Success Factors of Sustainable Social Enterprises Through Circular Economy Perspective

• Main Author: Stratan Dumitru
• Format: Article
• Language: English
• Published: Sciendo 2017-05-01
• Series: Visegrad Journal on Bioeconomy and Sustainable Development
• Subjects: social entrepreneurship; circular economy; business model; sustainability
• Online Access: https://doi.org/10.1515/vjbsd-2017-0003

The scope of the research is to find out how social entrepreneurship operations can be modelled within existing business methods using circular economy principles. A literature review was undertaken in order to clarify and find out different opinions regarding circularity and social businesses models. Moreover, the author interviewed managers of different social mission organizations in order to find out the critical factors that determine the sustainability and performances of the organizations. Using the results of the field and desk research, the author suggests the following business model elements to be considered by social enterprises aiming to implement circular economy principles: Desired social and environment vision; Value proposition; Alignment of organizations to the strategy and acceleration of change through executive leadership implication; Financial sustainable perspective: a) to increase financial resources and b) to manage costs; Stakeholders perspective: a) customers segments, b) users, c) employees, d) community beneficiaries, e) channels, f) customer relationships, g) Key partnerships; Internal process perspective: a) processes necessary to use circular economy principles; b) impact measurement and key activities; c) internal and external communication; Resources perspective: a) networks; b) skills on circular principles and social impact; c) information and technologies.`