Circular Economy Business Models: Entrepreneurial Approaches to Zero-Waste Value Chains
摘要
This chapter contributes to the CEBM literature and their application in response to environmental and financial pressures from an increasingly linear economy. This analysis explores the mechanisms through which entrepreneurial firms contribute to eco-innovation in pursuit of the United Nations Sustainable Development Goals (SDGs). The relevant SDGs are: SDG 12—Responsible Consumption and Production; SDG 9—Industry, Innovation and Infrastructure; SDG 13—Climate Action. This chapter assesses qualitative research through case studies to define various business and entrepreneurial approaches to CEBMs across industries that have experienced successful implementation. Entrepreneurial approaches include PaaS (Product-as-a-Service), green engineering, re-manufacturing, and upcycling; the potential of emerging technologies is explored, such as blockchain, AI (artificial intelligence), and IoT (Internet of Things). This research notes deficiencies and obstacles presented by the lack of universal standards and consumer acceptance. However, the necessity of interdisciplinary collaboration for achieving successful outcomes is highlighted. Findings reveal CEBMs reduce waste, enhance resource efficiency, and facilitate climate change efforts. Innovative entrepreneurial solutions offer replicable circular economy models, improving supply chain transparency and fostering innovation across multiple sectors. The chapter concludes by providing pathways of success for circular economy endeavors, assisting both entrepreneurial organizations and policymakers in their transition. This chapter contributes to the existing body of knowledge through an assessment of entrepreneurial interventions within a CEBM framework and their projected contribution to sustainable development goals. Policy intervention and engagement, community involvement, and other regulated endeavors are recommended to ultimately realize the potential of the models for contribution to a sustainable future. The chapter’s emphasis on tactical interventions promotes a call to action for stakeholders in the circular economy to prioritize sustainable, waste-free outcomes.