Strategic Risk-Based Approach for the Circular Economy

Abstract

The current challenge of green transition is based on the circular economy (CE) as a convincing model of production and consumption. However, this transition needs to be approached by firms with a strategic attitude, that is, to blend the circular concepts within the strategy’s definition and implementation and related risks. Starting from a gap in the existing literature and supported by theoretical background, we aim at identifying the key strategic risks to consider in the transition to CE at firm-level. For this purpose, we offer a conceptual framework validated by a case-study analysis. The framework acts as a valuable tool for strategic transition from a linear economy to a circular one, according to a risk-based view.