An overview of the circular economy among SMEs in the Basque country: A multiple case study

By Marta Ormazábal, V. Prieto-Sandoval, C. Jaca, Javier Santos. 2016

111 citations recorded by the source corpus.

Purpose: This research analyzes the maturity of environmental management as well as the degree of to which the Circular Economy has been implemented in Basque SMEs. Design/methodology/approach: A total of 17 case studies were carried out in industrial SMEs companies in the Basque Country. Findings: The main results show that companies are limited to complying with the law and in many cases are worried about the image of the company, although they are not committed to environmental issues. There is still a lot to do in SMEs, as they are the companies that face the biggest challenges due to a lack of resources. Originality/value: Circular Economy aims to change a linear economy into promoting sustainability of the economy while also engaging in sustainable environmental protection. This research has focused on small and medium enterprises as they represent a 99% of companies in Europe and they are the ones that have the most difficulty reaching a stage of environmental excellence due to their limited resources.

Subfields: Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/761347ca02f364e18a4055cb694b0703bd099ce1

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Citations in the corpus

Learning from Failure and Success: The Challenges for Circular Economy Implementation in SMEs in an Emerging Economy (2021, background): “[16] mention that firm size can affect technology development, technical skills, and re‐ source access, impacting CE implementation.”
Financial Resources for the Circular Economy: A Perspective from Businesses (2019, background): “Some authors indicate that the inadequate financial scheme, the lack of financial resources [31], and the lack of support from public institutions [16,32,33] cause the slower adoption of the CE.”