Circular economy adoption by SMEs in emerging markets: Towards a multilevel conceptual framework

Malik, Ashish; Sharma, Piyush; Vinu, Ajayan; Karakoti, Ajay; Kaur, Kamalpreet; Gujral, Harpreet Singh; Munjal, Surender; Laker, Benjamin

doi:10.1016/j.jbusres.2021.12.076

Cited by 60 publications

(27 citation statements)

References 88 publications

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“…Proper LCA needs to be measured by experienced and skilled staff. A similar study conducted by Malik et al (2022) highlighted a crucial requirement to make available tax benefits for CE adoption. Moreover, the authors also highlighted the role of arousing awareness among stakeholders to achieve CE goals.…”

Section: Discussionmentioning

confidence: 97%

Examining the roadblocks of circular economy adoption in micro, small, and medium enterprises (MSME) through sustainable development goals

2022

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The linear economy model is being transformed into a circular model to positively impact the environment, society, business, and sustainable development goals. However, emerging economies such as India face many significant roadblocks adapting to a circular model. Therefore, this study attempts first to assess and visualize the roadblocks in circular economy adoption in Indian micro, small, and medium enterprises (MSME) and then identify and evaluate the solutions to overcome these roadblocks. This paper explores 31 critical roadblocks and proposes 14 solutions in the pathway of circular economy through extant literature and expert inputs. Graph theory matrix approach (GTMA) is applied to calculate the comprehensive circular economy roadblock index. This value signifies the intensity of roadblocks taken altogether in an industry under consideration. Furthermore, fuzzy stepwise weight assessment ratio analysis (fuzzy‐SWARA) is used to compute the weights of individual roadblocks. After that, fuzzy‐weighted aggregated sum product assessment (fuzzy‐WASPAS) is used to rank the identified solutions and efficiently implement a circular economy. Finally, the research presents sensitivity analysis and the theoretical and managerial implications of the findings.

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Section: Discussionmentioning

confidence: 97%

Examining the roadblocks of circular economy adoption in micro, small, and medium enterprises (MSME) through sustainable development goals

2022

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“…We lack an understanding of the adoption of I4.0-based technologies related to the CE in real-life settings of SMEs (Centobelli et al, 2020). In particular, minimal research investigated how Industry 4.0 can support the implementation of CE in SMEs in emerging markets, a literature gap indicated by Malik et al (2022). Our findings fill out this gap by indicating that Industry 4.0 could facilitate SMEs in CE markets to gain and maintain organizational legitimacy via two mechanisms: conforming and transcending, and ultimately capturing value from CE adoption.…”

Section: Discussionmentioning

confidence: 99%

“…There has been abundant conceptual and empirical research indicating how Industry 4.0 could facilitate the adoption of innovative circular business models, resource-efficient intra-and inter-organizational processes, and delivering products and services adhering to CE objectives (Chauhan et al, 2022;Schuh et al, 2014;Fisher et al, 2017). Although these studies provide evidence on the enabling role of Industry 4.0 in achieving CE objectives, there is a paucity of empirical research crystalizing how Industry 4.0 could facilitate SMEs in emerging markets to profit from CE adoption in practice (Malik et al, 2022), especially from a legitimacy perspective.…”

Section: Introductionmentioning

confidence: 99%

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Understanding circular economy adoption by SMEs: a case study on organizational legitimacy and Industry 4.0

Zheng¹,

Wang

Lin

et al. 2022

IMDS

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PurposeThis paper explores how Industry 4.0 facilitates small and medium-sized enterprises (SMEs) in emerging markets to gain and maintain organizational legitimacy from the government and market and capture value from circular economy (CE) adoption in their businesses.Design/methodology/approachThe authors conduct an in-depth, multistakeholder case study in an SME in China’s hazardous waste recycling and re-utilization industry and apply a qualitative analysis.FindingsThe findings show that Industry 4.0 could facilitate SMEs to gain organizational legitimacy through two mechanisms, namely conforming and transcending. Conforming results in baseline-level outcomes to obtain legitimacy while transcending leads to ecosystem value-cocreation, which goes beyond government expectations and reinforces SMEs' legitimacy.Originality/valueThe authors validated the enabling role of Industry 4.0 in CE adoption in SMEs and have generated legitimation processes and strategies that facilitate SMEs to capture value from CE adoption.

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“…They argue that the development of industrial symbiosis networks is path-dependent and contingent on a broad range of contextual conditions. More recently, Zhu et al (2022) and Malik et al (2022) developed conceptual frameworks outlining the various micro-, meso-, and macro-factors influencing the adoption of CE in emerging market SMEs. Urbinati et al (2021) developed a framework of micro-, meso-, and macro-level enablers and barriers and assessed the importance of each in a survey of the Italian automotive industry.…”

Section: Pss Circularity and The Multi-level Perspectivementioning

confidence: 99%

The circularity of product-service systems: the role of macro-, meso- and micro-level contextual factors

Kühl

Skipworth

Bourlakis

et al. 2022

IJOPM

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PurposeThis paper aims to examine the relationships between macro-, meso- and micro-level contextual factors that enable or inhibit the contribution of product service systems (PSS) to circularity. It is informed by the natural resource-based view (NRBV) and the multi-level perspective as theoretical lenses.Design/methodology/approachA theory elaboration approach is used through three in-depth case studies of UK and German manufacturers. Case studies provide use- and result-oriented PSS for personal computers, power tools and wind turbines. Multiple sources of evidence, including 20 semi-structured interviews, company documents and quantitative data, are triangulated to improve the validity of the results.FindingsEmpirical evidence for relationships between macro-, meso- and micro-level contextual factors show significant barriers to the extending and cycling of resource loops, primarily through maintenance, repairs and refurbishment. A firm’s environmental awareness has a determining role in the contribution of PSS to circularity. The evidence from two use-oriented PSS reveals different circularity maturity levels.Originality/valueThis research makes three key contributions. Firstly, it elaborates on NRBV by showing that a firm’s environmental awareness determines product stewardship. The type of product stewardship practices depends on the enabling and inhibiting effects of macro- and meso-level factors. Secondly, it shows that use-oriented PSS have different circularity profiles and proposes three circularity maturity levels. Finally, it provides an empirically validated framework of macro-, meso- and micro-level enablers and barriers and how they interact to enable or inhibit circularity in PSS.

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Circular economy adoption by SMEs in emerging markets: Towards a multilevel conceptual framework

Cited by 60 publications

References 88 publications

Examining the roadblocks of circular economy adoption in micro, small, and medium enterprises (MSME) through sustainable development goals

Examining the roadblocks of circular economy adoption in micro, small, and medium enterprises (MSME) through sustainable development goals

Understanding circular economy adoption by SMEs: a case study on organizational legitimacy and Industry 4.0

The circularity of product-service systems: the role of macro-, meso- and micro-level contextual factors

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