| Title |
Systems resilience and SME multilevel challenges: A place-based conceptualization of the circular economy |
| ID_Doc |
1494 |
| Authors |
Howard, M; Bohm, S; Eatherley, D |
| Title |
Systems resilience and SME multilevel challenges: A place-based conceptualization of the circular economy |
| Year |
2022 |
| Published |
|
| DOI |
10.1016/j.jbusres.2022.03.014 |
| Abstract |
This article presents a place-based systems perspective of the sustainability of small and medium-sized enterprises, exploring the multilevel challenges in transitioning towards a circular economy. We develop a conceptual model showing that, as circular economy systems and their resilience reside at the intersection of business, societal and ecosystem value, place-based coordination and cross-institutional organizing matter. Using the case of Devon and Cornwall in the south-west of England, we argue SMEs who recognize the role of placed-based societal identities and ecosystems not only become more resilient, but their considerations for community welfare and labour are intertwined with geographic-specific natural capital and the circular economy. Yet place based circular systems are characterized by tensions and trade-offs, suggesting survival of one is dependent on the circulation of resources in another. Our contribution is to theorize the role of SMEs in place-based circular system resilience, understanding the organizational mechanisms of local cooperation and value sharing. |
| Author Keywords |
Sustainability; Triple bottom line; Place; Circular economy; SME; Systems resilience |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:000799198500019 |
| WoS Category |
Business |
| Research Area |
Business & Economics |
| PDF |
https://doi.org/10.1016/j.jbusres.2022.03.014
|