| Title | The typology of 60R circular economy principles and strategic orientation of their application in business |
|---|---|
| ID_Doc | 1758 |
| Authors | Uvarova, I; Atstaja, D; Volkova, T; Grasis, J; Ozolina-Ozola, I |
| Title | The typology of 60R circular economy principles and strategic orientation of their application in business |
| Year | 2023 |
| Published | |
| Abstract | The circular economy is one of the recent concepts promoted as the pathway for further green and sustainable development, yet entrepreneurs and managers lack the knowledge on implementing circular economy principles. Assuming the multi-dimensional and systemic character of the circular economy, this article provides a road map of 60R circular economy principles that can be adopted in any company to create a positive economic, envi-ronmental, and social impact. This set of circular economy principles allows the existing performance of com-panies within environmental regeneration to be assessed, and identifies possible improvements to business circularity. Identifying additional "R" principles could lead to increased synergy or complementarity between them. These 60R circular economy principles are classified in four groups -reduce, reuse, recycle and reverse logistics. The proposed list of CE principles provides a useful framework for business managers to structure potential tasks and develop strategies for CE implementation and serve as a roadmap for researchers to extend existing research on CE principles. This study is based on the systematic literature review critically examining 148 articles and providing a comprehensive and profound overview of circular economy principles to be considered by business practitioners and entrepreneurs. Previously, CE principles are researched in environ-mental sciences, engineering, and energy. This article contributes to the existing knowledge gap and builds new knowledge on the discipline of business management, as publications in these fields are scarce. The study highlights the significance of reverse logistics and calls for extensive research on how companies can incorporate material or product returns into their business models or strategies, which is a critical research question for future studies. |
| https://doi.org/10.1016/j.jclepro.2023.137189 |
Similar Articles
| ID | Score | Article |
|---|---|---|
416
|
Dragomir, VD; Dutescu, A New business models in the Circular Economy(2022)Proceedings Of The International Conference On Business Excellence, 16, 1 | |
| 4521
|
Jones, P; Comfort, D Towards the circular economy: A commentary on corporate approaches and challenges(2017)Journal Of Public Affairs, 17, 4 | |
| 40
|
Lieder, M; Rashid, A Towards circular economy implementation: a comprehensive review in context of manufacturing industry(2016)Journal Of Cleaner Production, 115, | |
| 231
|
Rugine, H; Ziliene, R Towards A New Framework Of Circular Economy(2024)Entrepreneurship And Sustainability Issues, 11, 3 | |
| 417
|
Barros, MV; Salvador, R; do Prado, GF; de Francisco, AC; Piekarski, CM Circular economy as a driver to sustainable businesses(2021) | |
| 4813
|
Bansal, S; Jain, M; Garg, I; Srivastava, M Attaining circular economy through business sustainability approach: An integrative review and research agenda(2022)Journal Of Public Affairs, 22, 1 | |
| 619
|
Barreiro-Gen, M; Lozano, R How circular is the circular economy? Analysing the implementation of circular economy in organisations(2020)Business Strategy And The Environment, 29, 8 | |
| 16519
|
Horvath, B; Magda, R Possible bottlenecks in the strategic management of environmentally engaged companies - Transition to the world of circular businesses(2017) | |
| 598
|
Awan, U; Sroufe, R Sustainability in the Circular Economy: Insights and Dynamics of Designing Circular Business Models(2022)Applied Sciences-Basel, 12, 3 | |
| 133
|
Urbinati, A; Chiaroni, D; Chiesa, V Towards a new taxonomy of circular economy business models(2017) |