The transformative impact of the circular economy on marketing theory
Rana Mostaghel,
Pejvak Oghazi and
Ana Lisboa
Technological Forecasting and Social Change, 2023, vol. 195, issue C
Abstract:
The circular economy (CE) is growing, and an increasing number of businesses are becoming aware of it. Demand from customers and new regulations from policymakers motivated many practitioners to transform their business models into circular business models. However, academia has not followed the same pace. Considering that the circular economy encloses unique attributes, it is crucially required to re-frame traditional marketing strategy theories. This article rigorously investigates marketing theory and practice in the CE, identifies the challenges of marketing in the CE, and introduces a new definition of marketing and additional stimulus in the marketing mix. Further, the article provides theoretical and managerial implications.
Keywords: Circular Economy; Marketing; Strategy; Theory; Theory-in-use; Circular Business Model (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:195:y:2023:i:c:s0040162523004651
DOI: 10.1016/j.techfore.2023.122780
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