期刊
JOURNAL OF BUSINESS RESEARCH
卷 149, 期 -, 页码 250-269出版社
ELSEVIER SCIENCE INC
DOI: 10.1016/j.jbusres.2022.05.036
关键词
Circular economy; Resource efficiency; Waste reduction; Emerging economy; Indian small and medium enterprises; Sustainability
类别
资金
- Royal Academy of Engineering [IAPP18-19\202]
The adoption of circular economy in Indian SMEs is still in its early stages. This study examines the factors influencing and inhibiting the adoption of circular economy in Indian manufacturing and process-based SMEs. It also proposes six implementation principles for managers to achieve resource efficiency, cost savings, collaboration, and sustainable outcomes.
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.
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