| Title | Implementation of Circular Economy Business Models by Small and Medium-Sized Enterprises (SMEs): Barriers and Enablers |
|---|---|
| ID_Doc | 1728 |
| Authors | Rizos, V; Behrens, A; van der Gaast, W; Hofman, E; Ioannou, A; Kafyeke, T; Flamos, A; Rinaldi, R; Papadelis, S; Hirschnitz-Garbers, M; Topi, C |
| Title | Implementation of Circular Economy Business Models by Small and Medium-Sized Enterprises (SMEs): Barriers and Enablers |
| Year | 2016 |
| Published | Sustainability, 8, 11 |
| Abstract | Small and medium-sized enterprises (SMEs) are increasingly aware of the benefits of closing loops and improving resource efficiency, such as saving material costs, creating competitive advantages, and accessing new markets. At the same time, however, various barriers pose challenges to small businesses in their transition to a circular economy, namely a lack of financial resources and lack of technical skills. The aim of this paper is to increase knowledge and understanding about the barriers and enablers experienced by SMEs when implementing circular economy business models. Looking first at the barriers that prevent SMEs from realising the benefits of the circular economy, an investigation is carried out in the form of a literature review and an analysis of a sample of SME case studies that are featured on the GreenEcoNet EU-funded web platform. Several enabling factors that help SMEs adopt circular economy practices are then identified. The paper concludes that although various policy instruments are available to help SMEs incorporate circular economy principles into their business models, several barriers remain. The authors recommend that European and national policies strengthen their focus on greening consumer preferences, market value chains and company cultures, and support the recognition of SMEs' green business models. This can be achieved through the creation of dedicated marketplaces and communities of practice, for example. |
Similar Articles
| ID | Score | Article |
|---|---|---|
28984
|
Palombi, G; Schiaroli, V; Fraccascia, L; Nonino, F Identifying barriers and good practices for implementing circular economy principles in small and medium enterprises(2024) | |
| 2965
|
Prieto-Sandoval, V; Jaca, C; Santos, J; Baumgartner, RJ; Ormazabal, M Key strategies, resources, and capabilities for implementing circular economy in industrial small and medium enterprises(2019)Corporate Social Responsibility And Environmental Management, 26, 6 | |
| 2787
|
Maher, R; Yarnold, J; Pushpamali, NNC Circular economy 4 business: A program and framework for small-to-medium enterprises (SMEs) with three case studies(2023) | |
| 28993
|
Uvarova, I; Atstaja, D; Korpa, V Challenges Of The Introduction Of Circular Business Models Within Rural Smes Of Eu(2020)International Journal Of Economic Sciences, 9.0, 2 | |
| 2798
|
De Angelis, R Circular economy business models as progressive business models: Evidence from circular start-ups(2024) | |
| 3704
|
Kondala, M; Nudurupati, SS; Pappu, RP The challenges in adoption of circular economy in SMEs - a research agenda and way forward(2024)Benchmarking-An International Journal, 31, 5 | |
| 2396
|
Pangarso, A; Sisilia, K; Peranginangin, Y Circular Economy Business Models in the Micro, Small, and Medium Enterprises: A Review(2022)Etikonomi, 21, 2 | |
| 2889
|
Howard, M; Yan, XY; Mustafee, N; Charnley, F; Böhm, S; Pascucci, S Going beyond waste reduction: Exploring tools and methods for circular economy adoption in small-medium enterprises(2022) | |
| 3798
|
Cantú, A; Aguiñaga, E; Scheel, C Learning from Failure and Success: The Challenges for Circular Economy Implementation in SMEs in an Emerging Economy(2021)Sustainability, 13, 3 | |
| 16163
|
Salvioni, DM; Bosetti, L; Fornasari, T Implementing and Monitoring Circular Business Models: An Analysis of Italian SMEs(2022)Sustainability, 14, 1 |