Business management perspectives on the circular economy: Present state and future directions

Technological Forecasting and Social Change, Journal Year: 2022, Volume and Issue: 187, P. 122182 - 122182

Published: Dec. 9, 2022

Abstract Circular economy (CE) is an economic model designed to substitute the take-make-dispose linear with a regenerative system. Business management has critical role in translating CE into practice. Extant research on CE, while expanding rapidly, remains fragmented and lacks holistic perspective. Through bibliographic coupling, technique that identifies emergent trends rather than past traditions literature, we analyse current state of business develop agenda for future research. Six streams emerge: strategy, learning innovation, consumer behaviour remanufacturing, supply chains implementation, circular models, industrial symbiosis, emerging technologies. content analysis explore gaps, providing more comprehensive overview prior studies. Moreover, identify promising paths research, focused around three overarching questions provide platform accelerate impact adoption proliferation practices future.

Language: Английский

---

Exploring circular economy in the cosmetic industry: Insights from a literature review

Environmental Impact Assessment Review, Journal Year: 2024, Volume and Issue: 105, P. 107443 - 107443

Published: Feb. 4, 2024

Cosmetic industry is one important sector in the global economy and expected to grow next years. The need achieve Sustainable Development (SD) growing as well, cosmetic companies are looking for innovative sustainable solutions aimed at reducing their negative environmental, economic social impacts. interest this field also regards scientific community which investigates proposes Circular Economy (CE) a paradigm could support transition towards future. In context, study aims analyze, through bibliometric systematic literature review, state of art CE by exploring academic studies from different perspectives, such object proposed solutions, research methods applied, 4Rs principles inspiring practices. addition, link between circular practices sustainability investigated. analysis permits classify into four categories: input valorization, packaging solution, output governance management. main results show that highest attention focused on valorization formulation products. regard, agri-food chemical sectors emerges due high number waste by-products. On other hand, options less investigated among community. Finally, category management highlights importance strategies not only production phase, but organizational level, example proposing specific business models. highlight existence circularity concept, specifically focusing environmental dimension.

Language: Английский

---

A Novel Axial-Distance-Based Aggregated Measurement (ADAM) Method for the Evaluation of Agri-Food Circular-Economy-Based Business Models

Mathematics, Journal Year: 2023, Volume and Issue: 11(6), P. 1334 - 1334

Published: March 9, 2023

Multicriteria decision making (MCDM) is a field that helps makers evaluate alternatives based on multiple criteria and encompasses scoring, distance-based, pairwise comparison, outranking methods. Recent developments have aimed to solve specific problems overcoming the limitations of previous This paper proposes new axial-distance-based aggregated measurement (ADAM) method, which used in combination with best-worst method (BWM) agri-food circular economy (CE)-based business models (BMs) create more sustainable efficient system for producing consuming food. nine BMs, were evaluated against eight criteria. The BWM was obtain weights, while ADAM final ranking BMs. results indicate supply chain BM can bring companies most significant progress strengthen their position market. We concluded effective solving MCDM that, overall, model an tool problem defined this study. main contributions are development hybrid model, establishment framework evaluation selection CE-based identification important ones.

Language: Английский

---

Open strategy and dynamic capabilities: A framework for circular economy business models research

Business Strategy and the Environment, Journal Year: 2023, Volume and Issue: 32(7), P. 4861 - 4873

Published: Feb. 24, 2023

Abstract The circular economy has attracted the interest of business leaders, policy makers and academics alike for its potential to contribute a more resilient, prosperous resource‐efficient economy. transition towards requires new models that challenge linear logic value creation is still endemic across most industries. In turn, from involves rethinking strategic decision‐making processes development organisational capabilities. This paper addresses these important implications emergence implementation models. Coupling with open strategy dynamic capabilities, we develop “three‐pronged” framework advances emerging field model research. Our contribution crystallised into series propositions future research questions scholars working at intersection literature.

Language: Английский

---

The consumer purchase intention toward hybrid electric car: A utilitarian-hedonic attitude approach

Frontiers in Environmental Science, Journal Year: 2023, Volume and Issue: 11

Published: Feb. 10, 2023

Environmental conditions are rapidly changing with every passing day worldwide. Degradation of ecological hurts human health. Carbon emission severely destroys greenhouse gases, CO 2 is generated from different sectors, but the major portion transport sector. This environmental deterioration stimulates academicians and practitioners to study consumption behaviour. Protecting environment by reducing carbon emissions a shared responsibility. In current era, world shifting conventional vehicles electric or hybrid control emissions. examines factors in predicting consumers’ purchase intention toward cars through S-O-R model theory values (functional non-functional values). will help academics policymakers expand penetration this new favourable green technology terms protecting environment. For our study, we collected data three big cities Punjab, i.e., (Multan, Sahiwal, Lahore). 500 questionnaires were distributed, which 245 returned. first step, provide detailed information about demographic variables. The structural equation (SEM) used for evaluating impact identified constructs. results conclude that functional (except conditional value) social value responsibility) positively influence consumer’s attitude adopt vehicles. reasons behind implications discussed. Furthermore, directions future research have also been suggested.

Language: Английский

---

How do companies adopt open innovation to enable circular economy? Insights from a qualitative meta‐analysis of case studies

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: 33(7), P. 6852 - 6868

Published: June 18, 2024

Abstract Open innovation (OI) is a pivotal driver in fostering the practical implementation of circular economy (CE). Based on 42 case studies identified through systematic search, present study seeks to understand how OI strategies are currently integrated within companies' business models (CBMs). The content analysis cases, interpreted strategy matrix, emphasises prevalent inclination among companies towards collaborative and network‐based strategies. These exhibit high depth breadth knowledge indicating tendency engage with numerous sources deep partnership. Moreover, findings underscore that tend favour rooted search rather than developing CBMs. In addition contributing existing CE knowledge, this offer empirical insights for managers, practitioners policymakers, aiming effectively integrate into

Language: Английский

---

A Systematic Literature Review on the Transition to Circular Business Models for Small and Medium-Sized Enterprises (SMEs)

Sustainability, Journal Year: 2023, Volume and Issue: 15(12), P. 9352 - 9352

Published: June 9, 2023

The transition of a business to circular model (CBM) calls for significant and ongoing shifts in different management models strategies. However, there is lack research focused on the technological, financial, societal, institutional influences CBM small and/or medium-sized enterprises (SMEs). To address this gap, our study develops theoretical framework towards CBM. We conducted systematic literature review with objective determining relationships among CBMs. Following this, we then established conceptual that comprises these four key plan context an innovative focus value proposition, creation, delivery. An illustrative case example manufacturing industry was presented as well. proposed designed lead shift economy-oriented aim promote sustainability business. In addition, uncovered several potential avenues further investigation. expect both contribute expansion existing body field provide practitioners guidelines CBMs’ SMEs.

Language: Английский

---

Competitive strategy and circular economy practice implementation toward corporate sustainability performance

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: 33(6), P. 5284 - 5302

Published: April 1, 2024

Abstract The impact of competitive strategy on corporate sustainability and the role circular economy (CE) practices remains scanty in extant literature. This study therefore examines mediating CE relationship between performance. Drawing natural resource‐based view (NRBV) theory institutional logics (IL) theory, this explores a framework that introduces as an antecedent variable advancing performance among firms developing economy. Using data obtained through survey 380 Ghana, results revealed has positive statistically significant with Additionally, mediate association sustainability. Our research extends frontiers literature by combining IL NRBV theories to explain how influences via practices.

Language: Английский

---

The Role of Consumers in Business Model Innovations for a Sustainable Circular Bioeconomy

Sustainability, Journal Year: 2023, Volume and Issue: 15(12), P. 9573 - 9573

Published: June 14, 2023

Over the last decade, various governments and supranational bodies have promoted development of a circular bioeconomy (CBE) as response to sustainability challenges. The transition towards CBE requires collaboration different actors in innovation (eco)system. With this conceptual paper, we apply business model lens address research question: “What are archetypical roles consumers innovations for sustainable CBE?” We use combination complementary theories from economy literature, evolutionary economics, transitions research, work on active consumers. Considering consumers’ agency continuum between manufacturer-active paradigm consumer-active paradigm, propose: (i) can actively influence models with their purchase decision; (ii) act lobbyists influencers innovation; (iii) customer, user, repairer, reseller, incentivize organizations adapt needs; (iv) become key partners process defining normative orientation CBE; (v) co-create value by means co-ownership (e.g., through platform cooperatives).

Language: Английский

---

Start-ups and entrepreneurial ecosystems in the circular economy: A multi-level approach for safe and just planetary boundaries

International Small Business Journal Researching Entrepreneurship, Journal Year: 2024, Volume and Issue: 42(4), P. 416 - 445

Published: June 1, 2024

A circular economy (CE) addresses the shift in economic systems from an unsustainable linear approach to a sustainable through start-ups and entrepreneurial ecosystems (EE). single level of focus on CE research limits understanding mechanisms fostering transition towards CE. We conduct systematic review macro–meso–micro interconnections between EE using bibliometric content analyses scope literature without time boundaries. This exercise led 90 articles Web Science Scopus databases. contribute entrepreneurship by building integrative multi-level framework linked just safe planetary boundaries bridging macro-level explanations (public policies, regulations infrastructure) meso-level (circular supply chains ecosystems) micro-level business models). The highlights social environmental sustainability challenges, close-loop production patterns.

Language: Английский

---