The influence of circular economy implementation on competitiveness in manufacturing companies

Ulla Saari, Matthias Schneider, Svenja Damberg, Cornelius Herstatt, Minna Lanz, Leena Aarikka-Stenroos, Christian M. Ringle

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

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Abstract

As companies in the manufacturing sector are starting to incorporate circular economy targets in their strategies, they need to understand what capabilities and circular engineering solutions they should develop and implement, including their likely impact on the company performance. Based on survey data from manufacturing companies operating in Germany (N=111) collected in December 2021/January 2022, we pre-sent how the perceived level of circular economy, via the implementation of circularity into operations, products and services, influences the company’s perceived competitiveness on the level of product/service innovativeness. The results indicate that employees in the companies perceive that the level of circular economy implementation (i.e., implementing circularity into operations, products and services) has a sig-nificant influence on the perceived product/service innova-tiveness and perceived competitiveness of companies that have already incorporated circular economy into their strategy. Furthermore, the data indicate that fostering a circular econ-omy-oriented business culture alone is no longer enough for ensuring competitiveness.
Original languageEnglish
Title of host publication2022 IEEE 28th International Conference on Engineering, Technology and Innovation (ICE/ITMC) & 31st International Association For Management of Technology (IAMOT) Joint Conference
PublisherIEEE
Number of pages8
ISBN (Electronic)978-1-6654-8817-4
DOIs
Publication statusPublished - 2022
Publication typeA4 Article in conference proceedings
EventIEEE International Conference on Engineering, Technology and Innovation (ICE/ITMC) & International Association For Management of Technology (IAMOT) Joint Conference - Nancy, France
Duration: 19 Jun 202223 Jun 2022

Conference

ConferenceIEEE International Conference on Engineering, Technology and Innovation (ICE/ITMC) & International Association For Management of Technology (IAMOT) Joint Conference
Country/TerritoryFrance
CityNancy
Period19/06/2223/06/22

Keywords

  • circular economy implementation
  • circular economy-oriented business culture
  • entrepreneurial orientation
  • competitiveness

Publication forum classification

  • Publication forum level 1

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