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Transformation of the company's business model in accordance with the circular economy principles

Vol. 30, Iss. 3, MARCH 2024

Received: 9 November 2023

Received in revised form: 23 November 2023

Accepted: 7 December 2023

Available online: 28 March 2024

Subject Heading: BUSINESS VALUE

JEL Classification: O44, Q01

Pages: 620–639

https://doi.org/10.24891/fc.30.3.620

Svetlana V. RATNER V.A. Trapeznikov Institute of Control Sciences of the Russian Academy of Sciences (ICS RAS), Moscow, Russian Federation
lanarat@mail.ru

https://orcid.org/0000-0003-3485-5595

Liliya E. NAZAROVA Kuban State University (KubSU), Krasnodar, Russian Federation
lnazarova05@mail.ru

ORCID id: not available

Subject. This article examines the problem of an enterprise's choice of the optimal way to transform its current business model into one of the types of circular business models.
Objectives. The article aims to determine the most expedient way to transform the business model of a light industry enterprise according to economic criteria.
Methods. For the study, we used a function modeling methodology (IDEF0) and the cost-benefit analysis.
Results. A comparative analysis of the economic parameters of two waste management projects at a light industry enterprise shows that the most expedient is to create a spin-off enterprise to implement the open recycling model (that is, to search for permanent partners to organize the waste processing process at their production base).

Keywords: cyclic economy, business model, transformation, economic efficiency, open recycling

References:

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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