Smart city and business model with a focus on platform and circular economy

Abstract

City development is related with the evolution of social, economic, technological process. City itself has been paid attention to job creations since emerging the Smart cities. Smart city seems to be the convergent point for all process. Business model must be adaptive over times in response to changing the markets, technologies, environmental, and economic circumstance. For companies, being increasingly scarce in resources business model is becoming business constraints. Under the circular economy the principles of a new approach to business modelling is necessary. Limited exploitation of the resource in earth planet forces firms to change their business model. The aim of this paper is to suggest pertinent business model in circular economy. To fulfill it, a qualitative methodology is used. Cost and convenience for both firms and consumers are the key critical factors to be channeled in the new business model for innovation to achieve the greening and efficiency objectives.