Key strategies, resources, and capabilities for implementing circular economy in industrial small and medium enterprises
Keywords: 
Circular economy
Competitive advantage
Dynamic capabilities
Environmental management
SMEs
Issue Date: 
2019
Publisher: 
Wiley
ISSN: 
1535-3958
Note: 
This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
Citation: 
Prieto-Sandoval, V. (Vanessa); Jaca-García, C. (Carmen); Santos, J. (Javier); et al. "Key strategies, resources, and capabilities for implementing circular economy in industrial small and medium enterprises". Corporate Social Responsibility and Environmental Management. 26 (6), 2019, 1473 - 1484
Abstract
Small and medium enterprises (SMEs) are key actors in the implementation of the circular economy (CE) concept as a basis for creating sustainable societies. Thus, the main objective of this study is to identify key strategies and resources that may favor CE implementation in SMEs. These key strategies should encourage SMEs to develop eco-innovations to gain competitive advantage and create and capture value that is coherent with nature. A mixed-method approach that consisted of a literature review and a focus group for gathering qualitative data was used. This focus group was made up of experts such as researchers and practitioners from universities, sustainable SMEs, and consultancy firms in Spain. A set of strategies and internal and external factors were identified to help SMEs to implement the CE. Finally, some useful dynamic capabilities for implementing the CE in business performance were identified.

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