scholarly journals Development of Circular Economy: Opportunities and Impediments

2020 ◽  
Vol 12 (1) ◽  
pp. 9-17
Author(s):  
Vania Ivanova
Keyword(s):  
Circular Economy ◽  
Business Models ◽  
Added Value ◽  
Public Authorities ◽  
Slowing Down ◽  
Use Of Resources ◽  
New Business ◽  
Private And Public ◽  
Analytical Research ◽  
New Business Models

The objective of this paper is to outline the potential and outlooks of development of circular economy in Bulgaria, as well as demonstrate the need for adequate measures on part of public authorities to encourage this change. The research is based on a primary survey of Bulgarian employers’ attitudes towards pursuing a corporate policy relating to the principles of sustainable development, which was conducted among 400 enterprises. The analysis reveals untapped potential not only with regard to a more efficient use of resources, in both the private and public sectors, but also in terms of underestimating the significance of the issue. The firms could significantly reduce their costs, improve their compatibility and their export potential if they apply new business models and new innovative technologies, which are both resource-efficient and eco-friendly. The research and analytical methods used for the development of the paper involve graphical and table presentation of statistical and empirical data and survey of available legal and analytical research on the topic. The conclusions reached reveal a number of obstacles slowing down the transition to a real circular economy model.  That would require speeding up the reform in the eco-fiscal and innovative government policies.  The paper’s added value lies not only in the analytical examination of the issues, but above all in deriving recommendations for future actions.

scholarly journals Ouverture de ‘Circular Economy & New Business Models’

2020 ◽  
pp. 1
Author(s):  
Daniela Salvioni ◽  
Silvio Brondoni
Keyword(s):  
Civil Society ◽  
Competitive Advantage ◽  
Circular Economy ◽  
Business Models ◽  
Raw Materials ◽  
Public Authorities ◽  
Policy Makers ◽  
New Business ◽  
Global Corporations ◽  
New Business Models

Circular economy business models essentially fall into two main groups: (1) models focused on reorienting traditional business, and (2) models that involve creating a new business specifically aimed at recovering resources. The timing and ways of transforming an old business into a circular one could find useful drivers in a systemic approach that involves policy makers and legislators to implement effective regulations and incentives, the financial sector, public authorities and civil society. By converse, big global corporations often develop circular economy within a company’s network. From this perspective, some companies are specifically oriented towards recycling, while other companies belonging to the same group use raw materials obtained from recycling, thus gaining an extensive competitive advantage for all the network’s companies (competitive circular economy).

scholarly journals Configuring New Business Models for Circular Economy through Product–Service Systems

2019 ◽  
Vol 11 (13) ◽  
pp. 3727 ◽  
Author(s):  
Marina P. P. Pieroni ◽  
Tim C. McAloone ◽  
Daniela C. A. Pigosso
Keyword(s):  
Circular Economy ◽  
Customer Value ◽  
Business Models ◽  
Service System ◽  
Service Systems ◽  
Product Service System ◽  
Product Service ◽  
New Business ◽  
Product Service Systems ◽  
New Business Models

Product—service systems (PSSs) are often outlined as potential enablers of new business models for circular economy. However, not all business models based on product-service systems have superior circularity potential. This research demonstrates how the application of a previously developed business model configurator for circular economy can support the design and assessment of customer value, economic and resource decoupling potential for product-service system business models in practice. By applying action research in two Nordic manufacturing companies from the furniture sector, different business model concepts based on product-service systems were proposed and assessed. Results indicate positive uptake by companies regarding the usefulness of the obtained outcomes. This research identified two key findings about ‘product-service system business models for circular economy’: (i) their configuration should fulfil certain simultaneous conditions—i.e. superior customer value, economic growth, and resource decoupling potential—to contribute to circular economy; and (ii) they are often ‘niche solutions’, fulfilling specific needs and customer segments, and more likely to flourish with certain types/characteristic of products, segments or geographical locations. Lastly, a framework outlining the conditions and trade-offs for assessing the circularity potential of business models based on product-service systems is introduced as one of the key contributions.

Going in circles: new business models for efficiency and value

2019 ◽  
Vol 40 (4) ◽  
pp. 36-43 ◽  
Author(s):  
Ana Beatriz Lopes de Sousa Jabbour
Keyword(s):  
Circular Economy ◽  
Design Methodology ◽  
Business Models ◽  
Business Case ◽  
Content Type ◽  
New Business ◽  
Key Issues ◽  
Conceptual Paper ◽  
Multiple Levels ◽  
New Business Models

Purpose This paper aims to explain what managers will want to know about the circular economy by covering some of the key issues and discussing an approach which may help organisations to move towards the circular economy. Design/methodology/approach This is a conceptual paper, which blends theory and hard facts to achieve its aims. Findings This paper presents a framework which uses multiple levels of analysis to explain how organisations can prepare for and implement circular economy practices. Originality/value This paper makes relevant contributions for both academics and practitioners by providing essential practical guidance on the “what”, “how” and “why” of the circular economy, which can help managers to plan and implement a convincing business case for this sustainable approach.

scholarly journals The Intention to Purchase Recycled Products: Towards an Integrative Theoretical Framework

2020 ◽  
Vol 12 (22) ◽  
pp. 9739
Author(s):  
Barbara Bigliardi ◽  
Domenico Campisi ◽  
Giovanna Ferraro ◽  
Serena Filippelli ◽  
Francesco Galati ◽  
...  
Keyword(s):  
Circular Economy ◽  
Purchase Intention ◽  
Business Models ◽  
Theoretical Framework ◽  
Purchase Behavior ◽  
Integrative Framework ◽  
Intention To Purchase ◽  
Behavioral Theories ◽  
New Business ◽  
New Business Models

The growing interest of the scientific literature regarding purchase behavior, circular economy and new business models has generated the need, as well as the opportunity, for a comprehensive review and categorization of the state of the existing research carried out so far. The present study aims at reconciling the wide but fragmented literature dealing with the purchase intention of recycled products. An integrative theoretical framework, able to combine several constructs, perspectives, and theories discussed to date on the topic, is proposed. Such framework represents a further step toward a comprehensive understanding of behavioral theories and constructs, which need to be understood to design effective business models for the circular economy. This effort could be highly valuable both for scholars interested in the topic—as the integrative framework could assist them in theorizing additional effects—and for firms’ managers—who can understand, more in depth, the drivers of the consumers’ purchasing process and act accordingly.

INSURANCE INDUSTRY ACTIVITIES IN THE COVID-19 PANDEMIC CONDITIONS: PROBLEMS AND OPPORTUNITIES

2020 ◽  
Author(s):  
Anatoliy Suprun ◽  
◽  
Oleksandra Bessinna ◽  
Keyword(s):  
Business Models ◽  
Insurance Industry ◽  
The State ◽  
Insurance Costs ◽  
The Future ◽  
New Business ◽  
Private And Public ◽  
Short Time ◽  
New Situation ◽  
New Business Models

Therefore, in the future, the formation of insurance protection against risks similar to COVID-19 is possible only on the private and public partnership platform. Largely, insurers will not take on pandemic risks on their own, but they can significantly improve the process of managing and financing such risks in partnership with the state. The new situation has given new business models for managing insurance services based on digitalization and separate access. There is no doubt now that all the achievements in the management of insurance services, which were carried out in a short time during the pandemic, will be used in the future and will be further developed. These models will be able to significantly reduce insurance costs in the future, and this is the main positive of the situation in connection with the COVID-19 coronavirus pandemic.

scholarly journals The Stakeholders’ Perspective within the B Corp Certification for a Circular Approach

2019 ◽  
Vol 11 (6) ◽  
pp. 1584 ◽  
Author(s):  
Stefano Poponi ◽  
Andrea Colantoni ◽  
Sirio Cividino ◽  
Enrico Mosconi
Keyword(s):  
Circular Economy ◽  
Financial Incentives ◽  
Business Models ◽  
Critical Factor ◽  
Waste Recycling ◽  
Added Value ◽  
Benefit Corporation ◽  
New Business ◽  
Awareness Raising ◽  
Tax Benefits

A circular economy has been gaining momentum as the most innovative approach in business. Its proposed model, based on sustainability and new product-driven differentiated strategies of production and organizational exchange, has brought to light the need to better understand the relevance of stakeholders as a critical factor in the creation of new added value in business management. The primary purpose of this paper is to investigate how the B-Corp Certification System could contribute to a process of awareness raising in business organizations. It also focuses on the stakeholders’ commitment, within the framework of circular economy principles, and demonstrates that those companies who are adopting the certification concerning “recycling service and waste management” strongly contribute to the development in the direction of the circular economy. The analysis of the case studies shows two possible scenarios describing the circular approach in business and the different roles of stakeholders in the activation of such a virtuous path. “Social recycling” considers the key role of social participation and contribution in circular-economy related activities of primary and secondary stakeholders, and “highly regenerative recycling” aims to involve qualified stakeholders to start inter-organizational symbioses within the circular process of waste recycling. Key factors, such as industrial symbiosis, tax benefits, financial incentives, legislative harmonization, and the consumers’ behavior, represent the tenets of the circular economy model An awareness-raising perspective and the capacity on the part of companies to understand the relevance of stakeholders and the way to transform their role into the most effective lever to reinforce competitiveness is therefore necessary. Accordingly, the whole system of Benefit Corporation certification could boost business towards new business models involving stakeholders in several directions.

scholarly journals Circular economy is Ukraine: adaptation of European experience

2021 ◽  
Vol 2021 (1) ◽  
pp. 212-222
Author(s):  
Maryana Ruda ◽  
◽  
Tetiana Yaremchuk ◽  
Maryana Bortnikova ◽  
◽  
...  
Keyword(s):  
Waste Management ◽  
Circular Economy ◽  
Business Models ◽  
Public Procurement ◽  
Sustainable Consumption ◽  
Sustainable Use ◽  
Environmentally Friendly ◽  
Waste Recycling ◽  
Added Value ◽  
Use Of Resources

The article examines the development of the circular economy in Ukraine, as well as the prospects of implementation of the experience of leading EU countries in the field of circular economy in Ukraine. The relevance of the study is that for now in Ukraine very few steps have been taken towards a circular economy, although everyone understands its importance. First of all, the meaning of the circular economy is revealed and the main advantages of its implementation in Ukraine are determined. The advantages of the transition to a circular economy are as follows: significant material savings, sustainable use of resources, stimulating innovations, the ability to meet the needs of the ever-growing population of the Earth, economic growth, and income. The circular or closed-loop economy involves the recovery, reuse, and rational use of resources and, through services and smart solutions, leads to added value. The state of resource management in Ukraine and the EU, in particular waste management, is analyzed. It is established that in the field of waste management Ukraine lags far behind developed European countries. Today, huge amounts of waste have accumulated in Ukraine, and currently, there is no developed infrastructure to decide this problem, and landfills themselves have become sources of great environmental danger. The new EU policy and the policy of Ukraine in the field of circular economy are analyzed. Taking into account the best European practices, recommendations are given to Ukraine on the transition from a traditional, linear economy to a circular economy. The main ones are as follows: it is necessary to change the structure of public procurement and focus on environmentally friendly types of production; it is necessary to accelerate the transition of Ukraine from the traditional model of public procurement to the concept of “green” procurement; it is necessary to develop an effective legislative and regulatory framework for the functioning of the circular economy; it is necessary to move to more efficient business models (such as ecodesign, repair, reuse, recovery and exchange of products and maximum prevention of waste generation) and stimulate the development of environmentally friendly technologies; it is expedient to develop programs of financing of projects in the field of circular economy; it is necessary to promote better awareness of consumers about the concept of “circular” economy, environmental “footprint” of goods and services, as well as sustainable consumption; it is necessary to change the method of production and consumption of goods from short-term to long-term, as well as to encourage the economy, businesses and consumers to maximize waste recycling. It is also established that in general, Ukraine’s policy in the field of circular economy should be formed and implemented at all three levels: national, regional, and global. However, each of us can begin to change in the direction of a circular economy (for example, through conscious consumption and resource conservation). It is also important to realize the importance of sorting garbage because its removal to landfills and finding new ones is not the best solution. Garbage needs to be recycled, and this can only be done if it is sorted.

Web-Based Organizing in Traditional Brick-and-Mortar Companies

2005 ◽  
pp. 1-30 ◽  
Author(s):  
Jaap Paauwe ◽  
Elaine Farndale ◽  
Roger Williams
Keyword(s):  
Business Models ◽  
Added Value ◽  
The Internet ◽  
Web Based ◽  
Brick And Mortar ◽  
New Business ◽  
New Challenges ◽  
Old Economy ◽  
Business To Business ◽  
New Business Models

This chapter introduces the notion of how old-economy brick-and-mortar firms are adapting their HRM policies and practices and the roles of their HR departments in light of newly introduced Web-based business-to-business transaction practices. It argues that the Internet has introduced three new business models in old-economy companies: the Internet as a marketplace, the Internet as a supply chain integrator, and the Internet as a catalyst for business model redefinition. These innovative ways of organizing are providing HR with opportunities to rise to new challenges and increase their added value to the firm.

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