TY - CHAP

T1 - The influence of circular economy implementation on competitiveness in manufacturing companies

AU - Saari, Ulla A.

AU - Schneider, Matthias

AU - Damberg, Svenja

AU - Herstatt, Cornelius

AU - Lanz, Minna

AU - Aarikka-Stenroos, Leena

AU - Ringle, Christian M.

N1 - Publisher Copyright: © 2022 IEEE.

PY - 2022

Y1 - 2022

N2 - 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 202l/January 2022, we present 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 significant influence on the perceived product/service innovativeness and perceived competitiveness of companies that have already incorporated circular economy into their strategy. Furthermore, the data indicate that fostering a circular economy-oriented business culture alone is no longer enough for ensuring competitiveness.

AB - 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 202l/January 2022, we present 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 significant influence on the perceived product/service innovativeness and perceived competitiveness of companies that have already incorporated circular economy into their strategy. Furthermore, the data indicate that fostering a circular economy-oriented business culture alone is no longer enough for ensuring competitiveness.

KW - circular economy implementation

KW - circular economy-oriented business culture

KW - competitiveness

KW - entrepreneurial orientation

KW - Management studies

UR - http://www.scopus.com/inward/record.url?scp=85148694599&partnerID=8YFLogxK

U2 - 10.1109/ICE/ITMC-IAMOT55089.2022.10033154

DO - 10.1109/ICE/ITMC-IAMOT55089.2022.10033154

M3 - Article in conference proceedings

AN - SCOPUS:85148694599

BT - 2022 IEEE 28th International Conference on Engineering, Technology and Innovation, ICE/ITMC 2022 and 31st International Association for Management of Technology, IAMOT 2022 Joint Conference - Proceedings

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 28th IEEE International Conference on Engineering, Technology and Innovation, ICE/ITMC 2022 and 31st International Association for Management of Technology, IAMOT 2022 Joint Conference

Y2 - 19 June 2022 through 23 June 2022

ER -