Applying new sustainable models to long-life assets

Abstract

The goal of this research is to show how companies can move to a sustainable business model, what they will find on their path and how long-life assets can help them in the process. The literature review is done by using articles that are made from previous researches. These articles show how sustainable business models work and how assets can help the business in their circular business model. This way could be learned how sustainable business models work. Studying about the various parts of the company showed where the changes needed to be made. As a result of the research, we found that there are six main topics that the company has to focus on in order to become a circular company. These six topics are: the business model, the company’s employees, the product that the company is trying to sell, the selling strategy of the company, how to store these products and the company’s assets. The report focusses on businesses that work with long-life assets and what they have and can do to make the change from linear to circular. The conclusion of the research is that the change from a linear company to a circular company is difficult and need to be managed with care. Some big investments are needed in order to make the change. Assets are a big part and help for this opportunity. Increasing their lifetime will help a lot in the search for sustainability. To make the change now is better than to do it in a couple of years. The people’s awareness about sustainability is changing towards being more sustainable and buying sustainable products is a huge part of it. If the company does not make the change now, they can be overtaken by their competitors, which can result in loss of market share. The constraints of the report are that it does not focus on the budget part of the change and that it’s not focussed on a specific sector. Therefore, in the future it would be good to do a research more focussed on a sector or more about the budget, that would be needed for the change