Introducing a circular economy: new thinking with new managerial and policy implications

Authors
Esposito, M 
Tse, T 
Soufani, K 

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Type
Article
Change log
Abstract

© 2018, The Regents of the University of California 2018. Since the industrial revolution, we have been living in a linear economy. Our consumer and “single use” lifestyles have made the planet a “take, make, dispose” world. This refers to a unidirectional model of production: natural resources provide our factory inputs, which are then used to create mass-produced goods to be purchased and, typically, disposed after a single use. This linear economy model of mass production and mass consumption is testing the physical limits of the globe. It is, therefore, unsustainable and a shift toward a circular economy is becoming inevitable.

Publication Date
2018-05
Online Publication Date
2018-03-13
Acceptance Date
2018-02-05
Keywords
circular economy, business models, sustainability, competitive strategy
Journal Title
California Management Review
Journal ISSN
0008-1256
2162-8564
Volume Title
60
Publisher
University of California