Circular Economy and Stakeholder Engagement Strategy

Abstract

The transition from the linear economy to the circular one is an epochal challenge for firms. It requires rethinking of the ways to create value according to circular business models. In this context, adoption of a stakeholder engagement strategy based on principles such as involvement, dialogue, and effective fulfillment of stakeholders’ expectations is becoming increasingly relevant. This study analyzes the role of stakeholder engagement with respect to the success of circular business models by identifying the main factors that deserve attention in order to ensure an effective shift toward the circular economy.