Managing sustainability in luxury industry to pursue circular economy strategies

Shashi, .; Centobelli, Piera; Cerchione, Roberto; Mittal, Amit

doi:10.1002/bse.2630

Cited by 49 publications

(31 citation statements)

References 161 publications

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“…The authors demonstrated that the processing and conservation of resources allows the company to save production costs and maximize profits. This is why the questions raised regarding the formation of the mechanism of the strategic potential of the enter-prise in the conditions of a circular economy will reduce the influence on the ecological environment [28].…”

Section: Discussionmentioning

confidence: 99%

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The Mechanism of Forming the Strategic Potential of an Enterprise in a Circular Economy

et al. 2022

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In the framework of this study, significant features of the formation of the strategic potential of the enterprise in a circular economy are identified. The characteristics and elements of the strategic potential of the enterprise, which can ensure its integrity and continuity of operations, are highlighted. The authors conducted and analyzed a theoretical review of the concept of the “circular economy” and its impact on business and resource conservation and environmental protection. The conditions for the transition to a circular economy at the macro level are formed. The key stages of ensuring the strategic potential of the enterprise, taking into account the internal and external environmental factors, are highlighted. The authors forecast the volume and dynamics of waste until 2027 using the Cobb–Douglas function. The mechanism of the formation of the strategic potential of the enterprise in the conditions of a circular economy is offered. This mechanism provides for the potential compliance with the strategic goals of the enterprise, as well as the rationality and balance of structural elements. Assessing the compliance of strategic potential with the developed strategy allows decisions to be made on the implementation of measures to meet the objectives of the enterprise, or to search for opportunities and reserves to improve its level. A set of measures aimed at the effective implementation of the proposed mechanism and the results of resource-efficient production is developed.

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Section: Discussionmentioning

confidence: 99%

“…Research on the formation of a circular economy has been conducted by many scientists [14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29]. From the point of view of the implementation of the circular economy, the innovative potential of enterprises is also significant [30][31][32].…”

Section: Literature Reviewmentioning

confidence: 99%

The Mechanism of Forming the Strategic Potential of an Enterprise in a Circular Economy

et al. 2022

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“…The procedure used in the paper to answer the research questions presented in the introduction covers several stages (Bartolacci et al, 2020;Ferasso et al, 2020). The procedure was also discussed by Shashi et al (2021) and Suchek et al (2021). The flowchart of the procedure developed for the literature review has been presented in Figure 2.…”

Section: The Adopted Procedures Of the Systematic Literature Reviewmentioning

confidence: 99%

Innovation in Traditional Handicraft Companies Towards Sustainable Development. A Systematic Literature Review

Shafi

Depczyński

Cheba

et al. 2022

Technological and Economic Development of Economy

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Despite being rich in cultural heritage, traditional handicrafts require innovation to achieve competitiveness. This study addresses the understanding of innovation in traditional handicrafts for sustainable development. The paper emphasizes the importance and potential advantages of innovation and its synergistic effect with cultural traditions leading to sustainable development. Apart of the explanation of most important issues regarding this topic, publications containing the following keywords selected for the study were identified in the WOS database. A total of 500 different publications from 1975 to 2021 were identified. The database was used for text-mining analyses. The clustering method (data mining) was used. The systematic literature review was carried out with the use of VOSviewer software. This tool was used to identify and analyse clusters and dominant research areas and to identify potential new research directions. This has never been done by any author before. We show that future studies should focus on the issue of measuring incremental innovation in cultural creative industries, especially handicraft since this topic is not enough analysed in the literature. The findings can help academics and practitioners to improve the knowledge about the topic and concentrate on identified priority areas to fulfil the assumptions of sustainable development.

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“…(2020) have presented a review on business model design in the context of CE by descriptive/content analysis and show business model issues in a transition of CE. A bibliometric and science mapping analysis technique has been adpoted to develop a comprehensive view of sustainable luxury research (Shashi et al. , 2021).…”

Section: Introductionmentioning

confidence: 99%

“…Centobelli et al (2020) have presented a review on business model design in the context of CE by descriptive/content analysis and show business model issues in a transition of CE. A bibliometric and science mapping analysis technique has been adpoted to develop a comprehensive view of sustainable luxury research (Shashi et al, 2021). Alhawari et al (2021) gave the crux of CE definitions in planning processes, eco-systems and supply chain by using 91 papers that also investigated the use of digital transformation and industry 4.0 to implement the CE.…”

Section: Introductionmentioning

confidence: 99%

A state-of-art review of circular economy in the supply chain management: scientometric mapping

Majiwala¹,

Kant

2022

MEQ

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PurposeThis study aims to summarize the trend and overall aspect of Circular Economy (CE) in supply chain management research as a contribution of the previous research towards the CE concept narrowed in perspective, without presenting a specific application. Further, it is explored to identify the research hotspot, knowledge base, topic, landmark and pivot point in this research.Design/methodology/approachThe scientometric mapping of CE in supply chain research papers is analyzed using VOSviewer and CiteSpace software to cover the broader field spectrum and overcome a manual review. The Research papers are extracted from the Web of Science core collection comprising keywords “Circular Economy*” and “Supply Chain*”. A number of 1,092 papers are selected from the reputed journals over 20 years (2001–2021) for review.FindingsThe co-operation visualization network analysis initially identifies the descriptive analysis of overall publications, leading authors, countries, institutions and journal sources. The co-occurrences of keywords present the research hotspot. Moreover, the co-citation cluster analysis identifies knowledge base, research topic, landmark and pivot point. Industry 4.0 integrated supply chain, their driver, barrier, challenges and risks need further investigation.Research limitations/implicationsThe findings are based on networks visualization analysis principles, which indicate connection, quality and impact of academic works that might be open to accusations. The methodology chosen for the research and findings interpretations are based on researchers' perceptive limitations and subjective judgment.Originality/valueThis review paper covers a diverse view to attain sustainable development goals due to considerable attention from researchers, practitioners and policymakers. Also is expected to set the future direction of the CE in the supply chain research.

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Managing sustainability in luxury industry to pursue circular economy strategies

Cited by 49 publications

References 161 publications

The Mechanism of Forming the Strategic Potential of an Enterprise in a Circular Economy

The Mechanism of Forming the Strategic Potential of an Enterprise in a Circular Economy

Innovation in Traditional Handicraft Companies Towards Sustainable Development. A Systematic Literature Review

A state-of-art review of circular economy in the supply chain management: scientometric mapping

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