IDEAS home Printed from https://ideas.repec.org/a/brc/brccej/v4y2019i4p70-79.html
   My bibliography  Save this article

Promoting The Use Of The Circular Model And Its Relevance To Business

Author

Listed:
  • Gabriela PICIU

    (”Victor Slavescu” Financial and Monetary Research Center, Romanian Academy, Romania)

Abstract

The purpose of the article is to identify and evaluate a circular economic model for economic agents within a sustainable development paradigm. Understanding the concept of circular economy, its different dimensions, and the difficulties economic agents experience in implementing specific activities can facilitate a major transformation of current production and consumption patterns that will have a significant impact on the economy, environment and society. Understanding these effects is important for decision-makers involved in future policy making in the field. Promoting the use of the concept of enterprise circular economy and policy-making requires an analysis of the potential opportunities and benefits that a circular economy approach could bring to businesses and economies.

Suggested Citation

  • Gabriela PICIU, 2019. "Promoting The Use Of The Circular Model And Its Relevance To Business," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(4), pages 70-79.
  • Handle: RePEc:brc:brccej:v:4:y:2019:i:4:p:70-79
    as

    Download full text from publisher

    File URL: http://www.revec.ro/papers/190409.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Vasileios Rizos & Arno Behrens & Wytze Van der Gaast & Erwin Hofman & Anastasia Ioannou & Terri Kafyeke & Alexandros Flamos & Roberto Rinaldi & Sotiris Papadelis & Martin Hirschnitz-Garbers & Corrado , 2016. "Implementation of Circular Economy Business Models by Small and Medium-Sized Enterprises (SMEs): Barriers and Enablers," Sustainability, MDPI, vol. 8(11), pages 1-18, November.
    2. D. Rachel Lombardi & Peter Laybourn, 2012. "Redefining Industrial Symbiosis," Journal of Industrial Ecology, Yale University, vol. 16(1), pages 28-37, February.
    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rizos, Vasileios & Tuokko, Katja & Behrens, Arno, 2017. "The Circular Economy: A review of definitions, processes and impacts," CEPS Papers 12440, Centre for European Policy Studies.
    2. Mechthild Donner & Anne Verniquet & Jan Broeze & Katrin Kayser & Hugo de Vries, 2021. "Critical success and risk factors for circular business models valorising agricultural waste and by-products," Post-Print hal-03004851, HAL.
    3. Marcos Ferasso & Tatiana Beliaeva & Sascha Kraus & Thomas Clauss & Domingo Ribeiro‐Soriano, 2020. "Circular economy business models: The state of research and avenues ahead," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3006-3024, December.
    4. Sophia Barquete & Ana Hiromi Shimozono & Adriana Hofmann Trevisan & Camila Gonçalves Castro & Leonardo Augusto de Vasconcelos Gomes & Janaina Mascarenhas, 2022. "Exploring the Dynamic of a Circular Ecosystem: A Case Study about Drivers and Barriers," Sustainability, MDPI, vol. 14(13), pages 1-22, June.
    5. Gilbert Silvius & Aydan Ismayilova & Vicente Sales-Vivó & Micol Costi, 2021. "Exploring Barriers for Circularity in the EU Furniture Industry," Sustainability, MDPI, vol. 13(19), pages 1-25, October.
    6. Gabi Försterling & Ronald Orth & Benjamin Gellert, 2023. "Transition to a Circular Economy in Europe through New Business Models: Barriers, Drivers, and Policy Making," Sustainability, MDPI, vol. 15(10), pages 1-40, May.
    7. Osei, Vivian & Bai, Chunguang & Asante-Darko, Disraeli & Quayson, Matthew, 2023. "Evaluating the barriers and drivers of adopting circular economy for improving sustainability in the mining industry," Resources Policy, Elsevier, vol. 86(PB).
    8. Yamoah, Fred A. & Sivarajah, Uthayasankar & Mahroof, Kamran & Peña, Iker González, 2022. "Demystifying corporate inertia towards transition to circular economy: A management frame of reference," International Journal of Production Economics, Elsevier, vol. 244(C).
    9. José María Martín Martín & Sara Calvo Martínez & José Manuel Guaita Martínez & Domingo Enrique Ribeiro Soriano, 2022. "RETRACTED ARTICLE: Qualitative analysis on the driving force behind upcycling practices associated with mobile applications: Circular economy perspective," Operations Management Research, Springer, vol. 15(3), pages 647-661, December.
    10. Florian Hofmann & Melanie Jaeger‐Erben, 2020. "Organizational transition management of circular business model innovations," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2770-2788, September.
    11. Sabina Scarpellini, 2022. "Social impacts of a circular business model: An approach from a sustainability accounting and reporting perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(3), pages 646-656, May.
    12. Donato Masi & Steven Day & Janet Godsell, 2017. "Supply Chain Configurations in the Circular Economy: A Systematic Literature Review," Sustainability, MDPI, vol. 9(9), pages 1-22, September.
    13. Johannes Matschewsky, 2019. "Unintended Circularity?—Assessing a Product-Service System for its Potential Contribution to a Circular Economy," Sustainability, MDPI, vol. 11(10), pages 1-27, May.
    14. Andreea Loredana Bîrgovan & Sorin Daniel Vatca & Laura Bacali & Andrea Szilagyi & Elena Simina Lakatos & Lucian Ionel Cioca & George Ciobanu, 2022. "Enabling the Circular Economy Transition in Organizations: A Moderated Mediation Model," IJERPH, MDPI, vol. 19(2), pages 1-10, January.
    15. Sara Alonso-Muñoz & Rocío González-Sánchez & Cristina Siligardi & Fernando Enrique García-Muiña, 2021. "Building Exploitation Routines in the Circular Supply Chain to Obtain Radical Innovations," Resources, MDPI, vol. 10(3), pages 1-18, March.
    16. Corinna Vera Hedwig Schmidt & Bastian Kindermann & Cassian Felix Behlau & Tessa Christina Flatten, 2021. "Understanding the effect of market orientation on circular economy practices: The mediating role of closed‐loop orientation in German SMEs," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 4171-4187, December.
    17. Luis Miguel Fonseca & José Pedro Domingues & Maria Teresa Pereira & Florinda Figueiredo Martins & Dominik Zimon, 2018. "Assessment of Circular Economy within Portuguese Organizations," Sustainability, MDPI, vol. 10(7), pages 1-24, July.
    18. Hélène Cervo & Stéphane Ogé & Amtul Samie Maqbool & Francisco Mendez Alva & Lindsay Lessard & Alexandre Bredimas & Jean-Henry Ferrasse & Greet Van Eetvelde, 2019. "A Case Study of Industrial Symbiosis in the Humber Region Using the EPOS Methodology," Sustainability, MDPI, vol. 11(24), pages 1-32, December.
    19. Vanessa Prieto‐Sandoval & Carmen Jaca & Javier Santos & Rupert J. Baumgartner & Marta Ormazabal, 2019. "Key strategies, resources, and capabilities for implementing circular economy in industrial small and medium enterprises," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1473-1484, November.
    20. Rocio de la Torre & Bhakti S. Onggo & Canan G. Corlu & Maria Nogal & Angel A. Juan, 2021. "The Role of Simulation and Serious Games in Teaching Concepts on Circular Economy and Sustainable Energy," Energies, MDPI, vol. 14(4), pages 1-21, February.

    More about this item

    Keywords

    circular economy; business model; resource ef?ciency; main process;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:brc:brccej:v:4:y:2019:i:4:p:70-79. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cristina GANESCU (email available below). General contact details of provider: http://www.univcb.ro/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.