The circular economy emerged as an alternative model to the linear system, which now appears to be reaching its physical limitations. To transition to a circular economy, companies must not only be aware of but also engage in more sustainable practices. For such a transition, companies must rethink and innovate their business models and the ways they propose value to their clients while simultaneously considering environmental and social facets. This systematic literature review sought to map out from the company perspective the key topics interrelated with innovation and the circular economy, describing the internal and external factors to consider in such transition processes. Key lines of research were identified, and suggestions for future research and for facilitating movement toward a circular economy are provided. This work contributes to deepening the literature by identifying the priority areas concerning the circular economy and encouraging future research that meets international standards of excellence.
The circular economy (CE) emerged as an alternative model to the linear system to foster sustainable development. Entrepreneurship represents a key factor in capturing new circular business opportunities. Research on circular entrepreneurship remains at an early phase and is correspondingly somewhat dispersed. Thus, the research objective here is to bring entrepreneurship into the focus of discussions on CE through a systematic literature review. In the absence of any systematic review on this theme, this work aims to map the relevant research and identify the themes discussed in the literature straddling entrepreneurship and the CE currently dispersed across the existing literature. Based on a sample of 102 articles collected from the Scopus and Web of Science databases, this approach identified four thematic groups: growing circular SMEs, born circular firms and start-ups, social entrepreneurship in CE, and support ecosystem for circular entrepreneurship. A greater emphasis on the study of growing circular SMEs to the detriment of other groups is observed. Also, research in the field is mainly focused on European countries. We then propose a future research agenda and a conceptual model for the entrepreneurial process in CE as a point of departure for further developing and deepening the literature on circular entrepreneurship.
PurposeDrawing on the resource-based view (RBV), this paper aims to analyse the relevance of Industry 4.0 (I4.0) technologies and participation in global value chains (GVC) and the effects of the complementarity between both in the adoption of circular economy (CE) actions by small and medium-sized enterprises (SME).Design/methodology/approachThis paper analysed a large-scale international sample by employing logistic and linear regression models to test the research hypotheses on the effects of I4.0 technologies, GVC participation, and the interaction on CE actions (recycling or reusing materials, reducing the consumption and impact of natural resources, saving energy and/or switching to sustainable energy sources, developing sustainable products or services).FindingsThe evidence suggests that I4.0 technologies already represent important resources for CE adoption and SME participating in GVC display a greater likelihood of adopting CE actions. From the perspective of resource complementarity, by interacting the two factors viewed as resources in this article, results may report that adopting I4.0 technologies and simultaneously participating in GVC may turn out detrimental to SME undertaking CE actions, specifically as regards recycling and reusing materials, saving energy or switching to sustainable energy sources and in cases of widely adopting CE practices.Originality/valueThe paper returns novel insights into the adoption of CE practices by presenting evidence that I4.0 technologies and participation in GVC may be successful means for SME seeking to implement CE actions but must be combined carefully. This paper also provides theoretical and practical implications for SME managers, firms participating in GVCs and policy makers, and shedding light on new research avenues.
Small and medium-sized enterprises (SME) are under increasing pressure to implement sustainability practices and collaborate in sustainable development. To do so, they can choose to collaborate with other organisations in order to overcome the challenges and barriers found in moving towards sustainability. Sustainability issues in SMEs have been discussed in the last two decades, but the knowledge on the inter-organisational collaboration towards sustainability remains dispersed. In this sense, this paper aims to answer the question: what is known about inter-organisational cooperation oriented towards sustainability involving SMEs? A systematic literature review (SLR) was carried out using 55 articles available on Web of Science (WoS) aiming to understand the processes of inter-organisational relations towards sustainability involving SMEs, simultaneously addressing the emergence of the circular economy. As a result, the articles were organised into four groups, namely (1) cooperation for sustainability promoted by government initiatives, (2) effects of inter-organisational cooperation for sustainability, (3) process of cooperation oriented towards sustainability, and (4) start of discussions on cooperation for the circular economy. A framework is presented with an overview of the evolution of the field, highlighting the main factors and outcomes related to inter-organisational cooperation involving SMEs for sustainability. The review provides theoretical implications as future research avenues for academics and scholars as well as practical implications for entrepreneurs, managers and policy-makers.
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