| Title | Possible bottlenecks in the strategic management of environmentally engaged companies - Transition to the world of circular businesses |
|---|---|
| ID_Doc | 16519 |
| Authors | Horvath, B; Magda, R |
| Title | Possible bottlenecks in the strategic management of environmentally engaged companies - Transition to the world of circular businesses |
| Year | 2017 |
| Published | |
| Abstract | The recognition of the market- driven economy's harmful impact on society and environment has led to the concept of sustainable development. In the world of business, sustainability has been interpreted in different ways. Several researches aimed at developing an expression for initiatives, which truly extend their value proposition to ecological and social horizons. This aspect has been referred as 'businesses for sustainability' in the past couple of years. However, despite the initial positive intentions, the expected outcomes seem to come undone in some cases. This paper presents a historic overview of principles developed by environmental economists. Furthermore, it introduces a case study for a novel environmental-based economic approach - the circular economy. The idea of circular economy has been neglected for a long time. Although, it is in governmental and corporate strategic plans by now, the case study proves the lack of appropriate practical background. The present study argues how the application of 'Transition management' appears to be essential in order to realize such a new economic paradigm. |
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