Circular business model innovation- supporting factors and barriers

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Ivane Javakhishvili Tbilisi State University Press
Covid-19 pandemic and the most acute geopolitical circumstances have threatened the achievement of the Sustainable Development Goals. In this situation, the analysis of the factors supporting and hindering the innovation of the circular business model remains very important. Among scientists the concept of circular economy is discussed as a strategy to reduce waste of resources, pollution and emission. The circular business model innovation is considered by many researchers as a practical implementation of this concept at the organizational level. The drivers and barriers to circular business model innovation are considered to be the factors that either facilitates or inhibits organizational units in the process of conceptualizing and implementing circular business model innovation.
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Conference Proceedings: "The World Economy in the Post-Pandemic Period: Implications and Challenges", Tbilisi, 2023, pp. 190-196