Business Models for a Circular Economy
A circular economy is a regnerative system that uses as little resources as possible in the most efficient way. The implementation of a circular economy offers different ways to do so, e.g. by re-design, re-use, or re-cycling. Along these different "cycles" new business models arise.
In this course students evaluate different products on their potential for a circular economy by considering - among others - the product's technical, economic, and legal environments. Once they strengthened their knowledge on the product and on circular economy principles, they will develop solutions and business models in teams. The course ends with a pitching event, where the teams will present their solutions and business ideas. The course consists of an overview of circular economy principles, research, diverse workshop formats and team work.
The course is aimed at people with a keen interest to understand and solve societal and environmental problems employing the principles of a circular economy. The seminar consists of a mix of lectures, workshops, individual working sessions, and team work. Critical reflection is an integrative part of the process.
After completing the course, students will
- be familiar with the principles of a circular economy
- able to critically reflect on the limits of a circular economy
- be experienced with a re-thinking process of an existing product along circular economy principles