The Importance of Circular Economy for Businesses in Russia
Gurko, Daria (2017)
Gurko, Daria
Lahden ammattikorkeakoulu
2017
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2017120419527
https://urn.fi/URN:NBN:fi:amk-2017120419527
Tiivistelmä
Today, due to the economic growth, the exploitation of planet’s resources is so high that it is a time to find alternative ways to use resources and make business. Understanding the finiteness of earth’s raw materials, makes a call for a new economic model – circular economy. Its main purpose is to decrease the input of raw materials and waste output to the environment by creating closed production and consumption loops. Circular economy aims to replace the established linear economy model, which acts like “take, make, dispose”.
The purpose of the research is to establish how circular economy can be beneficial for a Russian company based on the example of FIRO-O Company. Suggestions on how else circular economy principles can be applied in business are introduced in the research.
The deductive approach was used for the study. Qualitative methods were applied in order to answer the reseach question and sub-questions. Both primary and secondary data were used in the thesis. Secondary data is mainly collected from online sources and published articles.
The empirical part of the study includes six structured interviews and a case study of the FIRO-O Company. The taken interviews provide an
understanding on how a company can move towards circular economy and what aspects can be improved. The research outcomes consider that the case company should implement several circular economy business models, utilize recycling and industrial side streams and find new ways of using resources.
The purpose of the research is to establish how circular economy can be beneficial for a Russian company based on the example of FIRO-O Company. Suggestions on how else circular economy principles can be applied in business are introduced in the research.
The deductive approach was used for the study. Qualitative methods were applied in order to answer the reseach question and sub-questions. Both primary and secondary data were used in the thesis. Secondary data is mainly collected from online sources and published articles.
The empirical part of the study includes six structured interviews and a case study of the FIRO-O Company. The taken interviews provide an
understanding on how a company can move towards circular economy and what aspects can be improved. The research outcomes consider that the case company should implement several circular economy business models, utilize recycling and industrial side streams and find new ways of using resources.