A Transition to a Circular Economic Environment

Abstract

The circular economy is progressively a way towards a sustainable society. The shift from linear to circular business models concerns the entrepreneurs to adopt new practices. The purpose of this research is to propose circular business models to make the worlds three of the most wasteful industries food, plastic, and fashion more sustainable. This paper is developed based on an extensive literature review and case studies. The proposed framework analyses the challenges of these three industries and prescribes relevant business models and sustainable practices. The findings in circular economy business models suggest elements of businesses that can be adopted by entrepreneurs in any industry to create a circular activity. This research paper gives the entrepreneurial spirit with business tools to achieve sustainability ambition.