Unlocking sustainable growth: leveraging circular economy, servitisation and Industry 4.0 as a catalyst for innovation and entrepreneurship

Sehrish Atif, Abeer Hassan

Research output: Chapter in Book/Report/Conference proceedingChapter

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 languageEnglish
Title of host publicationEntrepreneurship and the Dynamics of Contexts
Subtitle of host publicationContemporary Issues and Challenges
EditorsIbeyemi Omeihe, King Omeihe
PublisherEmerald Publishing Limited
Publication statusPublished - 2025

Keywords

  • circular economy
  • entrepreneur
  • servitisation
  • Industry 4.0
  • sustainable growth
  • innovation

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