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Perceptions of Circular Business Models in SMEs

Author

Listed:
  • Sebastian-Ion Ceptureanu

    (Bucharest University of Economic Studies, Romania)

  • Eduard-Gabriel Ceptureanu

    (Bucharest University of Economic Studies, Romania)

  • Raphael Gert Denis Murswieck

    (Bucharest University of Economic Studies, Romania)

Abstract

Testing circular economy business models is crucial in understanding Circular Economy features across various industries. This paper analyses Circular Economy perceptions in Romanian SMEs by investigating entrepreneurs from PVC joinery industry. Using a multidimensional framework, ReSOLVE, as a conceptual model, and Lewandowski systematization, we measured 6 business actions and their relations with Value creation. The results of our survey can be described as mixed. Of the 6 business actions of ReSOLVE framework, for half of them (Regenerate, Optimize and Exchange) we can definitely conclude that these are correlated with Circular Economy in terms of Value Creation, while for a fourth there are variables significantly correlated without being able to conclude its overall contribution in terms of Value creation. Our empirical investigation contributes to literature development on Circular Economy research in SMEs and a step forward to shape future research initiatives.

Suggested Citation

  • Sebastian-Ion Ceptureanu & Eduard-Gabriel Ceptureanu & Raphael Gert Denis Murswieck, 2018. "Perceptions of Circular Business Models in SMEs," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(48), pages 310-310.
    • Handle: RePEc:aes:amfeco:v:20:y:2018:i:48:p:310
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    File URL: http://www.amfiteatrueconomic.ro/temp/Article_2721.pdf
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    References listed on IDEAS

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    1. Despeisse, M. & Baumers, M. & Brown, P. & Charnley, F. & Ford, S.J. & Garmulewicz, A. & Knowles, S. & Minshall, T.H.W. & Mortara, L. & Reed-Tsochas, F.P. & Rowley, J., 2017. "Unlocking value for a circular economy through 3D printing: A research agenda," Technological Forecasting and Social Change, Elsevier, vol. 115(C), pages 75-84.
    2. Peter Lacy & Jakob Rutqvist, 2015. "Waste to Wealth," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-53070-7.
    3. Alan Murray & Keith Skene & Kathryn Haynes, 2017. "The Circular Economy: An Interdisciplinary Exploration of the Concept and Application in a Global Context," Journal of Business Ethics, Springer, vol. 140(3), pages 369-380, February.
    4. Eduard Gabriel Ceptureanu & Sebastian Ion Ceptureanu & Doina I. Popescu & Liviu Bogdan Vlad, 2017. "Two Stage Analysis of Successful Change Implementation of Knowledge Management Strategies in Energy Companies from Romania," Energies, MDPI, vol. 10(12), pages 1-17, November.
    5. Mateusz Lewandowski, 2016. "Designing the Business Models for Circular Economy—Towards the Conceptual Framework," Sustainability, MDPI, vol. 8(1), pages 1-28, January.
    6. Karolin Frankenberger & Tobias Weiblen & Michaela Csik & Oliver Gassmann, 2013. "The 4I-framework of business model innovation: a structured view on process phases and challenges," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 18(3/4), pages 249-273.
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    Citations

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    Cited by:

    1. Romulus Iagăru & Anca Șipoș & Pompilica Iagăru, 2023. "Strategic Thinking and Its Role in Accelerating the Transition from the Linear to the Circular Economic Model—Case Study of the Agri-Food Sector in the Sibiu Depression Microregion, Romania," Sustainability, MDPI, vol. 15(4), pages 1-14, February.
    2. Nathalia Suchek & João J. Ferreira & Paula O. Fernandes, 2022. "A review of entrepreneurship and circular economy research: State of the art and future directions," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2256-2283, July.
    3. Leila Saari & Katri Valkokari & Jorge Tiago Martins & Federica Acerbi, 2024. "Circular Economy Matrix Guiding Manufacturing Industry Companies towards Circularity—A Multiple Case Study Perspective," Circular Economy and Sustainability, Springer, vol. 4(4), pages 2505-2530, December.

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    More about this item

    Keywords

    circular economy; ReSOLVE framework; value creation; spearman coefficient.;
    All these keywords.

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis

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