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Establishing Circular Model and Management Benefits of Enterprise from the Circular Economy Standpoint: A Case Study of Chyhjiun Jewelry in Taiwan

Author

Listed:
  • Jui-Che Tu

    (Graduate School of Design, National Yunlin University of Science and Technology, Yunlin 64002, Taiwan)

  • Hsiao-Ching Chan

    (Graduate School of Design, National Yunlin University of Science and Technology, Yunlin 64002, Taiwan)

  • Chi-Hsiung Chen

    (Department of Creative Product Design, ASIA University, Taichung 41354, Taiwan)

Abstract

Upon the development of a linear economy, global enterprises are facing resource depletion, ecological collapse, and unsustainable economic growth, and the living environment is facing ordeals as well. Taiwan’s resources are extremely dependent on imports; hence the need for change in the thinking of economic development is arising. The purpose of this study is, based on the concept of circular economy, to discuss the business model and anticipated benefits of Chyhjiun Jewelry Co. Ltd., by using the method of expert interview, participant observation, and method of secondary data collection with the ReSOLVE framework. The results of the study found the developable ReSOLVE business model of the target company Chyhjiun Jewelry in our case study; the ReSOLVE business model includes the use of renewable energy, maintenance and repair services, modular product design, a recovery mechanism, a virtual online shopping platform, and 3D printing technologies. The model established enterprise recycling model as well as the benefits of green management, of which the research results could reduce costs, help the company in exercising its corporate social responsibility, add value to the brand, and generate anticipated benefits arising from other enterprises’ follow-up actions.

Suggested Citation

  • Jui-Che Tu & Hsiao-Ching Chan & Chi-Hsiung Chen, 2020. "Establishing Circular Model and Management Benefits of Enterprise from the Circular Economy Standpoint: A Case Study of Chyhjiun Jewelry in Taiwan," Sustainability, MDPI, vol. 12(10), pages 1-14, May.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:10:p:4146-:d:360059
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    Citations

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    Cited by:

    1. Teen-Hang Meen & Charles Tijus & Jui-Che Tu, 2020. "Selected Papers from the Eurasian Conference on Educational Innovation 2020," Sustainability, MDPI, vol. 12(15), pages 1-5, July.
    2. Maryam Hina & Chetna Chauhan & Rajat Sharma & Amandeep Dhir, 2023. "Circular economy business models as pillars of sustainability: Where are we now, and where are we heading?," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 6182-6209, December.
    3. Javier Maldonado-Romo & Mario Aldape-Pérez, 2021. "Sustainable Circular Micro Index for Evaluating Virtual Substitution Using Machine Learning with the Path Planning Problem as a Case Study," Sustainability, MDPI, vol. 13(23), pages 1-19, December.
    4. Henrique Oliveira & Víctor Moutinho, 2021. "Renewable Energy, Economic Growth and Economic Development Nexus: A Bibliometric Analysis," Energies, MDPI, vol. 14(15), pages 1-28, July.

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