Circular Economy Strategies for Business Sustainability:A Systematic Review and Meta-analysis
DOI:
https://doi.org/10.56830/IJGMBS06202402Keywords:
Circular economy, business sustainability, resource sustainability, systematic review, meta-analysis, value chains, CE business modelsAbstract
The relationship between corporate sustainability and circular economy (CE) methods is presented in this paper through a systematic review and meta-analysis. The importance of resource and environmental sustainability from a commercial standpoint is covered in the first section of the article, which also emphasizes the increasing interest in the circular economy among researchers. To direct the analysis, a dynamic priority quadrant research framework is presented. Using a systematic literature review and meta-analysis methodology, the study conducts an extensive examination of excellent research pieces published between 2011 and 2020. The findings highlight important concepts that have been studied in the literature and investigate the variety of supply chain, organizational, and functional management tactics that practitioners have used to put the circular economy's tenets into practice.
The study also examines how circular economy methods affect financial, social, and environmental performance metrics used in business sustainability assessments. The results provide insights into the possible advantages of switching to circular business models and management practices, and they also aid in the understanding of the relationship between CE strategies and firm performance. This study highlights the significance of sustainable business strategies based on CE principles and is in line with the research focus on the circular economy.
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