2016
DOI: 10.3390/su8111212
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Implementation of Circular Economy Business Models by Small and Medium-Sized Enterprises (SMEs): Barriers and Enablers

Abstract: Small and medium-sized enterprises (SMEs) are increasingly aware of the benefits of closing loops and improving resource efficiency, such as saving material costs, creating competitive advantages, and accessing new markets. At the same time, however, various barriers pose challenges to small businesses in their transition to a circular economy, namely a lack of financial resources and lack of technical skills. The aim of this paper is to increase knowledge and understanding about the barriers and enablers expe… Show more

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Cited by 824 publications
(909 citation statements)
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“…Other implementation studies focus on reviewing and informing policy [13,16,17,[53][54][55][56][57][58][59][60][61][62][63][64][65][66][67], specifically on product design for the CE [8,9,14,[64][65][66] as well as assessments of firms' [67,68], consumers' [69][70][71], and officials' [72] awareness of and attitudes towards the CE's concepts and its components. Two contributions are concerned with business model research [73,74]. More abstract studies seek to define the CE more clearly and assess its future challenges [75][76][77][78] or highlight the social [2,15,79,80] or economic aspects of the concept further [1,18].…”
Section: Article Topicsmentioning
confidence: 99%
“…Other implementation studies focus on reviewing and informing policy [13,16,17,[53][54][55][56][57][58][59][60][61][62][63][64][65][66][67], specifically on product design for the CE [8,9,14,[64][65][66] as well as assessments of firms' [67,68], consumers' [69][70][71], and officials' [72] awareness of and attitudes towards the CE's concepts and its components. Two contributions are concerned with business model research [73,74]. More abstract studies seek to define the CE more clearly and assess its future challenges [75][76][77][78] or highlight the social [2,15,79,80] or economic aspects of the concept further [1,18].…”
Section: Article Topicsmentioning
confidence: 99%
“…The circular economic approach rethinks established linear economic systems, which assume that resources are infinite [19][20][21][22]. The transition towards a circular economy aims to repeatedly reintroduce materials and energy from discarded products into the economic cycle at the same value-added level [23].…”
Section: Circular Economy Specificsmentioning
confidence: 99%
“…Nevertheless, there are barriers to achieving this aim along the whole supply chain. Rizos et al [19] conducted a detailed literature review to identify potential barriers. Luken et al, Mittal and Bey et al supplement this survey of barriers [24][25][26].…”
Section: Circular Economy Specificsmentioning
confidence: 99%
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“…Many of their elements are often interlinked. In some cases businesses can adopt a strategy involving multiple circular processes (see, for example, Rizos et al, 2016).…”
Section: 'Circularmentioning
confidence: 99%