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

Accepted version
Peer-reviewed

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Type

Article

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Authors

Esposito, M 
Tse, T 
Soufani, K 

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.

Description

Keywords

circular economy, business models, sustainability, competitive strategy

Journal Title

California Management Review

Conference Name

Journal ISSN

0008-1256
2162-8564

Volume Title

60

Publisher

University of California