From circular economy to open innovation in the Ecuadorian business sector. Proposal of a model for its realization

Abstract

The objective of the presented work is to 'develop a model that facilitates complementarity between Circular Economy and Open Innovation from a sustainability perspective, reflected in the economic improvement and eco-efficiency of companies.' This is based on the need to find tools that enable complementarity between both approaches, aiming to achieve a better response in business performance from a sustainability perspective. To address this objective, both theoretical and empirical methods were used, including Modeling within the latter. The main result obtained is an open, flexible, and dynamic model that emphasizes Continuous Improvement, Knowledge Management, Technological Surveillance, and Business Plans. It systematically articulates actions of complementarity between Circular Economy and Open Innovation. The model details functions and requirements so that, once implemented, it allows the company in question to achieve economic improvements and eco-efficiency in line with sustainability principles.