Abstract
Circular economy is used as a global language to advance solutions for sustainability consumption and production systems. The circular economy approach aims at improving resource efficiency and effectiveness through a variety of innovations based on the retention of the value of products and their resources. The circular economy approach adds a business model focus for scaling solutiongs to the field of corporate sustainability. Circular solutions require companies and entrepreneurs to acquire a strategic vision on how circularity can be best put into practice and to determine operational capacity to design and adopt circular practices. Translating corporate strategy on circularity into actions entails learning on the integration of sustainability criteria into business strategy and processes, comprehensively linking physical and social organizational dynamics. In this chapter, a learning cycle for transformative change is presented, balancing physical and social impact creation, as part of the company's value creation practices. To understand the feedback loops in detail, the adoption of the circular economy approach is analyzed at diverse scales, such as the business system context (macro), the value chain (meso), and the organization (micro). At every scale, mechanisms to adopt circular solutions are discussed and detailed questions for self-reflection are posed, as tools for organizations to translate corporate strategy on circularity into actions.
Original language | English |
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Title of host publication | De Gruyter Handbook of Sustainable Entrepreneurship Research |
Editors | Gjalt de Jong, Niels Faber, Emma Folmer, Tom Long, Berfu Ünal |
Publisher | De Gruyter |
Pages | 307-322 |
Number of pages | 16 |
ISBN (Electronic) | 9783110756159 |
ISBN (Print) | 9783110755978 |
DOIs | |
Publication status | Published - Oct 2023 |
Bibliographical note
Publisher Copyright:© 2023 Walter de Gruyter GmbH. All rights reserved.
Keywords
- Circular economy
- Feedback loop
- Transformative organizational learning
- Transition