2.3.1 Four types of value creation (1/3)
For a business to be successful, it needs to be able to create and capture value.
Dr Erwin van der Laan and David Peck discuss four ways businesses can create value in a circular economy. We return to these four types of value creation in the Philips Healthcare case and in the assignment.
In this video, Erwin van der Laan explains what ‘sourcing value’ is:
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Subtitles (captions) in other languages than provided can be viewed at YouTube. Select your language in the CC-button of YouTube.
- Sourcing value refers to all types of direct cost reductions and savings that can arise from closed loop business practices.
Circular Economy by TU Delft OpenCourseWare is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Based on a work at https://ocw.tudelft.nl/courses/circular-economy/.