Revolutionizing Circular Business Practices with Waste Reduction and Resource Optimization

Tien Thuy Tran Dang (), Thinh Gia Hoang, Anna Maria Majo, Pallavi Pandey and An Duong Thi Binh ()
Additional contact information
Tien Thuy Tran Dang: UEH University
Thinh Gia Hoang: UEH University
Anna Maria Majo: Marian College
Pallavi Pandey: Christ University
An Duong Thi Binh: CIRTech Institute, HUTECH University

A chapter in The Synergistic Effect of Sustainable Business Practices on Corporate Performance, 2025, pp 159-181 from Springer

Abstract: Abstract The concept of the circular economy (CE) offers a transformative solution to pressing global challenges such as resource depletion, waste generation, and environmental degradation. By shifting from the traditional linear “take-make-dispose” model to a closed-loop system, the CE principles aim to enhance resource efficiency and sustainability. This paper proposes a Waste Reduction and Resource Optimization (WRRO)-oriented circular business model, offering a comprehensive theoretical framework to guide businesses in optimizing resource utilization and reducing waste. Through the exploration of academic literature and a practical case study, the paper illustrates how businesses can effectively transition to circular business models. It also addresses the challenges businesses face during implementation, providing actionable insights for both theory and practice. The paper’s key contribution lies in integrating circular economy principles with resource efficiency strategies, offering a novel approach that supports both environmental sustainability and economic performance.

Keywords: Circular economy; Waste reduction; Resource optimization; Circular business models; Resource efficiency; Closed-loop systems (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-3375-3_10

Ordering information: This item can be ordered from
http://www.springer.com/9789819633753

DOI: 10.1007/978-981-96-3375-3_10

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().