Management Strategies in Circular Economy

• Main Authors: Margareta Ilie, Constantin Ilie, Ruxandra Marin
• Format: Article
• Language: English
• Published: Ovidius University Press 2019-01-01
• Series: Ovidius University Annals: Economic Sciences Series
• Subjects: circular economy; waste; circular entrepreneur
• Online Access: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2020/02/Section%20V/47.pdf

In order to assure a green future, the humanity must think that the environment is at risk. Commonly, environment is illustrated by circular phenomenon with unified ecological relationships in a sustainable ecosystem. We must re-learn to living in communion with environment and with one another. As circular economy encourages change and develops opportunities to do business according to the principles of circular entrepreneurship, that ensures the use of resources continually, thus avoiding large quantities of resources from floating and converting to waste. The present work intended at improving awareness of the efforts, opportunities and accomplishments of circular economy and assessment of present literature regarding the definitions, necessities and implications of circular economy. As now, a theory specifically centered on circular economy is yet in discussions, the method used was the literature examination and establishing some main principles outlining the specifications that illustrate the circular economy. In the results the authors acknowledged among the features that the circular economy must close, reduces and tightens the loop of resources and should covers the different entrepreneurial practices, from consideration to development of opportunities.