An Economic Exploration of Business Models that aim to reduce Waste
Loading...
URL
Journal Title
Journal ISSN
Volume Title
School of Business |
Bachelor's thesis
Unless otherwise stated, all rights belong to the author. You may download, display and print this publication for Your own personal use. Commercial use is prohibited.
Authors
Date
2021
Department
Major/Subject
Mcode
Degree programme
(Mikkeli) Bachelor’s Program in International Business
Language
en
Pages
73
Series
Abstract
The main objectives of this study were to explore what are the most prominent business models that aim at reducing waste – circular business models. Also, the impact on stakeholders and the influence of cultural traditions were studied to evaluate the effectiveness and difficulty of integrating a circular business model. The research interviewed experienced people that have worked on projects, which focused on integrating circular business models. The information retrieved produced a case study on SWM’s Cocoa Paper and a critical summary of the interviewee’s thoughts on circular business models. Based on the qualitative data, the most prominent circular business model depends from case to case, however, the current most utilized ones are the ‘Circular Supply Chain model’, and ‘Recovery and Recycling model’, especially in the B2B market. Cultural implications to this topic are very present in the modern-day, especially between the US and EU. Governments have a key role in the transition and must be willing to aid and regulate to shift our economy to a circular one.Description
Thesis advisor
Zieba, MartaKeywords
Sustainability, Circular Economy, Culture, Models, Environment, Industries, Europe, United States