Circular Project Selection: How Companies Can Evaluate Circular Innovation Projects

For a transition toward the circular economy (CE) at the firm level, circular innovations are an essential requirement. Many companies are still hesitant to introduce circular solutions, as their future success chances are difficult to predict. Circular solutions often imply a high uncertainty and c...

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Autores principales:	Anja Eisenreich, Johann Füller, Martin Stuchtey
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	circular economy project selection idea selection circular innovation multi-criteria decision making Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/7ed0d241c4e542a0b9ab5999e27e6d9b
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spelling	oai:doaj.org-article:7ed0d241c4e542a0b9ab5999e27e6d9b2021-11-25T19:00:48ZCircular Project Selection: How Companies Can Evaluate Circular Innovation Projects10.3390/su1322124072071-1050https://doaj.org/article/7ed0d241c4e542a0b9ab5999e27e6d9b2021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12407https://doaj.org/toc/2071-1050For a transition toward the circular economy (CE) at the firm level, circular innovations are an essential requirement. Many companies are still hesitant to introduce circular solutions, as their future success chances are difficult to predict. Circular solutions often imply a high uncertainty and complexity because they are designed over multiple life cycles and are strongly interconnected with diverse stakeholders. Therefore, an effective selection process tailored to circular innovation is of great advantage. This study examines circular project selection by investigating selection processes and evaluation criteria for circular innovation management. A qualitative research design was chosen, including 18 in-depth interviews with CE experts and representatives from CE pioneer companies. Findings on the selection process show that circular innovation projects are often embedded in a strategic CE framework decision. Whereas idea generation is usually approached bottom-up involving different stakeholders, project evaluation is rather performed top-down by top management or in cross-functional teams. Furthermore, the study discusses evaluation criteria and their CE implications in detail and structures them into a criteria framework that can be used in multi-criteria decision models. This paper makes a theoretical contribution by connecting innovation and CE literature and by providing new knowledge on the still scarcely explored topic of circular project selection. As practical contribution, the study guides managers on how to approach project selection in circular innovation management and thus supports their development toward a CE.Anja EisenreichJohann FüllerMartin StuchteyMDPI AGarticlecircular economyproject selectionidea selectioncircular innovationmulti-criteria decision makingEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12407, p 12407 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	circular economy project selection idea selection circular innovation multi-criteria decision making Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	circular economy project selection idea selection circular innovation multi-criteria decision making Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Anja Eisenreich Johann Füller Martin Stuchtey Circular Project Selection: How Companies Can Evaluate Circular Innovation Projects
description	For a transition toward the circular economy (CE) at the firm level, circular innovations are an essential requirement. Many companies are still hesitant to introduce circular solutions, as their future success chances are difficult to predict. Circular solutions often imply a high uncertainty and complexity because they are designed over multiple life cycles and are strongly interconnected with diverse stakeholders. Therefore, an effective selection process tailored to circular innovation is of great advantage. This study examines circular project selection by investigating selection processes and evaluation criteria for circular innovation management. A qualitative research design was chosen, including 18 in-depth interviews with CE experts and representatives from CE pioneer companies. Findings on the selection process show that circular innovation projects are often embedded in a strategic CE framework decision. Whereas idea generation is usually approached bottom-up involving different stakeholders, project evaluation is rather performed top-down by top management or in cross-functional teams. Furthermore, the study discusses evaluation criteria and their CE implications in detail and structures them into a criteria framework that can be used in multi-criteria decision models. This paper makes a theoretical contribution by connecting innovation and CE literature and by providing new knowledge on the still scarcely explored topic of circular project selection. As practical contribution, the study guides managers on how to approach project selection in circular innovation management and thus supports their development toward a CE.
format	article
author	Anja Eisenreich Johann Füller Martin Stuchtey
author_facet	Anja Eisenreich Johann Füller Martin Stuchtey
author_sort	Anja Eisenreich
title	Circular Project Selection: How Companies Can Evaluate Circular Innovation Projects
title_short	Circular Project Selection: How Companies Can Evaluate Circular Innovation Projects
title_full	Circular Project Selection: How Companies Can Evaluate Circular Innovation Projects
title_fullStr	Circular Project Selection: How Companies Can Evaluate Circular Innovation Projects
title_full_unstemmed	Circular Project Selection: How Companies Can Evaluate Circular Innovation Projects
title_sort	circular project selection: how companies can evaluate circular innovation projects
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/7ed0d241c4e542a0b9ab5999e27e6d9b
work_keys_str_mv	AT anjaeisenreich circularprojectselectionhowcompaniescanevaluatecircularinnovationprojects AT johannfuller circularprojectselectionhowcompaniescanevaluatecircularinnovationprojects AT martinstuchtey circularprojectselectionhowcompaniescanevaluatecircularinnovationprojects
_version_	1718410412464013312

Circular Project Selection: How Companies Can Evaluate Circular Innovation Projects

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