Affiliation:
1. University of Szczecin Institute of Management
2. University of Szczecin Institute of Management, Doctoral School
Abstract
A business model is a primary entity that cannot be separated from a company. It starts from a linear one that only considers raw materials to finished goods to a circular business model that considers waste treatment and extends the product life cycle to the maximum. This shift was triggered by the innovation process rooted in environmental problems (climate change, global warming, and others) that made companies slowly opt for a circular economy because of limited resources. The business model is a strategic tool to implement the circular economy in companies and increase the company’s value. This paper aims to identify the relationship between the circular business model and the circular economy in theory and practice. The literature review study was taken from the two largest journal sources, namely Scopus and World of Science (WoS), and then processed with VosViewer to analyze the relationship of the topic between existing papers. The results show a positive relationship between the circular business model and the circular economy and provide literature recommendations to readers regarding the theory and implementation of the circular business model.
Publisher
Towarzystwo Naukowe Organizacji i Kierownictwa