Revolutionizing Circular Business Practices with Waste Reduction and Resource Optimization
- Title
- Revolutionizing Circular Business Practices with Waste Reduction and Resource Optimization
- Creator
- Dang, Tien Thuy Tran; Hoang, Thinh Gia; Majo, Anna Maria; Pandey, Pallavi; Binh, An Duong Thi
- Description
- 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 papers key contribution lies in integrating circular economy principles with resource efficiency strategies, offering a novel approach that supports both environmental sustainability and economic performance. 2025 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
- Source
- The Synergistic Effect of Sustainable Business Practices on Corporate Performance;pp.159-181
- Date
- 01-01-2025
- Publisher
- Springer Science+Business Media
- Subject
- Circular business models; Circular economy; Closed-loop systems; Resource efficiency; Resource optimization; Waste reduction
- Coverage
- Dang T.T.T., International School of Business (ISB), UEH University, Ho Chi Minh City, Viet Nam; Hoang T.G., International School of Business (ISB), UEH University, Ho Chi Minh City, Viet Nam; Majo A.M., Marian College, Kuttikkanam, India; Pandey P., School of Commerce, Finance and Accountancy, Christ University, Pune, India; Binh A.D.T., CIRTech Institute, HUTECH University, Ho Chi Minh City, Viet Nam
- Rights
- Restricted Access; Hardcopy may be available in the library
- Relation
- ISBN: 978-981963375-3; 978-981963374-6;
- Format
- online
- Language
- English
- Type
- Book chapter
Collection
Citation
Dang, Tien Thuy Tran; Hoang, Thinh Gia; Majo, Anna Maria; Pandey, Pallavi; Binh, An Duong Thi, “Revolutionizing Circular Business Practices with Waste Reduction and Resource Optimization,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 19, 2026, https://archives.christuniversity.in/items/show/24138.