The Influence of Circular Economics on Business Strategies

Result code in IS VaVaI

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Result on the web

<a href="http://www.conferences-scientific.cz" target="_blank" >http://www.conferences-scientific.cz</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

The Influence of Circular Economics on Business Strategies

Original language description

The circular economy is part of sustainable development. By applying their principles, it is possible to achieve some of the sustainable development goals they have in common. These are primarily goals such as clean water and air, climate protection, responsible consumption and production, economic growth, reduction of inequality and global cooperation. The circular economy shows the direction we can take and thus reach a sustainable world, where the needs of all people are met through renewable resources without polluting the environment, without the generation of waste, where things are shared, renewed, repaired, innovated and where nature is viewed as a model from which we can learn. At the same time, achieving a sustainable world does not require changes in the quality of life of consumers, nor does it cause a decrease or loss of income or additional costs for producers. Circular business models can be just as profitable and allow consumers to use similar products and services as those in linear models. Sustainable development is currently one of the main priorities and part of the national strategic documents of all EU countries. Therefore, the circular economy also plays an important role in this, as it tries to reduce the negative impact on the environment. This is a completely new application of management. But everything must start at secondary and then universities, where it will be necessary to guarantee new subjects and teach the functioning of this new economic model. The focus of the curriculum must correspond to the current needs of sustainable growth, which affects all areas of national economies. Subsequently, it will also be transferred to business management, new strategies will be applied, different from the traditional concept of business in the context of the synergy of supplier- customer chains.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2022

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of IAC 2022 in Vienna

ISBN

9788088203285

ISSN

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e-ISSN

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Number of pages

10

Pages from-to

50-59

Publisher name

Czech Institute of Academic Education

Place of publication

Vienna

Event location

Vienna

Event date

Jan 1, 2022

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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