
Design for Refuse and Rethink
- is this product needed?
Design for Reduce
- is this product efficiently produced?
Design for long lasting Use and Reuse
- is product durable and adaptable?
Design for Repair and maintenance
- is this product modular?
Design for Recycling and Recovery
- can the product’s material be recovered?
b) Material health
Business model innovation
Ownership based (buy a car)
Access/Usage based (Car2go)
Performance based (Uber)
Result based (mobility as a service)
Organisational innovation
Top management support
Knowledge, skills, culture
Manage internal tensions
Open minded designers and engineers
“practice what you preach” & get company aligned
What are the biggest challenges in value chain innovation?
Setting industry standards
Organising, collecting and return used products
Circular Maturity Model
1 Unformed
2 Basic
3 Improved
4 Engaged
5 Advanced
