TY - JOUR
T1 - Designed to Last
T2 - Reframing Strategies for Designing Value Propositions that Support Product Longevity in 17 Best Practice Companies
AU - Haase, Louise Møller
AU - Lythje, Line Sand
AU - Jensen, Peter Byrial
PY - 2023/3
Y1 - 2023/3
N2 - The value proposition (VP) is the core element that makes any business model viable. This also applies to circular business models that promote slower consumption cycles and longer active product longevity. However, specific guidelines, strategies and recommendations for designing VPs that can prolong the product lifetime are lacking. Moreover, there is a need for strategies that have proven to work in practice, as research shows several examples of products with new circular VPs that are rejected by the customer when they are implemented. This study explores how 17 best practice companies approached the longevity challenge to create long-term VPs, based on framing and reframing theory from innovation literature. The study results in seven reframing strategies that suggest alternative ways to approach the design of VPs that promote product longevity. Hence, the study contributes with some much-needed input regarding practical and applicable strategies to create superior or unique customer experience that prolong product lifetimes.
AB - The value proposition (VP) is the core element that makes any business model viable. This also applies to circular business models that promote slower consumption cycles and longer active product longevity. However, specific guidelines, strategies and recommendations for designing VPs that can prolong the product lifetime are lacking. Moreover, there is a need for strategies that have proven to work in practice, as research shows several examples of products with new circular VPs that are rejected by the customer when they are implemented. This study explores how 17 best practice companies approached the longevity challenge to create long-term VPs, based on framing and reframing theory from innovation literature. The study results in seven reframing strategies that suggest alternative ways to approach the design of VPs that promote product longevity. Hence, the study contributes with some much-needed input regarding practical and applicable strategies to create superior or unique customer experience that prolong product lifetimes.
KW - Case study
KW - Circular business model innovation
KW - Circular business models
KW - Product lifetime extension
KW - Product longevity
KW - Reframing
KW - Value proposition
UR - http://www.scopus.com/inward/record.url?scp=85171293996&partnerID=8YFLogxK
U2 - 10.1007/s43615-022-00244-z
DO - 10.1007/s43615-022-00244-z
M3 - Journal article
SN - 2730-5988
VL - 3
SP - 2009
EP - 2035
JO - Circular Economy and Sustainability
JF - Circular Economy and Sustainability
IS - 4
ER -