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Implementation of circular economy business models by SMEs: barriers and enablers

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Article

Rizos, Vasileios ; Behrens, Arno ; van der Gaast, Wytze ; Hofman, Erwin ; Ioannou, Anastasia ; Kafyeke, Terri ; Flamos, Alexandros ; Rinaldi, Roberto ; Papadelis, Sotiris ; Hirschnitz-Garbers, Martin ; Topi, Corrado

Sustainability

2016

8

11

18 p.

recycling of materials ; SME ; sustainable development

EU countries

Economic development

http://dx.doi.org/10.3390/su8111212

English

Bibliogr.

"Small and medium-sized enterprises are increasingly aware of the benefits of closing loops and improving resource efficiency, such as saving material costs, creating competitive advantages, and accessing new markets. At the same time, however, various barriers challenge small businesses in their transition to a circular economy, namely a lack of financial resources and a lack of technical skills.

This paper aims to increase understanding about the barriers and enablers experienced by SMEs when implementing circular economy business models. The authors recommend that European and national policies strengthen their focus on greening consumer preferences, market value chains and company cultures, and support the recognition of SMEs' green business models. This can be achieved through the creation of dedicated market places and communities of practice, for example."

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