Circular economy principles as a basis for a sustainability management theory: A systems thinking and moral imagination approach
Roberta De Angelis and
Giancarlo Ianulardo
Business Strategy and the Environment, 2024, vol. 33, issue 5, 4861-4870
Abstract:
To enable corporations to bring about more responsible business practices, changes in the wider system within which businesses operate – including the mental models through which sustainability is understood in the management field – are necessary. Drawing on functioning principles in natural ecosystems – as embodied in circular economy thinking – this conceptual article proposes some constructs to inform the development of a sustainability management theory. We show that the potential for the circular economy to provide a sounder basis to sustainable management theory rests on its capacity to propose a socio‐eco‐systemic framework, which overcomes the separation between man and nature and is isomorphic to the conception proposed by the emerging complexity paradigm. Also, we show that, by imagining a new cognitive framework and evaluating the current linear model and the alternative circular model from a moral standpoint, the circular economy can be thought of as an exercise in moral imagination.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bla:bstrat:v:33:y:2024:i:5:p:4861-4870
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