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Erschienen in:
2018 | OriginalPaper | Buchkapitel
18. General-Purpose Technologies as the Basis for Transformation
verfasst von : Mats Larsson
Erschienen in: Circular Business Models
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Abstract
Larsson argues that general-purpose technologies have played an important part in the development of the present affluent society. Technologies tend to be expensive as they are invented, but decrease in terms of production cost and price. Over time, technologies gradually decline in cost and price so that they can be used for a multitude of purposes. In order to transform business to circular flows, the technologies and business models have to give rise to a number of general-purpose technologies that help circular offerings permeate the entire economy. It is also discussed that organizations sometimes give rise to unexpected and seemingly irrational patterns of behaviour and decision making, a fact that may make it difficult for decision makers to make rational decisions from the perspective of the society overall.