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New business models in the Circular Economy

Author

Listed:
  • Dragomir Voicu D.

    (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Duţescu Adriana

    (The Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Circular Economy is becoming an important part of the trend on global business development. Companies and public organizations are facing new challenges and strive to integrate fresh concepts and instruments within their value chains. Strategic environmental goals are based upon reused resources and reintegrated materials, reduced carbon emissions, renewable energy, innovation, and overall optimization of models and processes. Governmental agencies are also preoccupied to enact specific regulations, to favor the economic and social integration of the circular economy. The advantages of the 6 R’s integration (recycle, reuse, reduce, repair, remanufacture, redesign) for businesses are straightforward, from cost optimizations, price volatility control, to increased automation and innovation.

Suggested Citation

  • Dragomir Voicu D. & Duţescu Adriana, 2022. "New business models in the Circular Economy," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 16(1), pages 792-804, August.
    • Handle: RePEc:vrs:poicbe:v:16:y:2022:i:1:p:792-804:n:11
    DOI: 10.2478/picbe-2022-0074
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    References listed on IDEAS

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    1. Raffaele Isernia & Renato Passaro & Ivana Quinto & Antonio Thomas, 2019. "The Reverse Supply Chain of the E-Waste Management Processes in a Circular Economy Framework: Evidence from Italy," Sustainability, MDPI, vol. 11(8), pages 1-19, April.
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