Towards a transformative model of circular economy for SMEs

Bing Zhu, Mai Nguyen, Nang Sarm Siri and Ashish Malik

Journal of Business Research, 2022, vol. 144, issue C, 545-555

Abstract: This study develops a transformative conceptual model for small and medium-sized enterprises (SMEs) from emerging markets, using a multilevel perspective (MLP) framework. The transformative model highlights four phases through which circular economy (CE) practices present their transformative characteristics. Our model maps the transition and interactions of the four phases, three systems at three levels of analysis: macro-, meso- and micro-level. The distinctive contribution of our model is that it presents a temporal view of how firms evolve towards a CE and actors’ vital role and agentic resources in implementing transformative change. Following the four stages of transition: emerging, filtering, stabilizing, and transforming, our transformative model of SMEs focuses on the adoption of the CE approach by analyzing macro-, meso- and micro-level influences to achieve sustainable development and offer a solid foundation for future studies. We develop several testable propositions with implications for practice for SMEs and for entrepreneurship theory in delivering sustainable innovation.

Keywords: Circular Economy; Multilevel perspective; Transformative model; Transition studies (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:144:y:2022:i:c:p:545-555

DOI: 10.1016/j.jbusres.2022.01.093

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