A Sustainable Business Model in the Functioning of Enterprises as the Base for Creating Circular Economy

2020 ◽  
pp. 54-81 ◽  
Author(s):  
Elżbieta Lorek ◽  
Agnieszka Lorek
Keyword(s):  
Sustainable Development ◽  
Circular Economy ◽  
Public Awareness ◽  
Sustainable Growth ◽  
Sustainable Business ◽  
Organizational Governance ◽  
European Guidelines ◽  
The Social ◽  
Solution Models ◽  
A Company

Circular economy was the subject of interest for many researchers and is currently an inherent part of the sustainable growth concept. Shifting the economy to circular will require transformations in the field of competence, development, innovations, and organizational governance, as well as public awareness. Circular economy creates opportunities for achieving benefits in the economy (the efficiency of production processes, innovations, power safety) as well as in the social and environmental fields (shaping ecological safety). In the chapter, the authors describe such issues as theoretical foundations of the circular economy concept; European guidelines in the field of circular economy; problems and benefits associated with the implementation of circular economy, in light of compliance with sustainable development principles; business solution models together with the prospects for further sustainable development of a company, based on assumptions and models of circular economy.

scholarly journals A New Concept of Circular Model of Management for Achieving Sustainable Success and Growth

2020 ◽  
pp. 1-17
Author(s):  
Keerthan Raj ◽  
P. S. Aithal
Keyword(s):  
Sustainable Development ◽  
Environmental Economic ◽  
Circular Economy ◽  
Sustainable Growth ◽  
International Institute ◽  
Business Practices ◽  
Base Of The Pyramid ◽  
Sustainable Business ◽  
Circular Model ◽  
Model Of Management

According to the International Institute for Sustainable Development (IISD), sustainable development has been defined in many ways, and it states that: “Sustainable development is a development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” We have seen a lot of focus on sustainable development starting from the initiative of the United Nations which has made all nations focus on Sustainable Goals to be achieved by 2030, to large conglomerates and small business enterprises likewise focussing on sustainable business practices, which if well planned would yield success and growth. In light of the global challenges faced in relation to environmental, economic and social resources sustainable development leading to sustainable success and growth calls for a significant rethinking in the management of resources within the, and external to the organization. In this paper, we propound the furthering of a circular economy concept to management as ‘circular model of management’. Borrowed from the concept of circular economy, a circular economy (as against a linear economy) is an economic system aimed at minimizing waste and making the most of resources. Moving towards a circular economy delivers benefits such as reducing pressure on resources, increases competitiveness, stimulates innovation and boosts growth. This study is developed through extensive work in subsistence communities (base of the pyramid customers) in emerging markets. A circular economy promotes social, environmental, economic and overall restorative and regenerative capabilities, similarly, a circular model of management will as envisaged promote regenerative and restorative capability in the organization which will ensure sustainable growth and success by means of ensuring the reduction of leakage of resources to the minimum and applicability to the maximum.

The Challenges of Sustainable Business Development in the Post-Industrial Society in the First Half of the 21st Century

2018 ◽  
pp. 1-22 ◽  
Author(s):  
Vasja Roblek ◽  
Ivan Erenda ◽  
Maja Meško
Keyword(s):  
Sustainable Development ◽  
21St Century ◽  
Business Models ◽  
Sustainable Growth ◽  
Industrial Society ◽  
Sustainable Business ◽  
The Sustainable Development ◽  
Non Profit ◽  
Post Industrial

The purpose of the chapter is to find out the meaning of the sustainable development in the post-industrial society in the first half of the 21st century. The financial crisis that started in 2008 is an indicator of how short-term profitability mindsets and related strategies, policies and actions of individuals and individual organizations can cause global economic, ecological and ethical crises. These events have contributed to the judgement that most organizations operate on business models that are not sustainable. The conceptual content contributes to the ongoing discussion about the increasingly important role of sustainable development as a major concern for the profit and non-profit sector that wish to develop the policies that will enable low but sustainable growth of society.

scholarly journals Sustainable Development as Freedom: Trends and Opportunities for the Circular Economy in the Human Development Literature

2021 ◽  
Vol 13 (23) ◽  
pp. 13407 ◽  
Author(s):  
Pedro A. B. Lima ◽  
Gessica M. K. Jesus ◽  
Camila R. Ortiz ◽  
Fernanda C. O. Frascareli ◽  
Fernando B. Souza ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Circular Economy ◽  
Social Aspect ◽  
Final Sample ◽  
The Social ◽  
Social Opportunities ◽  
Political Freedoms ◽  
Virtuous Cycle ◽  
Development Literature ◽  
The Capability Approach

This paper identifies, through a literature review, how 53 circular economy (CE) practices are related to the capability approach (CA) proposed by Sen. The main goal was to identify how a virtuous cycle between CE and CA can be developed. Five instrumental freedoms (IF) were analysed: economic facilities, social opportunities, protective security, political freedoms, and transparency guarantees. These relationships were analysed in three flows: CE practices positively impacting IF, CE practices negatively impacting IF, and the feedback influence of IF on CE practices. The results show that 32 of the 53 practices previously mentioned have not yet been studied from the CA context, which indicates that there are several research opportunities. From the practices considered, 72 articles were analysed in the final sample. The results suggest that several CE practices are aligned with the CA, considering that all five IF were identified as positive outcomes of CE practices. However, in some contexts, certain practices can have negative outcomes, which indicates that CE, at least in some cases, may not be considered as sustainable, as it decreases IF and, therefore, the social aspect of sustainability. The results also highlight that there is a feedback from IF to CE, in such a way that investing in the expansion of IF can facilitate the development of CE practices. Therefore, this study concludes that CE is indeed a way to fully operationalize sustainable development.

scholarly journals Social Entrepreneurship Formation in Ukraine in the Context of Sustainable Development

2019 ◽  
Vol 7 (14) ◽  
Author(s):  
Olena Vit. Iarmosh ◽  
Elina Ol. Pasechnik
Keyword(s):  
Sustainable Development ◽  
Social Entrepreneurship ◽  
Social Entrepreneurs ◽  
Charitable Organization ◽  
Social Sphere ◽  
The United Kingdom ◽  
Current Trends ◽  
The Social ◽  
The World ◽  
A Company

The article deals with the general approach to understanding the social entrepreneurship essence, the concept of which, unlike entrepreneurship as a whole, its different types in terms of income and employees, is not defined by law; analysis of various information sources to compare approaches to defining the concept of social entrepreneurship; presents socially active entrepreneurs and public figures who have contributed to the social entrepreneurship development in Ukraine. In order to determine the main features of social entrepreneurship, the articlepoints out its differences from a charitable organization and traditional business by such factors as structure, dependence on external and internal financial sources, types of income and directions of profit distribution, and also analyzes the motives of social entrepreneurs. Special attention s paid to the analysis of economic indicators that characterize the social enterprise development effectiveness in the world. In particular, data from the United Kingdom, Israel and Italy were analyzed, which show significant financial prospects for the countries. The authors found that in Ukraine there are already numerous examples of organizations that support social entrepreneurship. The article describes for the selected organizations their activities and the nature of the social entrepreneurship concept. At the same time, five paradoxes that arose in Ukraine in the field of social entrepreneurship were mentioned as following: the main source of income for working in the social sphere entrepreneurs are grants that are not fundamentally in contact with international practice; the carelessness of entrepreneurs who are not concerned about the future of a company created with borrowed funds; absolute lack of support from the state; lack of interest in state supporting; an excess of laws in the country that contradict each other.According to the results of the research, the authors present obstacles to the concept of social entrepreneurship implementation in Ukraine and the steps needed to stimulate development. Taking into account current trends in the world development, the authors outline the global goals of UN sustainable development, which covers social entrepreneurship as a type of economic activity.

scholarly journals An Innovative Approach to the Implementation of Sustainable Business Ideology in Ukraine

2021 ◽  
Vol 77 (4) ◽  
pp. 48-63
Author(s):  
Borys Burkynskyi ◽  
Natalya Andryeyeva ◽  
Nina Khumarova ◽  
Katyeryna Konstetska
Keyword(s):  
Sustainable Development ◽  
Innovation Policy ◽  
Methodological Approach ◽  
Expert Assessment ◽  
Business Practices ◽  
Sustainable Business ◽  
Business Decision ◽  
Economic Criterion ◽  
The Social ◽  
The Impact

According to the Sustainable Development Goals (UN, 2015), making sustainable business decisions should be the driving force in achieving environmentally-oriented improvements. The key document that supports the 10 principles that ensure SDGs is the United Nations Global Compact Strategy 2021–2023 (UN, 2021). Achieving the goals of the Strategy requires the use of an improved business decision-making model that simultaneously increases revenues and revises the distribution of domestic funds for meeting the principles in the sphere of human rights, economic growth, satisfactory working conditions and the environment, and combating corruption as a key driver of corporate sustainability and responsible business practices. The authors have developed a methodological approach to the assessment of business sustainability, which is based on a combination of elements: analysis of world best practices and trends, determination of the impact of business on the social status and environment, quality assessment of relevant certification, and analysis of compliance with social indexes of sustainable development. The analysis of economic indicators of sustainable business (The B Impact Assessment, 2021) for 2020–2021 allowed singling out companies that finance the environmental sphere. Today, a quarter of the world’s countries carry on sustainable business and finance the environmental degradation impact. The 8 leaders include: France, USA, Brazil, India, Germany, Norway, Ireland and South Korea. Methods of rating and expert assessment constitute an applied aspect of research for identification of prospects of sustainable business formation in Ukraine in the regional context. The result shows that only 8 regions are suitable for sustainable business conduct, while the environmental criterion is more than 9.2 points of 10, the economic criterion does not exceed 5, and the social criterion is 4.02–5.02. Therefore, it is necessary to focus on the organization of sustainable business according to the key strategic state priorities in formation of the mechanisms for the investment and the innovation policy of a sustainable development support system through the use of regulatory tools for reformation of existing business approaches to internationally regulated ones, such as business for nature.

THE NEED TO ENSURE INCLUSIVE ECONOMIC GROWTH OF THE COUNTRY

2021 ◽  
Vol 4 (4) ◽  
pp. 19-25
Author(s):  
Mavluda Askarova ◽  
Keyword(s):  
Sustainable Development ◽  
Growth Index ◽  
Well Being ◽  
Sustainable Growth ◽  
Inclusive Development ◽  
Inclusive Growth ◽  
Real Gdp ◽  
The Social ◽  
The Relationship ◽  
Multidimensional Concept

It is widely recognized that achieving a highly productive economy in the context of sustainable development is one of the urgent tasks of every country. This article identifies the relationship between productive employment and inclusive development. According to the concept of inclusive growth, the well-being of society is a multidimensional concept, the level of which should not be measured only by real GDP and sustainable growth rates of material income of the population. Over time, the inclusive growth index will dominate the system of indicators for assessing economic development of countries, as it includes not only the economic component of sustainable development, but also the social and environmental environment.

scholarly journals Strategies for Adopting Building Information Modeling (BIM) in Sustainable Building Projects—A Case of Malaysia

Buildings ◽  
2021 ◽  
Vol 11 (6) ◽  
pp. 249
Author(s):  
Bilal Manzoor ◽  
Idris Othman ◽  
Syed Shujaa Safdar Gardezi ◽  
Ehsan Harirchian
Keyword(s):  
Sustainable Development ◽  
Building Information Modeling ◽  
Public Awareness ◽  
Group Analysis ◽  
Sustainable Growth ◽  
Information Modeling ◽  
Construction Costs ◽  
Building Projects ◽  
Sustainable Building ◽  
Building Information

In terms of sustainable growth, Malaysia’s construction industry faces significant challenges, such as construction costs and lack of awareness. To meet these challenges, it is essential to integrate building information modeling (BIM) and sustainable development. As a result, this study aimed to establish strategies for adopting BIM in sustainable building projects. A systematic literature review was performed to classify the strategies to accomplish this aim, followed by a questionnaire survey of 129 construction project stakeholders. Mean score and exploratory factor analysis (EFA) were conducted to explore the detailed influence of BIM adoption strategies in sustainable building projects. The results revealed that “workshops, lectures, and conference events are used to enhance public awareness” and “better information on the costs and benefits of sustainable materials” and “strengthened sustainable development” were the most essential strategies to boost sustainable growth in building projects. Furthermore, EFA was conducted to undertake the group analysis, namely, to identify the standardization-related strategy, economic-related strategy, awareness-related strategy, and environment-related strategy. This study paves the way for future scholars, policymakers, and practitioners to investigate the limitations of future studies.

scholarly journals Understanding Public Environmental Awareness and Attitudes toward Circular Economy Transition in Saudi Arabia

2021 ◽  
Vol 13 (18) ◽  
pp. 10157
Author(s):  
Abdulaziz I. Almulhim ◽  
Ismaila Rimi Abubakar
Keyword(s):  
Sustainable Development ◽  
Saudi Arabia ◽  
Circular Economy ◽  
Essential Role ◽  
Public Awareness ◽  
Resource Conservation ◽  
Empirical Literature ◽  
Level Of Education ◽  
The Public

Circular economy (CE) has been globally acknowledged as a national sustainable development (SD) strategy to confront resource shortages and environmental contamination challenges. Although public behaviors and lifestyles play an essential role in achieving sustainability, in developing countries, few studies explored the role of public awareness, attitudes, and lifestyles on CE transition. Thus, it is necessary to elicit public opinion to understand their awareness and attitude regarding CE strategy to determine obstacles to CE implementation and approaches of overcoming them. This study thus focuses on understanding public awareness and attitudes to CE transition in Saudi Arabia. Data were collected through a questionnaire survey distributed to 402 residents of the Dammam Metropolitan Area. The results indicated that the respondents had little understanding of the CE concept due to limited awareness of the topic. However, they held an optimistic attitude towards trash separation and classified their trash as “can be sold”, “reused”, and “exchanged for a new one”. Furthermore, the respondents’ level of awareness regarding the CE transition is positively related to their level of education. In contrast, the inclination towards resource conservation and pro-environmental behavior positively correlates to the age demographic. This paper thus contributes to the empirical literature on CE transition by exploring the public awareness and attitudes towards its implementation in Saudi Arabia.

scholarly journals Linear economy, civil economy and circular economy: education as a catalyst for transition

2021 ◽  
pp. 260-269
Author(s):  
Rosa Indellicato
Keyword(s):  
Sustainable Development ◽  
Cultural Evolution ◽  
Circular Economy ◽  
Ecological Crisis ◽  
Green Economy ◽  
Environmental Damage ◽  
Economy Model ◽  
The Social ◽  
Civil Economy ◽  
The Face

Many people today are raising the issue of sustainable development in the face of the danger of an ecological crisis. The economic, social and cultural evolution poses questions to which each of us is called to respond by reflecting on what are the emergencies of the planet, but at the same time to operate for the protection of health and the reduction of environmental damage. The natural disasters that have occurred in recent years lead us to reflect on the responsibility not only of man, but also the social responsibility of governments. So we ask ourselves: is it possible to achieve a green economy model? A famous economist has already mapped out a path to a non-violent economy, based on a model of accountability. This model states that every discovery must be evaluated by civil society, taking into account the balance between the resources used and the results obtained. To achieve a sustainable green economy, it will be essential to build a biodemocracy in which scientific options are widely supported and accepted.

scholarly journals How Do Social Contribution Value and Ownership Structure Influence Corporate Sustainable Growth in State-Owned Companies in Indonesia?

2021 ◽  
Vol 4 (2) ◽  
pp. 172-190
Author(s):  
Kenny Ardillah
Keyword(s):  
Stock Exchange ◽  
Positive Influence ◽  
Sustainable Growth ◽  
Ownership Concentration ◽  
The Social ◽  
Social Contribution ◽  
Social Contributions ◽  
Corporate Social ◽  
A Company

This study aims to prove empirically social contribution value, ownership concentration, and ownership circulation have a positive influence on corporate sustainable growth which is controlled by leverage and profitability. This study theory focuses on agency theory and stakeholder theory. The study sample focuses on state-owned companies listed on the Indonesia Stock Exchange in the 2014-2019 period. The data of this study’s sample used certain selection criteria with the use of the purposive sampling method to obtain 83 data that became the study sample. Data were analyzed using the multiple regression analysis methods. The results of this study indicate that social contribution value doesn’t influence corporate sustainable growth which is controlled by leverage and profitability. Ownership concentration and ownership circulation don’t influence corporate sustainable growth which is controlled by leverage and profitability. The social contribution value is a form of social and environmental responsibility for the company's operations towards stakeholders that don’t support the corporate sustainable growth of the company in the long term. The spread of the company’s share ownership structures that traded highly and weren’t concentrated on certain parties of shareholders can’t support the implementation of decisions made by management to increase the corporate sustainable growth. Because of its limitations, future studies can reflect the extent to which the assessment of corporate social contributions is carried out by one sector of a company other than state-owned companies.

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