Transforming sustainability of Indian small and medium-sized enterprises through circular economy adoption

Sai Sudhakar Nudurupati, Pawan Budhwar, Raja Phani Pappu, Soumyadeb Chowdhury, Mukesh Kondala, Ayon Chakraborty and Sadhan Kumar Ghosh

Journal of Business Research, 2022, vol. 149, issue C, 250-269

Abstract: Circular Economy (CE) adoption in Indian SMEs is still nascent, irrespective of various initiatives, policies, and trans-national strategic partnerships of the Indian government. The existing research has outlined the benefits of CE adoption within organisations (regardless of the size and sector) to achieve sustainable business performance in emerging markets. This paper employs resource-based view as a theoretical lens to examine the factors influencing and inhibiting CE adoption in Indian manufacturing and process-based SMEs by conducting twelve case-studies. The within and cross-case analysis shows that lack of business process analysis, skills and expertise, digital transformation and multi-stakeholder cooperation within the supply chain inhibits CE adoption, while government initiatives, competitive advantage, environmental regulation, and customer pressure are the drivers. The study proposes a CE implementation guide comprising six principles for the SMEs’ managers in India to achieve resource efficiency, cost savings, multi-stakeholder collaboration and sustainable outcomes across the CE fields of action.

Keywords: Circular economy; Resource efficiency; Waste reduction; Emerging economy; Indian small and medium enterprises; Sustainability (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:149:y:2022:i:c:p:250-269

DOI: 10.1016/j.jbusres.2022.05.036

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