Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business Models
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.6/6875 |
Resumo: | The objective of this work is to explore convergence and divergence between business models of circular and collaborative economies in fashion industry and the benefits to sustainable development. The methodological approach is exploratory through bibliographic review and case study of two business models. The first, Rent the Runway, makes use of the Services and Products System (PSS), being a circular model using eco-efficient services with the potential to replicate and to compete with the ‘fast-fashion’ industry. The case study was done using data from Rent the Runway website. The second, Wardrobe, a P2P platform whose study was conducted with personal information with the company co-founder Germanno Teles. Wardrobe business models have a high potential for scalability, as they can be replicated anywhere, have no physical inventory, as users own their clothes. Thus, circular economy is considered to be holistic and adaptive, representing an evolution of the linear economy through the perception and need of a new sustainable strategy in response to the environmental degradation caused by the traditional linear economy. Collaborative economy can be considered an environmentally sustainable socio-economic system, built through the use of digital networks to connect and share goods and products, as well as human, financial and physical capital. |
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Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business ModelsCircular economyCollaborative economySustainable business modelsThe objective of this work is to explore convergence and divergence between business models of circular and collaborative economies in fashion industry and the benefits to sustainable development. The methodological approach is exploratory through bibliographic review and case study of two business models. The first, Rent the Runway, makes use of the Services and Products System (PSS), being a circular model using eco-efficient services with the potential to replicate and to compete with the ‘fast-fashion’ industry. The case study was done using data from Rent the Runway website. The second, Wardrobe, a P2P platform whose study was conducted with personal information with the company co-founder Germanno Teles. Wardrobe business models have a high potential for scalability, as they can be replicated anywhere, have no physical inventory, as users own their clothes. Thus, circular economy is considered to be holistic and adaptive, representing an evolution of the linear economy through the perception and need of a new sustainable strategy in response to the environmental degradation caused by the traditional linear economy. Collaborative economy can be considered an environmentally sustainable socio-economic system, built through the use of digital networks to connect and share goods and products, as well as human, financial and physical capital.uBibliorumFernandes, SolangeLucas, JoséMadeira, Maria JoseCruchinho, AlexandraHonório, Isabela Dias2019-02-12T17:26:34Z20182018-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.6/6875engFernandes, S., Lucas, J., Madeira, M. J., Cruchinho, A., & Honório, I. D. (2018, June). Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business Models. In International Conference on Innovation, Engineering and Entrepreneurship(pp. 925-932). Springer, Cham.10.1007/978-3-319-91334-6_127info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-12-15T09:45:49Zoai:ubibliorum.ubi.pt:10400.6/6875Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:47:31.231405Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business Models |
title |
Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business Models |
spellingShingle |
Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business Models Fernandes, Solange Circular economy Collaborative economy Sustainable business models |
title_short |
Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business Models |
title_full |
Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business Models |
title_fullStr |
Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business Models |
title_full_unstemmed |
Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business Models |
title_sort |
Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business Models |
author |
Fernandes, Solange |
author_facet |
Fernandes, Solange Lucas, José Madeira, Maria Jose Cruchinho, Alexandra Honório, Isabela Dias |
author_role |
author |
author2 |
Lucas, José Madeira, Maria Jose Cruchinho, Alexandra Honório, Isabela Dias |
author2_role |
author author author author |
dc.contributor.none.fl_str_mv |
uBibliorum |
dc.contributor.author.fl_str_mv |
Fernandes, Solange Lucas, José Madeira, Maria Jose Cruchinho, Alexandra Honório, Isabela Dias |
dc.subject.por.fl_str_mv |
Circular economy Collaborative economy Sustainable business models |
topic |
Circular economy Collaborative economy Sustainable business models |
description |
The objective of this work is to explore convergence and divergence between business models of circular and collaborative economies in fashion industry and the benefits to sustainable development. The methodological approach is exploratory through bibliographic review and case study of two business models. The first, Rent the Runway, makes use of the Services and Products System (PSS), being a circular model using eco-efficient services with the potential to replicate and to compete with the ‘fast-fashion’ industry. The case study was done using data from Rent the Runway website. The second, Wardrobe, a P2P platform whose study was conducted with personal information with the company co-founder Germanno Teles. Wardrobe business models have a high potential for scalability, as they can be replicated anywhere, have no physical inventory, as users own their clothes. Thus, circular economy is considered to be holistic and adaptive, representing an evolution of the linear economy through the perception and need of a new sustainable strategy in response to the environmental degradation caused by the traditional linear economy. Collaborative economy can be considered an environmentally sustainable socio-economic system, built through the use of digital networks to connect and share goods and products, as well as human, financial and physical capital. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018 2018-01-01T00:00:00Z 2019-02-12T17:26:34Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.6/6875 |
url |
http://hdl.handle.net/10400.6/6875 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Fernandes, S., Lucas, J., Madeira, M. J., Cruchinho, A., & Honório, I. D. (2018, June). Circular and Collaborative Economies as a Propulsion of Environmental Sustainability in the New Fashion Business Models. In International Conference on Innovation, Engineering and Entrepreneurship(pp. 925-932). Springer, Cham. 10.1007/978-3-319-91334-6_127 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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