Business management perspectives on the circular economy: Present state and future directions

Ahmad, Farhan; Bask, Anu; Laari, Sini; Robinson, Craig V.

doi:10.1016/j.techfore.2022.122182

Cited by 44 publications

(36 citation statements)

References 173 publications

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“…Notably, the relationship between the strategic decision‐making process, organisational capabilities and the emergence and implementation of CBMs is still unclear. In response to Ahmad et al's (2023) call for more research about strategy, learning and innovation in the CE field and Bocken and Ritala's (2020) call for “clear strategic guidelines on how existing and new companies can launch circular business model initiatives” (p. 1), we have developed a “three‐pronged” strategy framework to explain the emergence and implementation of CBMs and proposed some research questions for scholars working at the intersection between strategy and the CE. We built our framework drawing on the work of Teece (2018) who highlighted that strategy, BMs and DCs are interdependent and on the concept of OS (Birkinshaw, 2017).…”

Section: Discussionmentioning

confidence: 99%

Open strategy and dynamic capabilities: A framework for circular economy business models research

2023

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The circular economy has attracted the interest of business leaders, policy makers and academics alike for its potential to contribute to a more resilient, prosperous and resource‐efficient economy. The transition towards a circular economy requires new business models that challenge the linear logic of value creation that is still endemic across most industries. In turn, the transition from linear to circular business models involves the rethinking of strategic decision‐making processes and the development of new organisational capabilities. This paper addresses these important strategic implications of the emergence and implementation of circular business models. Coupling business models with open strategy and dynamic capabilities, we develop a “three‐pronged” strategy framework that advances the emerging field of circular business model research. Our contribution is crystallised into a series of propositions and future research questions for scholars working at the intersection of the circular economy and the strategy literature.

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Section: Discussionmentioning

confidence: 99%

Open strategy and dynamic capabilities: A framework for circular economy business models research

2023

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“…Business management has been considered as having a critical role to translate CE in practice tackling the lack of a holistic view [17]. Transversal competencies are also required; therefore, it is not a straightforward process that focuses only on a single or a few fields of studies [41,42], instead encompassing and requiring training on several skills [22,37].…”

Section: Overview Of the Topicmentioning

confidence: 99%

“…Q2: What role does education play in supporting the implementation of CE strategies, particularly in facilitating young people's acquisition of the necessary knowledge and skills through educational channels to effectively perform "green jobs" in the present and future? While the CE key strategies are shared and acknowledged [17], we want to highlight the current literature in the academic field focusing on education for the CE (ECE) [18] and GJs developed in Section 2, and recommendations are provided in Section 5.…”

Section: Introductionmentioning

confidence: 99%

Barriers to Efficient Knowledge Transfer for a Holistic Circular Economy: Insights towards Green Job Developments and Training for Young Professionals

Guerreschi

Piras

Heck

2023

Youth

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There is a growing interest in adopting a holistic circular economy (CE) to reach a sustainable and economically viable future, thus there is an increasing need for professionals in the field to do so efficiently. In this regard, good education and knowledge sharing are crucial. This knowledge sharing is bi-directional across generations, with everyone gaining equally from the various viewpoints and experiences. CE strategy research and education are beneficial for the implementation of sustainable development that considers economic, social, and environmental spheres. Additionally, attention is being paid to the younger generation, which is now focused on addressing climate change, as evidenced by the growth of the post-Greta Thunberg phenomena. As a result, this paper proposes a set of recommendations to improve measures for circular economy education (ECE) in order to train future CE experts who can contribute to achieving successful sustainable development. This research proposes, through a literature review and case studies analyses, that enhancing ECE can cultivate future CE specialists who can contribute to the successful pursuit of sustainable development as the demand for green jobs grows. According to our preliminary understanding, widespread ECE can be a critical tool for bringing together experienced circular professionals, students, and younger generations, in meeting their needs and advancing circular development through various forms, including specific training and reskilling of professionals required. However, we discovered a lack of consensus across the case studies on the ideal CE expert or educational modality, which is mirrored in the literature, indicating the need for greater collaboration among different disciplines and stakeholders. There also appears to be a general lack of awareness about the benefits of the CE, necessitating the collaboration between the private and public sectors in providing educational opportunities, accessible study materials, and research funding to accelerate innovation and competitiveness. Thus, institutions and businesses could play a role in standardising basic circular principles and competencies in CE as a means of providing basic guidelines that could be supplemented with specialised courses and diverse content ranging from public knowledge to more specialised professionals or students aiding the implementation of CE strategies, which reduce local disparities increasing green jobs accessibility for youth. Conclusively, this paper looks to provide recommendations for improvements in this field.

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“…Meanwhile, Chun et al (2023) argue that remanufacturers should focus on providing quality warranties and certificates to create values for consumers. Moreover, Ahmad et al (2023), after reviewing trending topics on the literature about CE in business management, suggested that future research should move on from identifying factors for consumers' acceptance of remanufactured products towards developing strategies that would increase acceptance for such products. Considering the aforementioned arguments, the features that are associated to the remanufactured smartphones and were analysed in this study are labels, warranty and price available in different levels, and their effect was analysed in Brazilian consumers.…”

Section: Theoretical Foundationmentioning

confidence: 99%

Effects of green and circular products' features on consumers' choice of remanufactured smartphones

Kerber,

Fettermann,

Bouzon

2023

Bus Strat Env

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Purchasing green products is one of the cornerstones to promote sustainable development since the negative impact of these products is lower than traditional goods. In a Circular Economic (CE) context, green products begin to encompass reconditioned products reintroduced to the production and consumption cycle, such as remanufactured products. Many green products and remanufactured products' features intersect; however, the consumers' perception of these two products is not equal. The present work analyses the consumers' intention to purchase remanufactured products in the Southern Brazil, in a CE context. To that end, 228 consumers from Southern Brazil answered a stated preference questionnaire with different scenarios of remanufactured smartphones with warranty, label and discount. Results indicate that warranty, label, and discount positively impact the consumers' choice towards remanufactured smartphones. Furthermore, results indicate that consumers would be willing to give up more on the discount in order to have a scenario where the remanufactured smartphone has a label and warranty. This study contributes to the literature on consumers' perception and purchase intention towards remanufactured products in emerging economies, which is still scarce. Furthermore, the industry might benefit from this work since understanding what affects consumers' purchase intention may help redirect marketing strategies to increase demand and competitiveness.

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Business management perspectives on the circular economy: Present state and future directions

Cited by 44 publications

References 173 publications

Open strategy and dynamic capabilities: A framework for circular economy business models research

Open strategy and dynamic capabilities: A framework for circular economy business models research

Barriers to Efficient Knowledge Transfer for a Holistic Circular Economy: Insights towards Green Job Developments and Training for Young Professionals

Effects of green and circular products' features on consumers' choice of remanufactured smartphones

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