International Strategic Management

  International Strategic Management: Assignment The Circular Economy The ‘Circular Economy’ is about changing from our dead-end, wasteful‘take, make, dispose’ linear production strategic approach to more sustainable ways of tackling our environmental problems. The Ellen Macarthur Foundation amongst others have a number of resources about how companies can change their strategies to move away from traditional models to encourage reuse and extraction of maximum value before returning resources to the biosphere https://www.ellenmacarthurfoundation.org/circular- economy/overview/concept One of the examples that the Ellen Macarthur Foundation gives is that of the bio-bean company: https://www.ellenmacarthurfoundation.org/ce100/directory/bio-bean-ltd There is an interesting article on the BBC’s Business website:http://www.bbc.co.uk/news/business-30912769 What you are required to do in this assignment: Discuss the key concepts behind the circular economy?What difficulties are there for businesses wanting to make the change? What do businesses and organisations need to consider when transitioning to a circular economy? Discuss two innovative organisations (one in Manufacturing and one in the Service sector) that have embraced the transition to a circular economy (like bio-bean above). It is reasonable to include examples that have only been able to partially change to the circular economy (providing you explain why they can’t transition fully). You mustdraw on academic journal articles and present a summary of the current academic thinking on this emerging discipline. Format: academic essay with an introduction, main body and conclusion using references based upon the Harvard Referencing System. Word count: 3000 words