Production
http://www.production.periodikos.com.br/article/doi/10.1590/0103-6513.20210008
Production
Systematic Review

The new business is circular? Analysis from the perspective of the circular economy and entrepreneurship

Edson Luis Kuzma; Simone Sehnem; Hilka Pelizza Vier Machado; Lucila Maria de Souza Campos

Downloads: 0
Views: 493

Abstract

Paper aims: The objective of this article is to explore the relationship between circular economy and entrepreneurship, to propose an agenda for future research to advance in the field and generate managerial implications.

Originality: The study helps to identify the research profile and enable the development of a logical structure for analyzing entrepreneurship carried out in the specific context of companies operating under the guidance of the circular economy.

Research method: The method is a systematic literature review, peer-reviewed and indexed in ten databases. The research protocol adopted aimed at: i) searching and searching the databases, ii) sorting and selecting the literature, iii) coding and analyzing the data.

Main findings: The results point to: i) predominance of causation logic in the market environment, ii) attention to the creation of relationship and value networks, iii) entrepreneurship aimed at valorization, iv) focus on innovation in production, regional development and exploitation of market failures.

Implications for theory and practice: The main contribution of the study is to consolidate the knowledge in the field of circular economy and entrepreneurship, still little explored. The results provide a basis for managers and decision-makers to expand their business and create new models based on the circular economy.

Keywords

Circular economy, Entrepreneurship, Circular business models, Entrepreneurial behavior, Sustainability

References

Accenture Strategy. (2015). SMARTer2030: ICT solutions for 21st century challenges (Tech. Rep.). Brussels: The Global eSustainability Initiative (GeSI).

Alonso-Almeida, M. M., Rodriguez-Anton, J. M., Bagur-Femenías, L., & Perramon, J. (2021). Institutional Entrepreneurship enablers to promote circular economy in the European Union: Impacts on transition towards a more circular economy. Journal ofCleaner Production, 281, 124841. http://dx.doi.org/10.1016/j.jclepro.2020.124841.

Amoako, G. K., Bonsu, G. A., Caesar, L. D., & Osei-Tete, F. (2021). Finding the nexus between green supply chain practices and sustainable business advantage: an emerging market perspective. Management of Environmental Quality, 32(6), 1133-1149. http://dx.doi.org/10.1108/MEQ-12-2019-0287.

Antikainen, M., & Valkokari, K. (2016). A framework for sustainable circular business model innovation. Technology Innovation Management Review, 6(7), 1-12.

Ardichvili, A., Cardozo, R., & Ray, S. (2003). Theory of Entrepreneurial opportunitty, identification and development. Journal of Business Venturing, 18(1), 105-123. http://dx.doi.org/10.1016/S0883-9026(01)00068-4.

Bansal, A. K., Das, G., Pandey, S., Ghosh, A., Kapoor, S., Qadeer, M. S., Singh, I. V., & Gani, K. M. (2020). Implementation of Sustainable Green Technologies in Waste Management. Journal of Public Affairs, e2319.

Baron, R., & Shane, S. (2007). Entrepreneurship: a process perspective. Toronto: Nelson Education.

Bocken, N., Boons, F., & Baldassarre, B. (2019). Sustainable business model experimentation by understanding ecologies of business models. Journal of Cleaner Production, 208, 1498-1512. http://dx.doi.org/10.1016/j.jclepro.2018.10.159.

Brendzel-Skowera, K. (2019). Circular economy in the development of sustainable entrepreneurship. In Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision (pp. 8390-8399). King of Prussia, PA: International Business Information Management Association.

Bressanelli, G., Saccani, N., Pigosso, D. C., & Perona, M. (2020). Circular economy in the WEEE industry: a systematic literature review and a research agenda. Sustainable Production and Consumption, 23, 174-188. http://dx.doi.org/10.1016/j.spc.2020.05.007.

Bundgaard, A. M., Mosgaard, M. A., & Remmen, A. (2017). From energy efficiency towards resource efficiency within the Ecodesign Directive. Journal of Cleaner Production, 144, 358-374. http://dx.doi.org/10.1016/j.jclepro.2016.12.144.

Burzyńska, D., Jabłońska, M., & Dziuba, R. (2018). Opportunities and conditions for the development of green entrepreneurship in the polish textile sector. Fibres & Textiles in Eastern Europe, 26(2), 13-19. http://dx.doi.org/10.5604/01.3001.0011.5733.

Canto, N. R., Bossle, M. B., Marques, L., & Dutra, M. (2021). Supply chain collaboration for sustainability: a qualitative investigation of food supply chains in Brazil. Management of Environmental Quality, 32(6), 1210-1232. http://dx.doi.org/10.1108/MEQ-12-2019-0275.

Carballo‐Penela, A., & Castromán‐Diz, J. L. (2015). Environmental policies for sustainable development: an analysis of the drivers of proactive environmental strategies in the service sector. Business Strategy and the Environment, 24(8), 802-818. http://dx.doi.org/10.1002/bse.1847.

Chiappetta Jabbour, C. J., Sarkis, J., Lopes de Sousa Jabbour, A. B., Scott Renwick, D. W., Singh, S. K., Grebinevych, O., Kruglianskas, I., & Filho, M. G. (2019). Who is in charge? A review and a research agenda on the ‘human side’ of the circular economy. Journal of Cleaner Production, 222, 793-801. http://dx.doi.org/10.1016/j.jclepro.2019.03.038.

Coase, D. (2004). The institutional structure of production. In C. Ménard & M. Shirley (Eds.), Handbook of new institutional economics. The Netherlands: Kluwer Academic Press.

Criado-Gomis, A., Iniesta-Bonillo, M. Á., & Cervera-Taulet, A. (2018). Sustainable entrepreneurial orientation within an intrapreneurial context: effects on business performance. The International Entrepreneurship and Management Journal, 14(2), 295-308. http://dx.doi.org/10.1007/s11365-018-0503-x.

Criado-Gomis, A., Iniesta-Bonillo, M. Á., & Cervera-Taulet, A. (2018). Sustainable entrepreneurial orientation within an intrapreneurial context: effects on business performance. The International Entrepreneurship and Management Journal, 14(2), 295-308. http://dx.doi.org/10.1007/s11365-018-0503-x.

Cullen, U. A., & De Angelis, R. (2021). Circular entrepreneurship: A business model perspective. Resources, Conservation and Recycling, 168, 105300. http://dx.doi.org/10.1016/j.resconrec.2020.105300.

D'Amato, D., Veijonaho, S., & Toppinen, A. (2020). Towards sustainability? Forest-based circular bioeconomy business models in Finnish SMEs. Forest policy and economics, 170, 101848. https://doi.org/10.1016/j.forpol.2018.12.004.

Davies, I. A., & Chambers, L. (2018). Integrating hybridity and business model theory in sustainable entrepreneurship. Journal of Cleaner Production, 177, 378-386. http://dx.doi.org/10.1016/j.jclepro.2017.12.196.

Defourny, J., & Nyssens, M. (2012). Conceptions of social enterprise in Europe: a comparative perspective with the United States. In B. Gidron & Y. Hasenfeld (Eds.), Social enterprises (pp. 71-90). London: Palgrave Macmillan. http://dx.doi.org/10.1057/9781137035301_4.

Demirel, P., & Danisman, G. O. (2019). Eco-innovation and firm growth in the circular economy: Evidence from European small- and medium-sized enterprises. Business Strategy and the Environment, 28(8), 1608-1618. http://dx.doi.org/10.1002/bse.2336.

Fernandes, S. C., Pigosso, D. C., McAloone, T. C., & Rozenfeld, H. (2020). Towards product-service system oriented to circular economy: A systematic review of value proposition design approaches. Journal of Cleaner Production, 257, 120507. http://dx.doi.org/10.1016/j.jclepro.2020.120507.

Flygansvær, B., Dahlstrom, R., & Nygaard, A. (2019). Green innovation in recycling: a preliminary analysis of reversed logistics in Norway. World Review of Entrepreneurship, Management and Sustainable Development, 15(6), 719-733. http://dx.doi.org/10.1504/WREMSD.2019.104860.

Frishammar, J., & Parida, V. (2019). Circular business model transformation: A roadmap for incumbent firms. California Management Review, 61(2), 5-29. https://doi.org/10.1177/0008125618811926.

Grinevich, V., Huber, F., Karataş-Özkan, M., & Yavuz, Ç. (2017). Green entrepreneurship in the sharing economy: utilising multiplicity of institutional logics. Small Business Economics, 52(4), 859-876. http://dx.doi.org/10.1007/s11187-017-9935-x.

Hahn, R., Spieth, P., & Ince, I. (2018). Business model design in sustainable entrepreneurship: Illuminating the commercial logic of hybrid businesses. Journal of Cleaner Production, 176, 439-451. http://dx.doi.org/10.1016/j.jclepro.2017.12.167.

Havierniková, K., & Kordoš, M. (2019). Selected risks perceived by SMEs related to sustainable entrepreneurship in case of engagement into cluster cooperation. Entrepreneurship and Sustainability Issues, 6(4), 1680-1693. http://dx.doi.org/10.9770/jesi.2019.6.4(9).

Henry, M., Bauwens, T., Hekkert, M., & Kirchherr, J. (2020). A typology of circular start-ups: An Analysis of 128 circular business models. Journal of Cleaner Production, 245, 118528. http://dx.doi.org/10.1016/j.jclepro.2019.118528.

Heshmati, A. (2017). A Review of the Circular Economy and its Implementation. International Journal of Green Economics, 11(3-4), 251-288. http://dx.doi.org/10.1504/IJGE.2017.089856.

Isenberg, D. J. (2010). How to start an entrepreneurial revolution. Harvard Business Review, 88(6), 40-50.

Julianelli, V., Caiado, R. G. G., Scavarda, L. F., & Cruz, S. P. D. M. F. (2020). Interplay between reverse logistics and circular economy: critical success factors-based taxonomy and framework. Resources, Conservation and Recycling, 158, 104784. http://dx.doi.org/10.1016/j.resconrec.2020.104784.

Julien, P. A. (2010). Empreendedorismo regional e economia do conhecimento. São Paulo: Saraiva.

Khan, R., Awan, T. M., Fatima, T., & Javed, M. (2021). Driving forces of green consumption in sharing economy. Management of Environmental Quality, 32(1), 41-63. http://dx.doi.org/10.1108/MEQ-03-2020-0052.

Kinnunen, P. H.-M., & Kaksonen, A. H. (2019). Towards circular economy in mining: Opportunities and bottlenecks for tailings valorization. Journal of Cleaner Production, 228, 153-160. http://dx.doi.org/10.1016/j.jclepro.2019.04.171.

Konietzko, J., Baldassarre, B., Brown, P., Bocken, N., & Hultink, E. J. (2020). Circular business model experimentation: Demystifying assumptions. Journal of Cleaner Production, 277, 122596. http://dx.doi.org/10.1016/j.jclepro.2020.122596.

Kravchenko, M., Pigosso, D. C., & McAloone, T. C. (2020). A procedure to support systematic selection of leading indicators for sustainability performance measurement of circular economy initiatives. Sustainability, 12(3), 951. http://dx.doi.org/10.3390/su12030951.

Kristensen, H. S., & Mosgaard, M. A. (2020). A review of micro level indicators for a circular economy–moving away from the three dimensions of sustainability? Journal of Cleaner Production, 243, 118531. http://dx.doi.org/10.1016/j.jclepro.2019.118531.

Lazarevic, D., Kautto, P., & Antikainen, R. (2020). Finland’s wood-frame multi-storey construction innovation system: analysing motors of creative destruction. Forest Policy and Economics, 110, 101861. http://dx.doi.org/10.1016/j.forpol.2019.01.006.

Lynde, R. (2020). Innovation & entrepreneurship driving food system transformation. Physiology & Behavior, 220, 112866. http://dx.doi.org/10.1016/j.physbeh.2020.112866. PMid:32156557.

Makropoulos, C., Rozos, E., Tsoukalas, I., Plevri, A., Karakatsanis, G., Karagiannidis, L., Makri, E., Lioumis, C., Noutsopoulos, C., Mamais, D., Rippis, C., & Lytras, E. (2018). Sewer-mining: a water reuse option supporting circular economy, public service provision and entrepreneurship. Journal of Environmental Management, 216, 285-298. http://dx.doi.org/10.1016/j.jenvman.2017.07.026. PMid:28728973.

Malecki, E. J. (2011). Connecting local entrepreneurial ecosystems to global innovation networks: open innovation, double networks and knowledge integration. International Journal of Entrepreneurship and Innovation Management, 14(1), 36-59. http://dx.doi.org/10.1504/IJEIM.2011.040821.

Manesh, S. M., & Rialp-Criado, A. (2018). International ecopreneurs: The case of eco-entrepreneurial new ventures in the renewable energy industry. Journal of International Entrepreneurship, 17(1), 103-126. http://dx.doi.org/10.1007/s10843-017-0222-3.

Millette, S., Eiríkur Hull, C., & Williams, E. (2020). Business incubators as effective tools for driving circular economy. Journal of Cleaner Production, 266, 121999. http://dx.doi.org/10.1016/j.jclepro.2020.121999.

Morris, M. H., Neumeyer, X., & Kuratko, D. (2015). A portfolio perspective on entrepreneurship and economic development. Small Business Economics, 45(4), 713-728. http://dx.doi.org/10.1007/s11187-015-9678-5.

Naudé, W. (2011). Entrepreneurship is not a binding constraint on growth and development in the poorest countries. World Development, 39(1), 33-44. http://dx.doi.org/10.1016/j.worlddev.2010.05.005.

Neumeyer, X., & Santos, S. C. (2018). Sustainable business models, venture typologies, and entrepreneurial ecosystems: a social network perspective. Journal of Cleaner Production, 172, 4565-4579. http://dx.doi.org/10.1016/j.jclepro.2017.08.216.

Nikolaou, I. E., Tsagarakis, K. P., & Tasopoulou, K. (2018). An examination of ecopreneurs’ incentives through a combination between institutional and resource-based approach. Management of Environmental Quality, 29(2), 195-215. http://dx.doi.org/10.1108/MEQ-01-2017-0004.

Peiró, L. T., Polverini, D., Ardente, F., & Mathieux, F. (2020). Advances towards circular economy policies in the EU: the new Ecodesign regulation of enterprise servers. Resources, Conservation and Recycling, 154, 104426. http://dx.doi.org/10.1016/j.resconrec.2019.104426.

Pizzi, S., Leopizzi, R., & Caputo, A. (2021). The enablers in the relationship between entrepreneurial ecosystems and the circular economy: the case of circularity. com. Management of Environmental Quality. In press. http://dx.doi.org/10.1108/MEQ-01-2021-0011.

Randles, S., & Laasch, O. (2015). Theorising the Normative Business Model. Organization & Environment, 29(1), 53-73. http://dx.doi.org/10.1177/1086026615592934.

Razminiene, K. (2019). Circular economy in clusters’ performance evaluation. Equilibrium. Quarterly Journal of Economics and Economic Policy, 14(3), 537-559. http://dx.doi.org/10.24136/eq.2019.026.

Rey-Martí, A., Díaz-Foncea, M., & Alguacil-Marí, P. (2021). The determinants of social sustainability in work integration social enterprises: the effect of entrepreneurship. Economic Research-Ekonomska Istraživanja, 34(1), 929-947. http://dx.doi.org/10.1080/1331677X.2020.1805348.

Sarasvathy, S. D. (2001). Causation and Effectuation: Towards a theoretical shift from economic inevitability to entrepreneurial contingency. Academy of Management Review, 26(2), 243-288. http://dx.doi.org/10.2307/259121.

Sarasvathy, S. D. (2008). Effectuantion: elements of entrepreneurship expertise. Northampton: Edward Elgar Publishing. http://dx.doi.org/10.4337/9781848440197.

Sarasvathy, S. D., Dew, N., Velamuri, R., & Venkataraman, S. (2003). Three views of entrepreneurial opportunity. In Z. J. Acs & D. B. Audretsch (Eds.), Handbook of entrepreneurship research: an interdisciplinary survey and introduction (pp. 141-160). Boston: Kluwer.

Schaltegger, S. (2002). A framework for ecopreneurship. Greener Management International, 2002(38), 45-58. http://dx.doi.org/10.9774/GLEAF.3062.2002.su.00006.

Schaltegger, S., Lüdeke-Freund, F., & Hansen, E. G. (2016). Business models for sustainability: a co-evolutionary analysis of sustainable entrepreneurship, innovation, and transformation. Organization & Environment, 29(3), 264-289. http://dx.doi.org/10.1177/1086026616633272.

Schlange, L. E. (2007). Stakeholder perception in sustainable entrepreneurship: the role of managerial and organizational cognition. In First World Symposium on Sustainable Entrepreneurship as part of the Corporate Responsibility Research Conference (pp. 15-17). Leeds: University of Leeds.

Shane, S. (2000). Prior knowledge and the discovery of entrepreneurial opportunities. Organization Science, 11(4), 448-469. http://dx.doi.org/10.1287/orsc.11.4.448.14602.

Shane, S., & Venkataraman, S. (2000). The promise of entrepreneurship as a field of research. Academy of Management Review, 25(1), 217-226. http://dx.doi.org/10.5465/amr.2000.2791611.

Singh, A., Gurtu, A., & Singh, R. K. (2020). Selection of sustainable transport system: a case study. Management of Environmental Quality, 32(1), 100-113. http://dx.doi.org/10.1108/MEQ-03-2020-0059.

Singh, S. K., & Singh, A. P. (2019). Interplay of organizational justice, psychological empowerment, organizational citizenship behavior, and job satisfaction in the context of circular economy. Management Decision, 57(4), 937-952. http://dx.doi.org/10.1108/MD-09-2018-0966.

Spigel, B. (2017). The relational organization of entrepreneurial ecosystems. entrepreneurship. Theory into Practice, 41(1), 49-72. http://dx.doi.org/10.1111/etap.12167.

Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a methodology for developing evidence-informed management knowledge by means of systematic review. British Journal of Management, 14(3), 207-222. http://dx.doi.org/10.1111/1467-8551.00375.

Tura, N., Hanski, J., Ahola, T., Ståhle, M., Piiparinen, S., & Valkokari, P. (2019). Unlocking circular business: a framework of barriers and drivers. Journal of Cleaner Production, 212, 90-98. http://dx.doi.org/10.1016/j.jclepro.2018.11.202.

Tur-Porcar, A., Roig-Tierno, N., & Llorca Mestre, A. (2018). Factors affecting entrepreneurship and business sustainability. Sustainability, 10(2), 452. http://dx.doi.org/10.3390/su10020452.

Unay-Gailhard, İ., & Bojnec, Š. (2018). The impact of green economy measures on rural employment: green jobs in farms. Journal of Cleaner Production. http://dx.doi.org/10.1016/j.jclepro.2018.10.160.

Veleva, V., & Bodkin, G. (2018). Corporate-entrepreneur collaborations to advance a circular economy. Journal of Cleaner Production, 188, 20-37. http://dx.doi.org/10.1016/j.jclepro.2018.03.196.

Völker, T., Kovacic, Z., & Strand, R. (2020). Indicator development as a site of collective imagination? The case of European Commission policies on the circular economy. Culture and Organization, 26(2), 1-18. http://dx.doi.org/10.1080/14759551.2019.1699092.

Yoshida, S., Yagi, H., Kiminami, A., & Garrod, G. (2019). Farm diversification and sustainability of multifunctional peri-urban agriculture: entrepreneurial attributes of advanced diversification in Japan. Sustainability, 11(10), 2887. http://dx.doi.org/10.3390/su11102887.
 


Submitted date:
02/09/2021

Accepted date:
10/04/2021

618d5b50a95395224b21eba2 production Articles
Links & Downloads

Production

Share this page
Page Sections