Sustainable Management Practices in the Circular Economy: Balancing Environmental and Economic Goals

Vandana Shiva

doi:10.36676/urr.v11.i4.1346

Authors

Dr. Vandana Shiva Environmental Scientist and Educator

DOI:

https://doi.org/10.36676/urr.v11.i4.1346

Keywords:

Circular Economy, Sustainable Management, Resource Efficiency, Waste Minimization

Abstract

The transition to a circular economy has become a crucial component of sustainable management practices, aimed at minimizing waste and maximizing resource efficiency. the integration of circular economy principles into corporate sustainability strategies, focusing on how companies can balance environmental goals with economic performance. By analyzing case studies from various industries, the research highlights successful approaches to reducing resource consumption, extending product lifecycles, and fostering innovation through closed-loop systems. the circular economy presents significant opportunities for enhancing sustainability, it also requires organizations to navigate complex challenges such as supply chain restructuring, stakeholder engagement, and regulatory compliance. recommendations for businesses to effectively implement circular economy practices, ensuring long-term viability and contributing to global sustainability objectives.

References

Ellen MacArthur Foundation. (2013). Towards the Circular Economy: Economic and Business Rationale for an Accelerated Transition. Ellen MacArthur Foundation.

Dr. Anil Raipuria. (2020). An Analysis of the Different Types of Financial Management and Their Purposes. International Journal for Research Publication and Seminar, 11(1), 122–128. Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/1097

Geissdoerfer, M., Savaget, P., Bocken, N. M. P., & Hultink, E. J. (2017). The Circular Economy – A New Sustainability Paradigm? Journal of Cleaner Production, 143, 757-768. https://doi.org/10.1016/j.jclepro.2016.12.048

Ghisellini, P., Cialani, C., & Ulgiati, S. (2016). A Review on Circular Economy: The Expected Transition to a Balanced Interplay of Environmental and Economic Systems. Journal of Cleaner Production, 114, 11-32. https://doi.org/10.1016/j.jclepro.2015.09.007

Korhonen, J., Honkasalo, A., & Seppälä, J. (2018). Circular Economy: The Concept and Its Limitations. Ecological Economics, 143, 37-46. https://doi.org/10.1016/j.ecolecon.2017.06.041

Lacy, P., & Rutqvist, J. (2015). Waste to Wealth: The Circular Economy Advantage. Palgrave Macmillan.

Mr. Anup Bhosale, & Prof. Upendra R. Saharkar. (2020). A Review work for study of Labour Friendly Human Resources Management System and Factors Affecting on Labour Productivity in Construction Company. International Journal for Research Publication and Seminar, 11(3), 9–15. Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/1128

Murray, A., Skene, K., & Haynes, K. (2017). The Circular Economy: An Interdisciplinary Exploration of the Concept and Application in a Global Context. Journal of Business Ethics, 140(3), 369-380. https://doi.org/10.1007/s10551-015-2693-2

Purohit, S. (2024). Smart solutions for environmental sustainability and climate changes. Journal of Global Resources, 10(01). https://doi.org/10.46587/JGR.2024.v10i01.016

Stahel, W. R. (2016). The Circular Economy. Nature, 531(7595), 435-438. https://doi.org/10.1038/531435a

Suresh Ramroop Verma, & Dr. G. S Parmar. (2018). THE ROLE OF ORGANIZATIONAL CULTURE IN KNOWLEDGE MANAGEMENT: A COMPREHENSIVE ANALYSIS. Universal Research Reports, 5(1), 707–711. Retrieved from https://urr.shodhsagar.com/index.php/j/article/view/1325

Webster, K. (2015). The Circular Economy: A Wealth of Flows. Ellen MacArthur Foundation Publishing.

World Economic Forum. (2014). Towards the Circular Economy: Accelerating the Scale-Up Across Global Supply Chains. World Economic Forum.

Zink, T., & Geyer, R. (2017). Circular Economy Rebound. Journal of Industrial Ecology, 21(3), 593-602. https://doi.org/10.1111/jiec.12545