Jurnal Aplikasi Bisnis dan Manajemen (JABM) E-Journal
Vol. 7 No. 1 (2021): JABM Vol. 7 No. 1, Januari 2021

BUSINESS VALUE-ADDED WITHIN THE CIRCULAR BUSINESS MODEL: A MULTIPLE CASE ANALYSIS

Dede Iskandar Siregar (Universitas Muhammadiyah Riau)
Intan Diane Binangkit (Department of Management, Universitas Muhammadiyah Riau)



Article Info

Publish Date
28 Jan 2021

Abstract

The traditional business model (linear economy) dominating the current industry has caused many environmental problems and depletes natural resources. The Circular Business Model (CBM) is believed to be a potential solution to this problem. Apart from being more environmentally friendly, this approach is also more profitable in a business sense. This present study aims to analyze the business value-added from the CBM. This study was conducted using a qualitative case study approach in four SMEs located in Pekanbaru city. The data collection process was carried out nobly from March-July 2020 through observation, interview, and study document. Observation and interviews were carried out simultaneously with owners, managers, and employees. The final data collection was carried out by analyzing documents obtained directly from the company, website, and press releases. The results showed that business value-added obtained from implementing CBM includes cost reduction (raw materials, operational) and additional revenue from the sale of used materials and production waste. Keywords: circular economy, business model, value-added, sustainability

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Journal Info

Abbrev

jabm

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Journal of Business and Management Application (JABM) published articles in the field of business and management applications such as business strategy management, financial management, human resources and organization, business value chain and other issues in the field of business and management. ...