scholarly journals A Circular Economy: Where Will It Take Us?

2021 ◽  
Author(s):  
Jim Hart ◽  
Francesco Pomponi
Keyword(s):  
Circular Economy ◽  
Global Economy ◽  
Social Impact ◽  
Sharing Economy ◽  
Economic Benefits ◽  
Wealth Accumulation ◽  
Definitive Evidence ◽  
Gig Economy ◽  
Environmental Objectives ◽  
Environmental Goals

AbstractThe avalanche of environmental challenges, from local to global and back, has prompted responses at all levels from personal to inter-governmental. The results of these responses have fallen in the range between useful and counterproductive, with many examples on each side, but the scale of the overall challenge continues to escalate. Moving towards a zero-carbon global economy through absolute reductions in fossil fuel usage is a sure way of mitigating climate change, and a range of environmental, social and economic benefits would follow. The case for a Circular Economy (CE), however, is less clear. Whilst some CE initiatives may lead to the decoupling of economic growth from resource extraction, this does not necessarily equate to reducing the rate of extraction. Thus, the contribution of CE to the achievement of environmental objectives globally cannot be taken for granted. In terms of social impact, the best that can be said is that CE might be neutral. Technologies that promote the ‘sharing economy’ for instance, often suggested as a crucial CE strategy, create opportunities for individual wealth accumulation, but are also a route to the gig economy and the casualisation of labour. CE is arguably a business imperative, but definitive evidence to support the idea of a circular economy that meets social and environmental goals needs development.

scholarly journals The concept and competitiveness of agile organization in the fourth industrial revolution's drift

2020 ◽  
Vol 25 (3) ◽  
pp. 14-27
Author(s):  
Katalin Balog
Keyword(s):  
Global Economy ◽  
Industrial Revolution ◽  
Sharing Economy ◽  
Corporate Structure ◽  
Effective Work ◽  
Gig Economy ◽  
Traditional Organization ◽  
Advanced Robotics ◽  
Self Driving Cars ◽  
Business Influence

Corporate competitiveness is constantly being shaped by the Fourth Industrial Revolution, the explosive development of technology, the globalization and the hyper-competition. The VUCA status has now become a permanent reality: volatility and complexity cannot be traced to traditional corporate operations. The Industry 4.0 projects a physical, a digital and a biological megatrend such as advanced robotics, artificial intelligence, new materials, personalized healing, self-driving cars. Through usage of the resources and knowledge sharing, the global economy is experiencing mutations such as the sharing economy, the peer to peer economy, the gig economy in the labor market and the Big Data in planning. Meanwhile, the disruptive innovations are transforming industries and gaining exponentially competitive advantage. The special business concepts were born and whom cannot be handled by models of classic macro and micro economics: the largest taxi company in the world does not own any taxicab (Uber), the largest accommodation company does not own any property (Airbnb), the largest telecommunication company has no infrastructure (Skype), the world's most valuable retailer has no inventory (Alibaba), the most popular media doesn't create its own content (Facebook), the world's largest cinema doesn't have its own movie (Netflix). In the meantime, those are treasuring huge profits, business influence and information capital. The competitiveness of their agile way of working can be proved. These call for changes not only in the market, but also in organizational and individual terms. An adaptive corporate structure and leadership, a self-organizing group, an agile working method hold companies in the direction of growing track and changes in the future. My research about discovering some aspects of agile way of working versus traditional organization work. My hypothesis is that employees are more motivated, effective and committed in an agile team than in a classic hierarchy or matrix. I added own business and project-based worker as their flexible, effective work is a must. My hypotheses are partially fulfilled.

Global challenges to functioning of precious gemstones market

2019 ◽  
pp. 15-19
Author(s):  
Maryna Khmara
Keyword(s):  
Social Impact ◽  
Negative Impact ◽  
Economic Benefits ◽  
Small Enterprises ◽  
Ecological Responsibility ◽  
Global Challenges ◽  
Production And Consumption ◽  
Managerial Strategies ◽  
The Impact ◽  
Complicated Nature

The peculiarities of gemstone market functioning under the impact of globalization are examined. Modern condition of financial stabilization in world is defined and main features of gemstones are outlined. Negative impact of illegal market on socio-economic development of countries, namely on revenues to the country’s budget from the business, is revealed. The importance of the problem of transferring most of gemstones processing operations beyond the countries of production is emphasized. Poor public control over the circulation of precious stones is proven. The challenges are substantiated to be aggravating under the impact of globalization. The diamonds market, which has peculiar high demand, is analyzed: diamonds and derivatives account for 85% of global turnover. Application of managerial strategies for gemstones market to efficiently use resources is defined to be complicated by the fact that managerial strategies impact the high cost of product items and its variability; unique features; intangible qualities; complicated processing. More environmentally friendly production and social responsibility are confirmed to have impact on forming of demand on gemstones. Investment attractiveness of gemstones, except for diamonds, is proven to be low. Condition of production and consumption of diamonds is analyzed. Development condition of the market segment – non-diamonds gemstones – is shown. The activity of small enterprises and households engaged in gemstones production is confirmed to be characterized by chaotic and complicated nature of broker networks, leading to aggravated global challenges. The paper defines that expansion of spectrum and emergence of new opportunities for illegal activity, reduced income and loss of other types of economic benefits, growing negative ecological and social impact, growing exploitation of workers at illegal enterprises remain to be the global challenges of gemstones market functioning. The author suggests increasing of social and ecological responsibility of business, strengthening of the state regulating functions and promotion of gemstones market legalization in order to reduce the challenges.

scholarly journals Mapping the Sharing Economy in China

2020 ◽  
Vol 12 (16) ◽  
pp. 6333
Author(s):  
Chan Liu ◽  
Raymond K. H. Chan ◽  
Maofu Wang ◽  
Zhe Yang
Keyword(s):  
Global Economy ◽  
Rapid Development ◽  
Sharing Economy ◽  
Essential Elements ◽  
Mobile Internet ◽  
Internet Technology ◽  
Short Term ◽  
Bona Fide ◽  
The Government ◽  
Idle Capacity

Harnessing the rapid development of mobile internet technology, the sharing economy has experienced unprecedented growth in the global economy, especially in China. Likely due to its increasing popularity, more and more businesses have adopted this label in China. There is a concern as to the essential meaning of the sharing economy. As it is difficult to have a universally accepted definition, we aim to map the sharing economy and demystify the use of it in China in this paper. We propose seven organizing essential elements of the sharing economy: access use rights instead of ownership, idle capacity, short term, peer-to-peer, Internet platforms mediated, for monetary profit, and shared value orientation. By satisfying all or only parts of these elements, we propose one typology of sharing economy, and to differentiate bona fide sharing economy from quasi- and pseudo-sharing economy. Finally, there are still many problems that need to be solved urgently in the real sharing economy from the perspective of the government, companies and individuals.

scholarly journals Integration of Digital Economy and Circular Economy: Current Status and Future Directions

2021 ◽  
Vol 13 (13) ◽  
pp. 7217
Author(s):  
Zhen Liu ◽  
Jing Liu ◽  
Mohamed Osmani
Keyword(s):  
Circular Economy ◽  
Digital Technology ◽  
Global Economy ◽  
Digital Economy ◽  
Research Field ◽  
Research Progress ◽  
Current Status ◽  
Future Research ◽  
Disruptive Effect ◽  
The European Union

Circular economy (CE) is a concept actively advocated by the European Union (EU), China, Japan, and the United Kingdom. At present, CE is considered to grant the most traction for companies to achieve sustainable development. However, CE is still rarely adopted by enterprises. As the backbone of the fourth industrial revolution, the digital economy (DE) is considered to have a disruptive effect. Studies have shown that digital technology has great potential in promoting the development of CE. Especially during the COVID-19 epidemic that has severely negatively affected the global economy, environment, and society, CE and DE are receiving high attention from policy makers, practitioners, and scholars around the world. However, the integration of CE and digital technology is a small and rapidly developing research field that is still in its infancy. Although there is a large amount of research in the fields of CE and DE, respectively, there are few studies that look into integrating these two fields. Therefore, the purpose of this paper is to explore the research progress and trends of the integration of CE and DE, and provide an overview for future research. This paper adopts a bibliometric research method, employs the Web of Science database as its literature source, and uses VOSviewer visual software to carry out keyword co-occurrence analysis, which focuses on publication trends, journal sources, keyword visualization, multidisciplinary areas, life cycle stages, and application fields.

scholarly journals Uncovering the Providers’ Continuance Intention of Participation in the Sharing Economy: A Moderated Mediation Model

2021 ◽  
Vol 13 (9) ◽  
pp. 5095
Author(s):  
Jiang Jiang ◽  
Rui Feng ◽  
Eldon Y. Li
Keyword(s):  
Sharing Economy ◽  
Economic Benefits ◽  
Peer To Peer ◽  
Partial Least Square ◽  
Least Square ◽  
Mediating Effect ◽  
Utilization Efficiency ◽  
Continuance Intention ◽  
Hedonic Value ◽  
Ride Sharing

The sharing economy has evolved into a promising business concept that enables individuals to share their idle resources, improving resource utilization efficiency commercially. Recently, it has gained enormous academic attention. However, little concern has been given to the behavior of individual providers on the supply side. This paper aims to uncover the motivational and trust-based providers’ continuance intention of participation in the context of peer-to-peer ride-sharing services. Based on the survey data from 202 providers and the partial least-square analysis, we confirm the mediating effect of attitude in the relationships between participation continuance intention; trust; and three motivational dimensions: economic benefits, social–hedonic value, and sustainability. We further confirm the moderating effects of innovativeness using PROCESS. The results show that economic benefits, social–hedonic value, and sustainability significantly affect providers’ participation continuance intention. Moreover, attitudes toward the sharing economy play a complementary partial-mediating role in the relationships from economic benefits and social–hedonic value to participation continuance intention, which is negatively moderated by innovativeness. Trust does not significantly affect providers’ attitude toward the sharing economy and participation continuance intention in the peer-to-peer ride-sharing context.

scholarly journals A STRATEGIC FRAMEWORK FOR A LEISURE SERVICES BUSINESS MODEL IN THE SHARING ECONOMY

2021 ◽  
Author(s):  
Biruta Svagzdiene ◽  
Edmundas Jasinskas ◽  
Arturas Simanavicius
Keyword(s):  
Economic Crisis ◽  
Business Model ◽  
Sharing Economy ◽  
Economic Benefits ◽  
Attractive Alternative ◽  
Strategic Framework ◽  
Tourist Destinations ◽  
Leisure Services ◽  
Global Economic Crisis ◽  
Low Costs

The sharing economy is an attractive alternative for consumers due to its economic benefits (low costs), which was seen as an important practice after the global economic crisis the growing business model presents opportunities and challenges for leisure and hospitality businesses and tourist destinations.

scholarly journals Circular cities: Analyzing bottom-up initiatives for making Amsterdam more circular

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Evgeniya Elkina ◽  
Keyword(s):  
Circular Economy ◽  
Behavioral Change ◽  
Social Impact ◽  
Public Awareness ◽  
Economic Value ◽  
Local Scale ◽  
Survey Method ◽  
Bottom Up ◽  
Efficient Resource

Circular economy is becoming ever more widespread sustainable concept for promoting efficient resource usage; Amsterdam is one of the first cities to implement this approach to solve waste management problems. While the circular transition is mostly examined from a top-down perspective, the role of bottom-up initiatives is often left unstudied. This article determines the contribution of bottom-up initiatives to Amsterdam’s circular transition by assessing their environmental, economic, social impact together with their commitment to circularity. The study utilizes the survey method followed by a statistical analysis to investigate the influence of such initiatives on public awareness, involvement, and behavioral change. The content analysis of initiatives’ official documentation and news articles allows revealing the environmental and economic impact and analyzing initiatives’ commitment to circularity. The results communicate that bottom-up initiatives mostly create an economic value and positively affect citizens’ involvement. However, the environmental impact, the influence on public awareness and partly on behavioral change is insignificant due to their small local scale and inconsistency between the declared and actual priorities. Such initiatives might still serve as trendsetters thereby indirectly tackling waste problem and facilitating Amsterdam’s circular transition.

scholarly journals Employees, workers and the ‘sharing economy’ Changing practices and changing concepts in The United Kingdom

2017 ◽  
Vol 6 (1-2) ◽  
pp. 16 ◽  
Author(s):  
Mark Freedland ◽  
Jeremias Prassl
Keyword(s):  
United Kingdom ◽  
Sharing Economy ◽  
Work Relations ◽  
High Profile ◽  
On Demand ◽  
The United Kingdom ◽  
Gig Economy ◽  
Starting Point ◽  
Changing Practices ◽  
Employment Rights

Abstract: Recent years have seen a radical shift in the practice and profile of the labour economy in the United Kingdom consisting in the considerable growth of the so-called ‘Sharing Economy’ or ‘Gig Economy’, better identified as the ‘On-demand Economy’. From that starting point, it is argued that a corresponding change seems to have occurred in the set of concepts which the labour/ employment law of the United Kingdom uses to analyse and to characterize the work relations and work contracts which are created, made, and operated within this rapidly growing sector of the labour market. Two recent high-profile Employment Tribunal decisions in the Uber and Citysprint cases, and a decision of the Court of Appeal in this same area in the Pimlico Plumbers case have served to confirm the legislative creation of a third intermediate category of ‘workers’ who benefit from a set of employment rights which is more limited than that enjoyed by employees but which is nevertheless very important. This crystallization of labour law’s newly tripartite taxonomy of work relations has occurred very largely in the context of the on-demand economy, and is beneficial to those located in that sector. This is, however, a rather fragile conceptual structure.Keywords: employees, workers, ‘sharing economy’, ‘on-demand economy’, recent cases in UK.

scholarly journals The Circular Economy

2019 ◽  
Vol 1 (1) ◽  
pp. 298-309 ◽  
Author(s):  
José G. Vargas-Hernández ◽  
Marlene De Jesús Morales Medrano
Keyword(s):  
Strategic Management ◽  
Competitive Advantage ◽  
Circular Economy ◽  
Social Impact ◽  
Point Of View ◽  
Economy Model ◽  
Operational Level ◽  
Resources And Capabilities ◽  
The Right

The purpose of this document is to analyze the Circular Economy (CE) model from the point of view of the resources and capacities of the organization. How is the application of the Circular Economy model related to Strategic Management? At first glance, it seems that the CE is operating within an operational level with a social impact, but it also has implications that allow us to think that it can be used as an internal resource of the company that, if applied in the right way, can become a competitive advantage, in other words, the application of the CE is related to Strategic Management through the point of view based on resources and capabilities. Therefore, the present investigation has a descriptive-correlational nature, which was analyzed through Peng's VRIO framework.

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