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Business practice on measuring circularity of value chains

Licow, L.D. (2021) Business practice on measuring circularity of value chains.

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Abstract:The concept of the circular economy has gained increasing interest from both public and private institutions, as it is expected to provide answers on vital environmental and economic issues of the 21st century, such as climate change or resource scarcity. The core idea of circular economy lies in the maximization of the longevity of resources by extending the lifecycle of goods and reintroducing used goods and resources back into the economic circle. Public as well as private authorities proposed definitions on aims, goals of circularity and key performance indicators to assess them. To incorporate circularity into organizations´ business models, effective and efficient to use key performance indicators are necessary. Even though private business, academia, and public institutions, as the European Commission, defined key performance indicators for measuring circularity, the applicability of many key performance indicators is either bound to specific business or without proven track record in private or public business. This research ought to provide insights on today’s business practice in benchmarking and measuring circularity. By interviewing companies´ representatives, it brings light on the popularized KPI´s applicability, strengths, and constraints.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:http://purl.utwente.nl/essays/85776
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