Critical success factors for a circular economy: Implications for business strategy and the environment

2020 ◽  
Vol 29 (8) ◽  
pp. 3611-3635 ◽  
Author(s):  
Md. Abdul Moktadir ◽  
Anil Kumar ◽  
Syed Mithun Ali ◽  
Sanjoy Kumar Paul ◽  
Razia Sultana ◽  
...  
Keyword(s):  
Circular Economy ◽  
Business Strategy ◽  
Critical Success Factors ◽  
Success Factors ◽  
Critical Success

Interplay between reverse logistics and circular economy: Critical success factors-based taxonomy and framework

2020 ◽  
Vol 158 ◽  
pp. 104784 ◽  
Author(s):  
Vivianne Julianelli ◽  
Rodrigo Goyannes Gusmão Caiado ◽  
Luiz Felipe Scavarda ◽  
Stephanie Pinto de Mesquita Ferreira Cruz
Keyword(s):  
Reverse Logistics ◽  
Circular Economy ◽  
Critical Success Factors ◽  
Success Factors ◽  
Critical Success

Analyzing critical success factors for a successful transition towards circular economy through DANP approach

2020 ◽  
Vol 31 (3) ◽  
pp. 505-529 ◽  
Author(s):  
Shahbaz Khan ◽  
Annayath Maqbool ◽  
Abid Haleem ◽  
Mohd Imran Khan
Keyword(s):  
Circular Economy ◽  
Design Methodology ◽  
Critical Success Factors ◽  
Success Factors ◽  
Action Plan ◽  
Content Type ◽  
Five Dimensions ◽  
Successful Transition ◽  
Critical Success ◽  
Research Findings

PurposeThe successful transition towards the circular economy is a requirement of this technological era. The objective of this study is to identify critical success factors behind the successful transition to the circular economy.Design/methodology/approachA systematic literature review and experts' inputs are used to identify the major critical success factors of a successful transition towards a circular economy. Further, DANP is applied to discover the interrelationships among the critical success factors dimensions by analyzing causal relations between the relevant critical success factors. Additionally, the ranking of significant critical success factors for the successful transition towards the circular economy is determined.FindingsThis study has used the DANP methodology to understand the relationships among the five dimensions and the twenty-two critical success factors and identified the key influencing critical success factors through their global weights. Research findings suggest that “vision regard to a circular economy” has the highest weights, followed by “financial sustainability” which is regarded as the most important CSF.Research limitations/implicationsThe outcomes of this work may help organizations on issues related to the transition of the linear economy towards circular economy, in understanding the degree of importance of the each critical success factors, based on which the organizations can formulate an effective strategy to systematically emphasize critical success factors as per their importance for the successful transition towards circular economy.Originality/valueThis study tries to explore and analyze critical success factors of the transition from the linear economy to a circular economy. Further, the finding of this study provides deeper insights into academia and mangers that helps to formulate their action plan for moving towards the circular economy.

scholarly journals Driving the Transition to a Circular Economic Model: A Systematic Review on Drivers and Critical Success Factors in Circular Economy

2020 ◽  
Vol 12 (24) ◽  
pp. 10672
Author(s):  
Davide Aloini ◽  
Riccardo Dulmin ◽  
Valeria Mininno ◽  
Alessandro Stefanini ◽  
Pierluigi Zerbino
Keyword(s):  
Circular Economy ◽  
Critical Success Factors ◽  
Success Factors ◽  
Scientific Literature ◽  
Scientific Work ◽  
Intergovernmental Organizations ◽  
Business Organizations ◽  
Policy Makers ◽  
Critical Success

The circular economy (CE) is arising as a novel economic system that is restorative by design. In light of its capability to boost sustainable economic development and to cope with environmental challenges, it has recently attracted increasing attention from academics, practitioners, policymakers, and intergovernmental organizations. Despite the wide speculation on this issue, the scientific literature lacks a wide-ranging, systematic, and updated identification and classification of the main drivers and Critical Success Factors of CE initiatives, which appears increasingly necessary to facilitate future scientific work, practical implementations, and policy guidelines. With this aim, this paper develops a systematic literature review by starting with over 400 manuscripts. A final set of 55 selected papers was selected for singling out and classifying drivers and Critical Success Factors in the CE context. The results may provide clear indications for further research, may help business organizations in evaluating CE initiatives, and may guide policy makers in developing and refining CE normative frameworks.

CRITICAL SUCCESS FACTORS IN THE FRONT END OF INNOVATION: RESULTS FROM AN EMPIRICAL STUDY

2020 ◽  
pp. 2150046
Author(s):  
SIMON WAGNER ◽  
PETER M. BICAN ◽  
ALEXANDER BREM
Keyword(s):  
New Product Development ◽  
Business Strategy ◽  
Information Exchange ◽  
Critical Success Factors ◽  
Online Survey ◽  
Success Factors ◽  
External Input ◽  
Critical Success ◽  
Front End ◽  
The Impact

This study empirically analyses the effects of five critical success factors on the front end of innovation and new product development success. Data from a self-developed questionnaire on a cross-industry sample of 77 German-based small- and medium-sized firms were collected through an online survey. Accouting for factors not included in previous studies, the results indicate that strategic alignment, creative encouragement, and external collaboration are the key predictors of front-end success. Surprisingly, the impact of process formalisation and the importance of cross-functional collaboration for front-end success could not be supported. We conject that collaboration in the front end of innovation must exceed simple communication and information exchange to significantly effect front-end success. Managerial implications of this study include the need for an internal search for ideas by fostering employees’ creative abilities while simultaneously remaining open to external input. Also, activities in the front end of innovation should be aligned with the organisation’s overall business strategy to promote successful ideation.

Success factors of Māori entrepreneurs: A regional perspective

2018 ◽  
pp. 1-21
Author(s):  
Diane Ruwhiu ◽  
Maria Amoamo ◽  
Katharina Ruckstuhl ◽  
Janine Kapa ◽  
Anaru Eketone
Keyword(s):  
New Zealand ◽  
Support Services ◽  
Business Strategy ◽  
Exploratory Study ◽  
Critical Success Factors ◽  
Success Factors ◽  
Business Environment ◽  
Business Owners ◽  
Critical Success ◽  
Business Support

AbstractThis paper reports on an exploratory study into critical success factors as they are perceived by Māori small- to medium-sized enterprise (SME) owners in the Otago/Southland regions of New Zealand. We draw on interview responses from 11 Māori business owners and four representatives of SME support services. The aim of this study is to explore Māori SME characteristics in terms of the critical success factors that help or hinder the achievement of their business aspirations. The findings indicate three main thematic concerns: Māori SME owners’ perception of being Māori impacts on how they position themselves as a business; the regional business environment has particular features that impact in a particular way on Māori SMEs; and, notions of business strategy are culturally nuanced. We propose that a culturally constituted regional business support system will better enable Māori SMEs to achieve their aspirations.

Critical success factors when going global: New Zealand dairy companies

2013 ◽  
pp. 61-66
Author(s):  
A.P. Scott ◽  
S. Bowden ◽  
J.S. Rowarth
Keyword(s):  
New Zealand ◽  
Value Chain ◽  
Business Strategy ◽  
Critical Success Factors ◽  
Success Factors ◽  
Customer Relationships ◽  
International Partnerships ◽  
Emerging Nations ◽  
Critical Success ◽  
Increasing Demand

New Zealand dairy companies are being encouraged to expand in offshore markets, and capitalise on the increasing demand for high quality dairy products in emerging nations. To succeed internationally dairy companies need to invest in capturing their value chain and securing suppliers effectively, as well as developing intangible assets, like customer relationships, international partnerships, strong brands and reputations. This paper examines seven critical success factors, identified from comparing academic literature on international success and the preceding background paper, to three case studies on the New Zealand dairy companies, Tatua Dairy Co-operative, Synlait Ltd, and Fonterra Ltd. Keywords: critical success factors, international business strategy, New Zealand dairy industry, exportation

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