2.1 Introduction and feedback2.1.1 The fastest growing company2.1.2 Introduction2.2 Closing loops2.2.1 What it takes to close loops2.3 Value creation in a circular economy2.3.1 Four types of value creation (1/3)2.3.2 Four types of value creation (2/3)2.3.3 Four types of value creation (3/3)2.4 Case: Philips healthcare2.4.1 The business value of refurbishment (1/3)2.4.3 Refurbishment as a strategic business decision2.4.5 Barriers for refurbishment decision2.5 Business models for a circular economy2.5.1 Overview of business models2.5.3 The challenges of moving to a result-oriented model