Open this publication in new window or tab >>Show others...
2025 (English)In: Business Strategy and the Environment, ISSN 0964-4733, E-ISSN 1099-0836, Vol. 34, no 4, p. 4747-4765Article in journal (Refereed) Published
Abstract [en]
The novelty of this article lies in its focus on how mature ecosystems align their members around a new value proposition, specifically supporting circular economy entrepreneurship. We use dynamic capabilities theory to analyse the coordination and collaboration challenges in entrepreneurial ecosystems that seek to support entrepreneurship based on circular economy strategies. Drawing on interviews with 34 ecosystem actors and 70 circular new ventures, as well as three focus group discussions, we identify key challenges that hinder the ecosystem's alignment: (i) a lack of shared understanding of the circular economy concept, (ii) diverse business strategies for circular value creation, (iii) insufficient support tools for circular new ventures and (iv) limited interactions between specialists and generalists. Overcoming these challenges requires ecosystem orchestrators with a holistic perspective, strong legitimacy and the ability to mobilize ecosystem-level resources. These orchestrators must foster a shared vision (sensing), promote investment in circular expertise (seizing) and adapt the ecosystem to the evolving needs of circular new ventures (reconfiguring). Using the circular economy context, we contribute to ecosystem theory by highlighting the importance of materiality, the emergence of geographically unbound entrepreneurial ecosystems and the role of non-market exchanges. For practitioners, this article offers actionable insights for reconfiguring mature entrepreneurial ecosystems for new value propositions such as providing support for circular economy entrepreneurs.
Place, publisher, year, edition, pages
WILEY, 2025
Keywords
alignment, circular business models, circular start-ups, dynamic capabilities, ecosystems
National Category
Business Administration
Identifiers
urn:nbn:se:liu:diva-211956 (URN)10.1002/bse.4229 (DOI)001434137200001 ()2-s2.0-85218791171 (Scopus ID)
Funder
Swedish Research Council Formas, 2020-00815
Note
Funding Agencies|FORMAS [2020-00815]; FORMAS-A Swedish research council for sustainable development
2025-02-282025-02-282025-05-18