Experiences with the circular economy model for effective business management

Abstract

It is based on the principles of reducing, reusing,
repairing, and recycling to maintain the value of
products and materials for as long as possible. It is
presented as an alternative to the traditional linear
economic model, which is based on the extraction,
production, consumption, and disposal of resources,
which is unsustainable because it generates a large
amount of waste and environmental pollution. The
main purpose of this article is to analyze the concept
of circular economy, its principles, benefits, and how
much is being done to implement it to make it part of the
management of industrial, commercial, and service
companies in the eastern zone of El Salvador. For this
purpose, interviews were carried out with managers
from different business sectors, using a qualitative
approach to appreciate the scope and limitations in
its implementation and expectations regarding the
convenience of its adoption, as well as to identify
their experiences with this model at present. Finally,
the phases to implement a “circular economy model”
that is adaptable to the companies interested in it are
shared and proposed.