Innovating Sustainability: Digital Marketplaces as Catalysts for Circular Economy in Electronic Device Reuse

Authors

DOI:

https://doi.org/10.34190/ecie.19.1.2449

Keywords:

circular economy, electronic devices, digital marketplace, innovation, sustainability

Abstract

This study delves into the synergy between innovation management, the circular economy, and the development of digital marketplaces, with a particular focus on the reuse of electronic devices. It highlights how digitalisation within the circular economy can spur innovation in managing the reuse of electronic gadgets through digital platforms. Drawing on a robust quantitative analysis of data from over 400 Finnish and Baltic companies, this research is pioneering in its holistic integration of these sectors, addressing the critical need for insights into the operational and managerial dynamics of circular economy digital marketplaces. Employing a comprehensive quantitative approach, our investigation uncovered significant insights regarding the perceived opportunities, challenges, and value-added features of these marketplaces for electronic device reuse. Environmental protection, cost savings, and enhanced recycling opportunities were identified as major advantages by participants. However, the study also pointed out significant barriers to effective marketplace operation, including IT system integration, organisational culture challenges, and resource limitations.

 

A noteworthy contribution of this research is its elucidation of the influence of company size on engagement in the circular economy, pinpointing large and micro-enterprises as potential pioneers in this domain. It also sheds light on the business-to-business (B2B) dynamics within digital marketplaces, exploring the interactions among sellers, buyers, and service providers. Our findings underscore digital marketplaces as pivotal enablers for sustainable practices in electronic device reuse, whereas digital platforms may expedite the transition towards a circular economy. This aligns with principles of innovation management by promoting collaboration, minimising waste, and fostering new business models. The conclusion emphasises the digital marketplace not just as a platform for transactions but as a vital ecosystem enabler, providing a wide array of value-added services. It underscores the importance for businesses, especially in the electronics sector, to integrate circular economy principles strategically, leveraging digital marketplaces to achieve sustainability goals while gaining competitive advantages. The research has directly influenced the launch of a pilot digital marketplace for electronic product reuse, showcasing the practical application of its findings. This emphasises the study’s role in advancing innovation management practices by demonstrating the transformative potential of digital marketplaces in promoting circular economy practices.

Author Biographies

Anna Lahtinen, Haaga-Helia University of Applied Sciences, Helsinki

Dr. Anna Lahtinen is senior researcher at Haaga-Helia University of Applied Sciences, Finland. She received her doctoral degree from Grenoble Ecole de Management, France, in 2010. She specializes in the transformative effects of Artificial Intelligence (AI) on work life, businesses, and careers. She spearheads research, development, and innovation projects focused on implementing AI and has assisted over 150 companies and organizations to date in harnessing AI technologies and cultivating the necessary skills. She is the recipient of the “Academic Paper Most Relevant to Entrepreneurs Award” from the United States Association for Small Business and Entrepreneurship.

Pirjo Saaranen, Haaga-Helia University of Applied Sciences, Helsinki

Ms. Pirjo Saaranen holds the position of principal lecturer specializing in quantitative research methods and mathematics at Haaga-Helia University of Applied Sciences. She holds a Licentiate of Philosophy degree (Lic.Phil.) in mathematics from the University of Jyväskylä. With extensive experience as a teacher, thesis advisor, and researcher, she has also contributed as an expert in numerous RDI projects at Haaga-Helia UAS.

Sami Nykter, Haaga-Helia University of Applied Sciences, Helsinki

Mr. Sami Nykter is a project manager in Haaga-Helia University of Applied Sciences. He received a bachelor's degree in computer science from Metropolia Univeristy of Applied sciences and a master's degree in Business Administration from Haaga-Helia University of Applied Sciences. He is actively developing and working on projects aiming to improve sustainability and business management.

Downloads

Published

2024-09-20