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CONCEPTUAL PROBLEMS OF A CIRCULAR ECONOMY FOR BUSINESS MODEL IMPLEMENTATION

Nikolay Katsarski

First published: 2022https://doi.org/10.35603/sws.iscss.2022/s04.039View metrics

Abstract

Nowadays, developing business models is popular. Minimizing costs and maximizing revenue is the basis of every business. To achieve this, it is possible to use simulations of one or multiple variants for circular processes to reduce costs. Inevitably, every business plan needs detailed review and reflection. However, there are conceptual problems with the circular economy. These problems can be distinguished in two directions - at the state and business levels. At the state level, the problems are: political, legal, economic, social, environmental, etc. For business, the issues are related to material prices (fuel, lubricants, etc.), human, financial, technical, and technological, government support and sanctions, etc. The purpose of this paper is to outline the problem areas concerning the development and implementation of a circular business model. The use of virtual space and software technologies will enable the testing of different business models that can be defended at the local and European levels to lead to the desired outcome.

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Publication details

Title
CONCEPTUAL PROBLEMS OF A CIRCULAR ECONOMY FOR BUSINESS MODEL IMPLEMENTATION
Authors
Nikolay Katsarski
Proceedings
Proceedings of 9th SWS International Scientific Conference on Social Sciences - ISCSS 2022
Publisher
SGEM WORLD SCIENCE (SWS) Scholarly Society
Year
2022
Pages
327-334
SWS Citekey
Katsarski2022327334
ISSN
2682-9959
ISBN
978-3-903438-04-0
Language
en
Publication type
Proceedings Paper
Keywords
circular economybusiness model implementationconceptual problem
References5

  1. Nogalski B., Szpitter A. Jablonski M. Networked Business Models in the Circular Economy 2020 by IGI Global ISSN:2327-5677 p.232

  2. Angelis RBusiness Models in the Circular Economy Concepts, Examples and Theory 2018 ISBN 978-3-319-75126-9 p.58

  3. Wiesmeth H. Implementing the Circular Economy for Sustainable Development 2021 Elsevier Inc. ISBN: 978-0-12-821798-6 p. 196

  4. V. Rizos et al., Implementation of circular economy business models by small and medium-sized enterprises (SMEs): Barriers and enablers. Sustainability (Switzerland). 8 (2016), DOI: 10.3390/su8111212.

    View DOICrossrefGoogle ScholarWeb of ScienceScopusOpenCitations

  5. Nogalski B., Szpitter A. Jablonski M. Networked Business Models in the Circular Economy 2020 by IGI Global ISSN:2327-5677 p.32

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