This Circular Business Model Implementation occurs when a focal company, in collaboration with partners, uses innovation to create, capture, and deliver value to improve resource efficiency by extending the lifespan of products and parts, resulting in environmental, social, and economic benefits. Circular business models CBMs have a conceptual logic based on utilizing economic value retained in products after use to create value. However, CBM implementation must go beyond pilot projects and local initiatives to achieve this. To get started, you can use EdrawMax online to make this Circular Business Model Implementation diagram.
