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 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 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.

scholarly journals NEW INDUSTRIAL BUSINESS MODELS: FROM LINEAR TO CIRCULAR ECONOMY APPROACH

2019 ◽  
Vol 17 (Suppl.1) ◽  
pp. 511-523
Author(s):  
Nikolay Sterev
Keyword(s):  
Business Model ◽  
Circular Economy ◽  
Business Models ◽  
Descriptive Analysis ◽  
Added Value ◽  
Green Technologies ◽  
Total Change ◽  
Starting Position ◽  
New Business ◽  
The Eu

In the growth of the Industry 4.0 transformation the economy has become to changed. Thus, not just the economy regulations are fostered but a new business approach has been arisen: the circular / regenerative economy approach. The EC already reacted as it introduced not just updated Sustainable development indices but a new set of indices: circular economy indices. According to this change of the economic model, the business organizations are fostered to change their business models, especially for the industry. Thus, not just the new regulations have to be introduced to the industrial business model but the total change of the added value of the business as introduction of green technologies or innovations for non-waste production value chains. Aim of the paper: to identify and to analyze the requirements to the business that foster them to change their linear business model to circular one. Methods: descriptive analysis of the Bulgarian economy according to circular economy indices; comparative analyses for identification of main differences between linear and circular economies; induction and deduction of the elements of business models. Results: analysis of the indices of circularity of the Bulgarian economy; analysis of requirements for transition from linear to circular economy; identifying requirements to the business model of a circular economy; systematizing rules / guidelines for transforming the business model of a linear economy into the business model of a circular economy. Conclusions: The indicators of the circular economy can be considered as a part of the harmonization process in the EU. Avoiding from the responsibilities of the circular economy approach by Bulgarian industry leads to moving away from the EU economies. This requires relevant national policies, measures and instruments to promote the transformation of the business model to circular one. The paper aims to present the need of industrial business model change as to analyze the starting position of the Bulgarian industry. Thus, the structure of the paper is following: 1. Introduction to Circular economy indices. 2. Definition of Circular economy approach. 3. Analysis of the Circular economy indices change for Bulgaria. 4. Introduction to business model change from linear to circular one. Conclusions.

System Dynamics Simulation and Adjustment on Coal Resource Utilization Based on Circular Economy

2012 ◽  
Vol 524-527 ◽  
pp. 3190-3201
Author(s):  
Yan Hong Hao ◽  
Ling Mei Wang ◽  
Li Xia Qiu
Keyword(s):  
Sustainable Development ◽  
System Dynamics ◽  
Resource Utilization ◽  
Circular Economy ◽  
Waste Recycling ◽  
Added Value ◽  
Dynamics Simulation ◽  
Utilization Rate ◽  
Recycling Rate ◽  
Coal Resource

Coal resource utilization system, based on circular economy, is an opening, complex and time-varying system. It composes of subsystems such as industry, population, economy and environment etc. Taking the industry subsystem as prime object, this paper builds its system dynamics model adopting the system dynamics method based on full life cycle. The adjustment parameters such as utilization rate of by-product of mining, the proportion of coal use in each industry and waste recycling rate etc. were confirmed. As a case of coal utilization system being designed, thirteen development projects belong to two types of scenarios were run on the model. The efficacy coefficient method was applied to analyze the simulation results and determine the comparatively best project of coal resource utilization system for the first time. The results indicate that the C4 among them are the best project comparatively, its waste emission is the least, and the benefits of economy, environment and society are the maximum. Research shows that extending industrial chain, increasing production proportion of high added-value product and raising waste recycling rate are beneficial to decrease coal-mining quantity for unit output value, protect coal resource and achieve sustainable development, namely that adopting circular economy development pattern is undoubtedly worthy of advocating for sustainable development of economy, environment and society.

I Play, I Pay?

2012 ◽  
Vol 4 (1) ◽  
pp. 19-31 ◽  
Author(s):  
Bo Han
Keyword(s):  
Willingness To Pay ◽  
Success Factors ◽  
Business Models ◽  
Economic Value ◽  
Model Development ◽  
Critical Factor ◽  
Influential Factors ◽  
Perceived Playfulness ◽  
New Business ◽  
Marketing Activities

The user’s willingness to pay has become one of the most important success factors of hedonic social network site new business models and social media marketing activities. In the current study, the author investigates the influential factors of the user’s willingness to pay from the hedonic system use theories and the social capital based view. The author finds that the user’s perceived playfulness, which is considered a critical factor by practitioners, has no significant positive effect on the user’s willingness to pay. Along with other findings, the author has a further discussion on the fun-based business model development. This study provides a theoretical foundation for the future HSNS economic value research and offers several implications to practitioners.

CIRCULAR ECONOMY DRIVEN INNOVATIONS WITHIN BUSINESS MODELS OF RURAL SMEs

2019 ◽  
Vol 6 ◽  
pp. 520 ◽  
Author(s):  
Inga Uvarova ◽  
Dzintra Atstaja ◽  
Alise Vitola
Keyword(s):  
Circular Economy ◽  
Business Models ◽  
Data Gathering ◽  
Primary Data ◽  
Efficient Production ◽  
Theory Approach ◽  
New Business ◽  
Limited Scale ◽  
Grounded Theory Approach

The competitiveness of rural SMEs is low due to economic inefficiency and the lack of innovations. The main challenges faced by rural SMEs are the limited scale, the distance form larger sales markets, R&D and business support institutions, and the lack of innovative spirit. The circular and bio-economies are shaping the rural SMEs towards the environmentally friendly and eco-efficient production, the minimization of the generation of waste and less use of natural resources. This potential of the adoption of new business models within rural SMEs is not fully observed.The aim of this research is to analyse the opportunities of rural SMEs in introducing the innovative business models driven by the circular economy. This research explores the innovative business models of rural SMEs that transform the environmental challenges in business opportunities and keep a balance with the growing consumption needs. The results of the research are of both theoretical and practical value, providing recommendations for facilitation of innovative business models within rural SMEs. The research methods: desk research, statistical analysis, a grounded theory approach, case study, primary data gathering through seven focus groups with more than 200 stakeholders from six European countries.  

scholarly journals Circular Economy Model: Insights from a Case Study in South Italy

2020 ◽  
Vol 12 (8) ◽  
pp. 3466 ◽  
Author(s):  
Nadia Palmieri ◽  
Alessandro Suardi ◽  
Vincenzo Alfano ◽  
Luigi Pari
Keyword(s):  
Power Plant ◽  
Environmental Sustainability ◽  
Circular Economy ◽  
Business Models ◽  
Ghg Emissions ◽  
Value Added ◽  
Economic Evaluations ◽  
South Italy ◽  
New Business

This study aims to analyze the economic and environmental sustainability of a case study of an energy power plant that produces electricity from pruning residues of olive groves from nine municipalities in southern Italy. To assess the economic sustainability of the agro-energetic chain, the profitability and efficiency ratios are calculated. Moreover, the GHG emissions of the agro-energetic pruning supply chain due to both the pruning collection at the field level, and their combustion for energy production at the power plant, are calculated. To put together the environmental and economic evaluations, the ecoefficiency ratio was calculated to measure the value added per 1Mg of GHG emitted into the atmosphere. The findings show the whole agro-energetic chain, namely the power plant and the collection company have both a good return on owner’s equity (ROE) ratio (15.89% and 31.48%, respectively) and ROI ratio (4.34% and 6.14% respectively). Moreover, the power plant’s ecoefficiency ratio (2.64€ per 1Mg of GHG) is slightly lower than harvest firm one (2.91€ per 1Mg of GHG). The findings could be useful to develop new business models based on the circular economy concept. In fact, the business model proposed could push entrepreneurs towards new income opportunities, at the same time, helping local farms and reducing the environmental impacts.

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.

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