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

Research output: Chapter in Book/Report/Conference proceedingChapter

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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
DOIs
Publication statusPublished - 2025

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth
  2. SDG 12 - Responsible Consumption and Production
    SDG 12 Responsible Consumption and Production

Keywords

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

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