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Systems resilience and SME multilevel challenges: A place-based conceptualization of the circular economy

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  • Howard, Mickey
  • Böhm, Steffen
  • Eatherley, Dan

Abstract

This article presents a place-based systems perspective of the sustainability of small and medium-sized enterprises, exploring the multilevel challenges in transitioning towards a circular economy. We develop a conceptual model showing that, as circular economy systems and their resilience reside at the intersection of business, societal and ecosystem value, place-based coordination and cross-institutional organizing matter. Using the case of Devon and Cornwall in the south-west of England, we argue SMEs who recognize the role of placed-based societal identities and ecosystems not only become more resilient, but their considerations for community welfare and labour are intertwined with geographic-specific natural capital and the circular economy. Yet place-based circular systems are characterized by tensions and trade-offs, suggesting survival of one is dependent on the circulation of resources in another. Our contribution is to theorize the role of SMEs in place-based circular system resilience, understanding the organizational mechanisms of local cooperation and value sharing.

Suggested Citation

  • Howard, Mickey & Böhm, Steffen & Eatherley, Dan, 2022. "Systems resilience and SME multilevel challenges: A place-based conceptualization of the circular economy," Journal of Business Research, Elsevier, vol. 145(C), pages 757-768.
    • Handle: RePEc:eee:jbrese:v:145:y:2022:i:c:p:757-768
    DOI: 10.1016/j.jbusres.2022.03.014
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    2. Teng Ma & Ya Liu & Rongyan Jia, 2023. "Multiple Driving Paths of High-Tech SME Resilience from a “Resource–Capability–Environment” Perspective: An fsQCA Approach," Sustainability, MDPI, vol. 15(10), pages 1-23, May.

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