Strategic Management and the Circular Economy


Book Description

In recent years, the Circular Economy (CE) has gained worldwide attention as an effective alternative economic system to the current take-make-waste model of production and consumption. As more and more firms begin to recognize the potential of this novel approach, the CE quickly moves from theory to practice and the demand for a coherent and structured strategic approach – one that companies can rely upon when commencing their circular journey – grows accordingly. Strategic Management and the Circular Economy aims to bridge the theory-practice gap by putting forward a detailed step-by-step process for analysis, formulation, and planning of CE strategies. Starting from a solid framework of easy-to-grasp constructs (key principles, business objectives and areas of intervention), the authors guide the reader through an understanding of how conventional tools for strategic management can be re-programed under a CE perspective. To assist learning and encourage circular thinking, the reader is constantly prompted with examples of how forward-looking companies across industries and geographies are already applying circular strategies to future-proof their operations, boost innovation, penetrate new markets and secure customer loyalty.




Mapping, Managing, and Crafting Sustainable Business Strategies for the Circular Economy


Book Description

As the planet’s natural resources continue to be depleted, society’s environmental awareness has grown. Businesses especially are being coerced into incorporating more sustainable approaches to carrying out their activities. Organizations that develop sustainable business strategies that deliver enhanced value by radically reducing material inputs and engaging consumers on circular economy will be well-positioned for success. Mapping, Managing, and Crafting Sustainable Business Strategies for the Circular Economy is an essential reference source that discusses implementing sustainable business strategies as well as economic policies for the modern business era. Featuring research on topics such as global business, urban innovation, and cost management, this book is ideally designed for managers, operators, manufacturers, academics, practitioners, policymakers, researchers, business professionals, and students seeking coverage on utilizing natural resources in the most sustainable way.







Scalability and Sustainability of Business Models in Circular, Sharing and Networked Economies


Book Description

This book explores many key areas of business science and practice. It is mainly centred on the field of strategic management with a special focus on the concept of business models and the new dimensions of the economy. In terms of economic conditions, the book discusses the principles of the sharing economy, the circular economy, and the networked economy. This multi-faceted approach makes the book holistic, creating a comprehensive image of a multidimensional market. It will appeal to theoreticians and scientists dealing with the issues of building and operationalising innovative business models, as well as students exploring the issues of strategic management and the new economy. Furthermore, it will also be of interest to business practitioners–– both entrepreneurs and top managers––who want to be business virtuosos, who can change their organisations and their business models.




Scalability and Sustainability of Business Models in Circular, Sharing and Networked Economies


Book Description

This book explores many key areas of business science and practice. It is mainly centred on the field of strategic management with a special focus on the concept of business models and the new dimensions of the economy. In terms of economic conditions, the book discusses the principles of the sharing economy, the circular economy, and the networked economy. This multi-faceted approach makes the book holistic, creating a comprehensive image of a multidimensional market. It will appeal to theoreticians and scientists dealing with the issues of building and operationalising innovative business models, as well as students exploring the issues of strategic management and the new economy. Furthermore, it will also be of interest to business practitionersâ "â " both entrepreneurs and top managersâ "â "who want to be business virtuosos, who can change their organisations and their business models.




The Circular Economy Handbook


Book Description

Can we align global production and consumption systems with sustainability? Can business growth actually lead to a healthier planet? Can companies innovate through the circular economy to create competitive advantage and genuine impact? Waste to Wealth proved that the emerging circular economy advantage exists – now Lacy, Long and Spindler show you how to realize it at speed and scale in The Circular Economy Handbook. We stand at a crossroads, with rising geopolitical and geo-economic tensions, massive technological change and a host of social and environmental challenges. We are pushing planetary boundaries to their limits, with climate change and threats to biodiversity and oceans as just a few examples. Significant impacts are already being felt, and both people and planet face potentially catastrophic and irreversible consequences if we don’t urgently change our global model and systems. Our current linear “take, make, waste” models of production and consumption will not be sustainable in a world of some 9 billion people by 2050, especially with ever-expanding rates of consumption. Thriving within these dynamics demands more than incremental adjustments to business-as-usual. The circular economy offers a powerful means to decouple growth from use of scarce and harmful resources, enabling greater production and consumption with fewer negative environmental impacts—at the same time, making companies more innovative and competitive. In fact, this book shows that $4.5 trillion in economic value is at stake. Delivering on the promise of a circular economy demands impact and scale, extending through value chains and, ultimately, disrupting the entire economic system. In The Circular Economy Handbook, the authors illuminate the path from insight to action, from linear to circular. With case studies, advice and practical guidance, they show leaders how to pivot towards a holistic circular organization, embedding circularity internally and delivering broad-based system change. With unique insights across business models, technologies, and industries – featuring stories and real-world examples from circular pioneers – this book is the essential guide to help companies become leaders in the movement to secure the circular economy advantage.




Strategic Management and Sustainability Transitions


Book Description

The subject of sustainability transitions has, in the past decade or so, become an established research field for academics, policy makers and practitioners alike. Conceptual and theoretical developments in the filed have gradually advanced from the perspectives of socio-technical systems and business models. Scholars contend that it is the interactions of the networks of actors, technologies, and institutions that drive transition processes toward sustainability. In this volume we further advance this line of inquiry with a special reference to strategic management of sustainability transitions, in both theory and practice. In theoretical development, we have selected three chapters to encompass the themes of (1) the interactions between ecological systems and human systems; (2) a critique on the continuous expansion of large multinational companies and their strategic control of key resource inputs through the lenses of circular economy and natural resource-based view; and (3) a multi-stakeholder ecosystems framework for the management of sustainability transitions with structural alignment of focal value propositions. The United Nations’ Sustainable Development Goals (SDGs) are critically addressed and empirically examined. It will become an essential reader and a reference book for researchers and postgraduate students interested in strategic management, international business, innovation studies, consumer behavior, and public administration.




Circular Economy and Sustainability


Book Description

The concept of circular economy is based on strategies, practices, policies, and technologies to achieve principles related to reusing, recycling, redesigning, repurposing, remanufacturing, refurbishing, and recovering water, waste materials, and nutrients to preserve natural resources. It provides the necessary conditions to encourage economic and social actors to adopt strategies toward sustainability. However, the increasing complexity of sustainability aspects means that traditional engineering and management/economics alone cannot face the new challenes and reach the appropriate solutions. Thus, this book highlights the role of engineering and management in building a sustainable society by developing a circular economy that establishes and protects strong social and cultural structures based on cross-disciplinary knowledge and diverse skills. It includes theoretical justification, research studies, and case studies to provide researchers, practitioners, professionals, and policymakers the appropriate context to work together in promoting sustainability and circular economy thinking. Volume 1, Circular Economy and Sustainability: Management and Policy, discusses the content of circular economy principles and how they can be realized in the fields of economy, management, and policy. It gives an outline of the current status and perception of circular economy at the micro-, meso-, and macro-levels to provide a better understanding of its role to achieve sustainability. Volume 2, Circular Economy and Sustainability: Environmental Engineering, presents various technological and developmental tolls that emphasize the implementation of these principles in practice (micro-level). It demonstrates the necessity to establish a fundamental connection between sustainable engineering and circular economy. Presents a novel approach linking circular economy concept to environmental engineering and management to promote sustainability goals in modern societies Approaches the topic of production and consumption at both the micro- and macro-levels, integrating principles with practice Offers a range of theoretical and foundational knowledge in addition to case studies that demonstrate the potential impact of circular economy principles on economic and societal progress




Strategic Management in the Innovation Economy


Book Description

Innovative ruptures of traditional boundaries in value chains are requiring companies to rethink how they go to market, what they need to own, what they need to retain and innovate as core competencies, and how they innovatively deal with suppliers and customers. The key message of the book is that the new knowledge-networked innovation economy requires a totally different strategic management mindset, approach and toolbox, and its major value-added is a new strategic management approach and toolbox for the innovation economy - a poised strategy approach. Designed for both managers and advanced business students, the book provides a unique combination of new management theory, selected managerial articles by prominent scholars such as Clayton Christensen, Henry Chesbrough, Sumantra Ghoshal, Quinn Mills, and Peter Senge, and a wide array of real-world case examples including GE, Shell, IBM, HP, BRL Hardy, P&G, Southwest Airlines and McGraw-Hill, within the dynamics of industries such as airlines, energy, telecommunications, wine & beverages, and computing. The authors illustrate powerful new strategic innovation concepts and tools, such as poised strategy for managing multiple business models, poised strategy scorecards (moving beyond the well-known balanced scorecard), the wheel of business model reinvention, and organizational rejuvenation methods. The book includes the concepts of: Poised Strategic Management, Organizational Rejuvenation, Business Models as Platform for Strategy, Poised Scorecards, Identifying Sources of Innovation in Business Ecosystems.




Effective Waste Management and Circular Economy


Book Description

Effective Waste Management and Circular Economy: Legislative Framework and Strategies is an invaluable resource for researchers, policymakers, implementers and PhD, graduate and Under Graduate level students in universities and colleges analysing the legal framework, strategies in waste management, circular economy adoption, use of mathematical and statistical modelling in setting waste management strategies, sanitation and Hygiene in waste management. While huge wastes are wasted by dumping, there is potential of resource circulation by enforcing legislative framework to effective resource utilisation and creating business opportunities. Circularity of resources in waste streams can contribute to a more secure, sustainable, and economically sound future through the followings: Effective legal framework, strategies and policy instruments, Adoption of circular economy and recycling technologies, Support of IoT and appropriate decision making and modelling, Adoption of alternatives to plastics and other hazardous materials, Economic feasibility as business case, commercialisation, generating employment. This book addresses most of the above issues in a lucid manner by experts in the field from different countries, which are helpful for the related stakeholders, edited by experts in the field. Sadhan Kumar Ghosh, Professor at Jadavpur University, internationally well-known expert working in varied interdisciplinary fields including waste management having research collaboration in 40 countries. Sasmita Samanta, Pro-Vice Chancellor, KIIT Deemed to be University, Bhubaneswar, Odisha, India having research experience in management & academic administration. Harish Hirani, Director at CSIR-CMERI, Durgapur, having wider fields of research in IIT Delhi with a number of research collaboration. Carlos RV Silva Filho, Director, Presidente, ABRELPE, Sao Paulo/SP - Brazil & Presidente, International Solid Waste Association, Netherlands has experience of working in number of international projects