| Title | Circular Business Models In Textiles And Apparel Sector In Slovakia |
|---|---|
| ID_Doc | 51 |
| Authors | Dano, F; Drábik, P; Hanuláková, E |
| Published | Central European Business Review, 9, 1 |
| Structure | The article discusses the importance of circular business models in the textile and apparel sector in Slovakia. The authors analyze the current state of the sector, the potential of Slovak companies to implement circular business models, and the benefits and challenges of this transition. The concept of circular economy is a new way of finding relationships between sectors, customers, and natural resources. It represents the economic system in which the products are carried out in closed circles or cycles. The circular economy is characterized as regenerative economy that aims to preserve the greatest value of products and materials. The transition to the circular economy concerns business operators, regardless of their size and country of origin. One way to help these, especially smaller business operators with the transition to the new economic model are to systematize knowledge of the substance of circular models and tools for their implementation into practice. The literature presents several sophisticated and validated circular business models, their design and tools for their formation. The article presents a study of the potential of Slovak companies to implement circular business models in the textile and apparel sector. The study involved a quantitative survey of 122 Slovak clothing and textile companies (producers) and a qualitative survey of 33 managers of companies that participated in the first survey. The results of the quantitative survey showed that the companies can be divided into four clusters based on their expectations of improvement in terms of growth of revenues, expansion of output, and better competitiveness. The clusters were: cluster 1 (48 companies), cluster 2 (17 companies), cluster 3 (10 companies), and cluster 4 (3 companies). The results of the qualitative survey showed that the companies in cluster 1 had a high potential for a successful transition to new business models, while the companies in cluster 3 had an average potential. The study found that the companies in cluster 1 had a high potential for a successful transition to new business models, while the companies in cluster 3 had an average potential. The study also found that the companies in cluster 4 had a low potential for a successful transition to new business models. The results of the study suggest that the companies that are more willing to adopt new business models and have the necessary resources and infrastructure to implement them will be more likely to succeed in the transition to a circular economy. The study highlights the importance of understanding the potential of Slovak companies to implement circular business models in the textile and apparel sector. The study also emphasizes the need for companies to adopt new business models and have the necessary resources and infrastructure to implement them. The results of the study suggest that the companies that are more willing to adopt new business models and have the necessary resources and infrastructure to implement them will be more likely to succeed in the transition to a circular economy. Based on the study, the following recommendations can be made: 1. Companies in Slovakia should adopt new business models that are more sustainable and environmentally friendly. 2. Companies should have the necessary resources and infrastructure to implement these new business models. 3. The government and other stakeholders should provide support and resources to help companies adopt new business models. 4. Companies should educate their customers about the benefits of circular economy and encourage them to adopt sustainable practices. The study has several limitations. The sample size was limited to 122 companies, which may not be representative of the entire Slovak textile and apparel sector. The study only examined the potential of companies to implement circular business models, but did not examine the actual implementation of these models. |
| Summary | The circular economy is a regenerative economy that aims to preserve the greatest value of products and materials. The article highlights the importance of implementing circular business models in the textiles and apparel sector, which is one of the fastest-growing industries. The research focuses on the potential of Slovak textile and clothing producers to transition to new circular business models. The article discusses the principles of the circular economy and its application in the textiles and apparel sector. It also reviews existing literature on circular business models, including the concept of ReSOLVE and the CANVAS model. The research aims to contribute to the development of a topical and beneficial subject-matter related to the transition from a linear to a circular economy in Central Europe. The study used a quantitative survey of 122 Slovak clothing and textile companies and a qualitative survey of 33 managers to examine the perceptions, attitudes, and expectations of these companies towards the circular economy. The results show that medium-sized companies are more likely to have a positive attitude towards the circular economy and are more likely to implement new circular business models. The article also discusses the importance of creating a universal model of circular business in the textiles and apparel industry, taking into account the different nature of business activities and the absence of relevant research in the field. The authors propose a five-phase model for the implementation of circular business models, which includes general awareness, partnerships, new business services, and customer needs. The article concludes that the right and sufficient information, creation of space for implementation, and better access to funding are necessary prerequisites for a successful transition to new circular business models. Overall, the article provides insights into the potential of Slovak textile and clothing producers to implement new circular business models and highlights the importance of creating a universal model of circular business in the industry. |
| Scientific Methods | The research paper "Circular Business Models in Textiles and Apparel Sector in Slovakia" uses a combination of both quantitative and qualitative research methods to investigate the potential of Slovak companies (producers) operating in the textiles and clothing industry to introduce new circular business models into their activities. Quantitative research methods: 1. Survey: A quantitative survey was conducted among 122 Slovak clothing and textile companies (producers) to gather data on their perceptions, attitudes, expectations, and motivations regarding the new economic and business model examined by the producers. 2. Cluster analysis: The results of the survey were analyzed using cluster analysis, which was used to divide the objects of exploration into similar groups, which have been included in clusters. Qualitative research methods: 1. In-depth interviews: A qualitative survey was conducted in the form of semi-structured interviews on a sample of 33 respondents, which were managers of companies that participated in the first survey. The interviewees were selected based on the representatives of the formed clusters (cluster 1 = 10 respondents, cluster 2 = 10 respondents, cluster 3 = 10 respondents, and cluster 4 = 3 respondents). 2. Grounded Theory Method (GTM): The respondents' replies were analyzed using the Grounded Theory Method (GTM), which consists of an analysis of theoretical knowledge obtained on the basis of semi-structured interviews. Other research methods: 1. Literature review: A comprehensive literature review was conducted to identify relevant research on circular business models, sustainable business models, and the textile and clothing industry. 2. Data analysis: The data collected through the survey and interviews were analyzed using various statistical and qualitative methods, including cluster analysis, Grounded Theory Method (GTM), and content analysis. Overall, the research paper combines both quantitative and qualitative research methods to gain a deeper understanding of the potential of Slovak companies operating in the textiles and clothing industry to introduce new circular business models into their activities. |
| Article contribution | This article presents an analysis of the potential of Slovak textile and clothing producers to adopt circular business models, which are essential for the transition to a circular economy. The authors conducted a quantitative and qualitative survey to evaluate the readiness of these producers to move from a linear to a circular economic model. 1. 2. 3. 4. 1. The study highlights the importance of understanding customer expectations and needs in the adoption of circular business models. 2. The study identifies several barriers to the adoption of circular business models, including lack of awareness, insufficient market capacity, high technological and logistical difficulties, and lack of government support. 3. The study provides evidence that companies in Cluster 1 have a high potential for a successful transition to a circular economy, while those in Cluster 3 have a low potential. 4. The study recommends that governments and businesses prioritize customer expectations and invest in new technologies and processes to support the transition to a circular economy. 1. The study relies on a survey of Slovak textile and clothing producers, which may not be representative of the entire industry. 2. The study only examines the readiness of companies to adopt circular business models, without considering other factors such as their current business practices and environmental impact. 1. The study highlights the importance of adopting circular business models to reduce waste and promote sustainability. 2. The study provides evidence that companies can play a significant role in promoting sustainability and reducing waste through the adoption of circular business models. 3. The study recommends that governments and businesses prioritize customer expectations and invest in new technologies and processes to support the transition to a circular economy. Overall, the study provides valuable insights into the potential of Slovak textile and clothing producers to adopt circular business models, highlighting the importance of understanding customer expectations and needs, as well as the need for government support and investment in new technologies and processes. |
Similar Articles
| ID | Score | Article |
|---|---|---|
328
|
0.882 | Hanuláková, E; Dano, F; Kukura, M Transition Of Business Companies To Circular Economy In Slovakia(2021)Entrepreneurship And Sustainability Issues, 9, 1 |
| 2176
|
0.821 | Staicu, D Characteristics of textile and clothing sector social entrepreneurs in the transition to the circular economy(2021)Industria Textila, 72, 1 |
| 2374
|
0.815 | Staicu, D; Pop, O Mapping the interactions between the stakeholders of the circular economy ecosystem applied to the textile and apparel sector in Romania(2018)Management & Marketing-Challenges For The Knowledge Society, 13, 4 |
| 340
|
0.806 | Koszewska, M Circular Economy - Challenges For The Textile And Clothing Industry(2018)Autex Research Journal, 18, 4 |
| 20497
|
0.805 | Popescu, DI Challenges of A Highly Competitive Economy - Social Responsibility and Innovation(2019) |
| 5974
|
0.792 | Papamichael, I; Voukkali, I; Loizia, P; Rodriguez-Espinosa, T; Pedreño, JN; Zorpas, AA Textile waste in the concept of circularity(2023) |
| 20958
|
0.789 | Neto, GCD; Santos, RAR; Pinto, LFR; Flausino, FR; de Oliveira, DEP; Seri, MN Innovative circular practices integrating business model for textile industry(2024) |
| 16992
|
0.78 | Popescu, DI; Papa, I; Stefan, SC; Vlasceanu, C Innovative Business Models and Responsible Consumption - Case Study(2016) |
| 77933
|
0.78 | Arnold, MG; Pfaff, C; Pfaff, T Circular Business Model Strategies Progressing Sustainability in the German Textile Manufacturing Industry(2023)Sustainability, 15, 5 |
| 20333
|
0.775 | Alonso-Muñoz, S; González-Sánchez, R; Siligardi, C; Garcia-Muiña, FE Analysis of the Textile Supply Chain from a Circularity Perspective: A Case Study(2022) |