Framework for Integration of Circular Economy into Business Models: A Study of Samsung
Singh, Abhinav Kumar (2024)
2024
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024061022532
https://urn.fi/URN:NBN:fi:amk-2024061022532
Tiivistelmä
The goal of this study was to examine the benefits of incorporating Circular Economy (CE) principles in the business model of the South Korean electronics company Samsung. The research objectives included the exploration of the company's current business practices that integrate CE principles, an analysis and comparison of the CEBM approaches of Samsung, IKEA, and Nokia for benchmarking, and the assessment of extant literature on the obstacles and challenges of implementing CEBM to give Samsung some strategic recommendations.
Using a mixed-method approach, the study surveyed 59 respondents who were stakeholders of Samsung and interviewed circular economy and sustainable business practices experts.
According to the findings and analysis, there is compatibility between Samsung's business model and the CE model, which can make positive contributions to the sustainability concerns we see in today's world.
Using a mixed-method approach, the study surveyed 59 respondents who were stakeholders of Samsung and interviewed circular economy and sustainable business practices experts.
According to the findings and analysis, there is compatibility between Samsung's business model and the CE model, which can make positive contributions to the sustainability concerns we see in today's world.