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Businesses And The Circular Economy-Quo Vadis?

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  • Alexandra BUNOAICA

Abstract

In the contemporary business environment marked by uncertainty and rapid changes, it is imperative for firms to adapt to new challenges by identifying strategies that ensure sustainability and long-term success. One of the significant approaches that emerge in response to these challenges is the circular economy. This paper offers an analysis in compedium of this paradigm and how companies can adopt practices and strategies derived from the principles of the circular economy, to maximize their resilience and performance in the face of challenges. Additionally, trends that can influence the evolution of circularity are examined. This study draw attention to the fact that enterprises are the driving force of the economy, so engaging entrepreneurship is a sine qua non condition for the transition to a circular economy. The circular economy, in essence, can be viewed as a modus vivendi for business sustainability and the achievement of sustainable development goals.

Suggested Citation

  • Alexandra BUNOAICA, 2023. "Businesses And The Circular Economy-Quo Vadis?," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(1), pages 450-460, November.
    • Handle: RePEc:rom:mancon:v:17:y:2023:i:1:p:450-460
    DOI: 10.24818/IMC/2023/03.05
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    References listed on IDEAS

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    1. Kirchherr, Julian & Reike, Denise & Hekkert, Marko, 2017. "Conceptualizing the circular economy: An analysis of 114 definitions," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 221-232.
    2. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808, Decembrie.
    3. Parida, Vinit & Burström, Thommie & Visnjic, Ivanka & Wincent, Joakim, 2019. "Orchestrating industrial ecosystem in circular economy: A two-stage transformation model for large manufacturing companies," Journal of Business Research, Elsevier, vol. 101(C), pages 715-725.
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