Sustainable business models based on circular economy

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Published: 2023-01-23
DOI: https://doi.org/10.55813/gaea/rcym/v1/n1/7
Keywords:
circular economy, sustainable business models, business innovation, corporate sustainability, ecological transition

Main Article Content

Preciado-Ramírez, Joffre Danny
Universidad Técnica Luis Vargas Torres de Esmeraldas
https://orcid.org/0000-0001-8300-5138
Herrera-Enríquez, Giovanni
Universidad de las Fuerzas Armadas ESPE
https://orcid.org/0000-0002-2835-4586

Abstract

The linear economic model has proven to be unsustainable in the face of current environmental and social challenges, which has prompted the adoption of the circular economy as a transformative alternative. In this context, this article conducts a systematic literature review, based on studies indexed in Scopus and Web of Science, with the aim of identifying and critically analyzing the typologies, barriers and success factors of sustainable business models that integrate circular principles. A qualitative methodology with thematic matrices was employed to synthesize findings and establish robust analytical frameworks. The results highlight two main models: product life-cycle extension and Product-as-a-Service, both with strong transformative potential but conditioned by organizational, cultural and technological barriers. In turn, key enablers such as public policies, cross-sector collaboration and emerging technologies are identified. The study concludes that the transition to circular models requires a holistic approach that articulates technological innovation, policy reforms and deep cultural change to achieve systemic and competitive sustainability.

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Article Details

Issue

Vol. 1 No. 1 (2023): Innovation and Knowledge: Multidisciplinary Perspectives

Section

Artículos
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Author Biographies

Preciado-Ramírez, Joffre Danny, Universidad Técnica Luis Vargas Torres de Esmeraldas

Master in Economic Sciences. Economist. Professor at the Technical University “Luis Vargas Torres” of Esmeraldas. Ecuador

Herrera-Enríquez, Giovanni, Universidad de las Fuerzas Armadas ESPE

Doctor (Ph.D) in Economics and Business from the University of Santiago de Compostela - Spain, Master in Economics and Business (Facultad Latinoamericana de Estudios Sociales - FLACSO), Higher Diploma in Curriculum Design by Competencies (Escuela Politécnica del Ejército), Higher Diploma in University Learning Management (Escuela Politécnica del Ejército), Marketing Engineer (Universidad de las Fuerzas Armadas - ESPE), Commercial Engineer (Escuela Politécnica del Ejército). Accredited and Categorized Researcher by SENESCYT. Senior Professor at the University of the Armed Forces-ESPE, Research Coordinator of the Department of Economics and Administrative Sciences of ESPE, Coordinator of the Master in Business Administration with mention in Innovation of ESPE, Coordinator of the Research Group in Applied Economics of ESPE. Guest professor of postgraduate courses at Universidad Técnica de Ambato, Universidad Tecnológica Equinoccial, Pontificia Universidad Católica del Ecuador. Guest lecturer in Spain, Germany, France and Portugal at: University of La Coruña, University Santiago de Compostela, University of Rovira Virgin, Karlsruhe Institute of Technology (KIT), University of Strasbourg, Polytechnic Institute of Cavàdo e do Ave. Several publications indexed in Scopus, Latindex, Scielo and Web Of Science of scientific journals in Ecuador, England, Germany, Brazil, Spain, Argentina, Venezuela and Mexico. Among the functions performed are: Executive Director of ESPE-CECAI (Center for Technology Transfer), Career Director in several specialties at ESPE, Coordinator of the Master in Marketing at ESPE, Academic Coordinator appointed by Senescyt in the closure of universities by mandate 14.

How to Cite

Preciado-Ramírez, J. D., & Herrera-Enríquez, G. (2023). Sustainable business models based on circular economy. Scientific Journal Science and Method, 1(1), 14-27. https://doi.org/10.55813/gaea/rcym/v1/n1/7
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