Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Faculty Publications Book Chapter Faculty Publications- Book Chapter Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Creator An entity primarily responsible for making the resource Dang, Tien Thuy Tran; Hoang, Thinh Gia; Majo, Anna Maria; Pandey, Pallavi; Binh, An Duong Thi Title A name given to the resource Revolutionizing Circular Business Practices with Waste Reduction and Resource Optimization Date A point or period of time associated with an event in the lifecycle of the resource 01-01-2025 Source A related resource from which the described resource is derived The Synergistic Effect of Sustainable Business Practices on Corporate Performance;pp.159-181 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1007/978-981-96-3375-3_10" target="_blank" rel="noreferrer noopener">https://doi.org/10.1007/978-981-96-3375-3_10</a> <br /><br /><a href="https://www.scopus.com/pages/publications/105022352178?origin=resultslist" target="_blank" rel="noreferrer noopener">https://www.scopus.com/pages/publications/105022352178?origin=resultslist</a> Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 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 Description An account of the resource 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. Subject The topic of the resource Circular business models; Circular economy; Closed-loop systems; Resource efficiency; Resource optimization; Waste reduction Publisher An entity responsible for making the resource available Springer Science+Business Media Relation A related resource ISBN: 978-981963375-3; 978-981963374-6; Language A language of the resource English Type The nature or genre of the resource Book chapter Rights Information about rights held in and over the resource Restricted Access; Hardcopy may be available in the library Format The file format, physical medium, or dimensions of the resource online