Abstract
In the rapidly evolving landscape of sustainable business practices, the circular economy (CE) has emerged as a pivotal framework for fostering long-term environmental and economic resilience. This chapter delves into the intricate relationship between CE, servitisation, and Industry 4.0 (I4.0) technologies, particularly from an entrepreneurial perspective. Through a comprehensive literature review, the chapter explores how these elements synergistically act as catalysts for innovation and sustainable growth. Entrepreneurs are at the forefront of this transition, leveraging CE principles to unlock new market opportunities and drive competitive advantage. The chapter highlights how adopting servitisation and I4.0 technologies not only fosters sustainability, but it also paves the way for sustainable innovation and entrepreneurship in the contemporary business environment.
Original language | English |
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Title of host publication | Entrepreneurship and the Dynamics of Contexts |
Subtitle of host publication | Contemporary Issues and Challenges |
Editors | Ibeyemi Omeihe, King Omeihe |
Publisher | Emerald Publishing Limited |
Publication status | Published - 2025 |
Keywords
- circular economy
- entrepreneur
- servitisation
- Industry 4.0
- sustainable growth
- innovation