Servitized Business Model Innovation for Improved Circular Economy Performance in the Built Environment

This book addresses the urgent need for sustainable practices in property development, particularly within the South African context. It provides an innovative perspective on the transition from traditional Linear Economy Business Models to Circular Economy Business Models through the lens of Servitised Business Model Innovation. It aims to bridge the gap between academic theory and practical implementation, offering insights, strategies, and frameworks for property developers, policymakers, and other stakeholders to effectively adopt and implement circular and servitised approaches in the built environment. The book is structured to address three interconnected objectives: examining the drivers and challenges associated with transitioning to circular economy practices, analysing the critical role of servitised business models in enhancing circular performance, and offering a framework to guide and manage these transitions effectively. It systematically examines the socio-economic, regulatory, and operational complexities faced by property developers and offers actionable solutions tailored to the unique challenges of developing countries. The content is informed by an in-depth qualitative study involving key stakeholders from public and private property development sectors across various management levels, ensuring that the findings are both robust and practical, with takeaways for an international audience. This book addresses the critical need for tools and strategies to enable developers to overcome barriers like financial constraints, policy gaps, and resistance to change, and to achieve sustainable property development goals. It is key reading for all built environment stakeholders, those with an interest in the circular economy, and innovative business models.