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Circular economics; a close look at IKEA
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There has been a lot of discussion in recent years about how industries and businesses need to adapt their strategies to take into account the Circular Economy (CE). CE is about changing from our dead ... -end, wasteful ‘take, make, dispose’ linear production strategic approach which Su et al. (2013) states is “a traditional open-ended economy model developed with no built-in tendency to recycle, which is reflected by treating the environment as a waste reservoir”. Su, B., Heshmati, A., Geng, Y., Yu, X., (2013) A review of the circular economy in China: moving from rhetoric to implementation, J. Clean. Prod. 42, pp215-227 What you are required to do in this assignment: Discuss the key concepts behind CE. Moving to the CE has been discussed for a few years now but there has been limited implementation by businesses – why is this? Giving examples, discuss the barriers for businesses who want to transition to CE? Give examples of businesses that have managed to successful embrace the CE analysing why? [Show More]
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