How companies that adopt circular economy principles increase their economic and social efficiency and minimise their environmental impact.


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How companies that adopt circular economy principles increase their economic and social efficiency and minimise their environmental impact.


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You are required to discuss how companies that adopt circular economy principles increase their economic and social efficiency and minimise their environmental impact. More specifically, you are required to write a report that provides two perspectives of the topic above: A theoretical and a practical perspective. The report as a whole should be no longer than 2500 words (excluding cover page and references). Assessment Breakdown Theoretical perspective: The first part of the report should address theoretical perspectives of the subject. For this, you are expected to draw from authoritative academic publications fundamental aspects of the circular economy. The topics you should address are: • Concepts and characteristics of the circular economy • The main drivers of the circular economy, i.e. why it is important and benefits for businesses, society and environment • The role of circular supply chains in supporting restorative processes advocated by the circular economy Practical perspective: In the second part, you are expected to apply the theoretical perspectives above to describe a business model case of a specific company implementing circular economy principles as part of a culture of operational improvement. For this, you should choose a particular company and describe its operations in terms of circular economy aspects. Reports explaining how the company’s supply chain supports the business operations will achieve higher marks. Your chosen company should represent a real-life illustrative example of how a business attempts to implement circular economy practices and the economic, social and environmental benefits the company can achieve. You are expected to support the description of your chosen company with business articles from high quality reliable sources such as the Financial Times (FT.com), The Economist (economist.com) or other similar sources. A business case presented with basis on the company’s website only will be considered unsatisfactory, i.e. exam fail. You can access electronic versions of business articles through the university library online services. Other requirements are: in text citation need from 20 to 25, and references also need 20 to 25. Harvard style referencing and use the up to date references start from 2010 to current. DESCRIPTION OF ORGANISATION (5% of word-count) – Identify chosen company, products/services and main customers THEORETICAL ASPECTS (55% of word-count) – Concepts and characteristics of the circular economy – The main drivers of the circular economy; why it is important; economic, social and environmental benefits – The role of circular supply chains in supporting restorative processes advocated by the circular economy APPLICATION OF CONCEPTS (40% of word-count) – Describe chosen company’s business model (operations and supply chain) in terms of circular economy aspects – Point out economic, social and environmental benefits