Circular Economy Business Models in the Micro, Small, and Medium Enterprises: A Review

Astadi Pangarso; Kristina Sisilia; Yahya Peranginangin

Circular Economy Business Models in the Micro, Small, and Medium Enterprises: A Review

Astadi Pangarso, Kristina Sisilia, Yahya Peranginangin

Abstract

MSME business should be built based on circular economy (CE)-
based business models. The purpose of this article is to present
a review of several articles that have been published in Scopus
discussing the CE-based business model and MSMEs to find
research gaps and future research agendas. It used some tools of the
theoretical assay, such as bibliometric analysis, systematic literature
review, theory, context, and characteristic methodology (TCCM).
The paper outlines all findings of analyzed literature about CE’s
business model applied by MSME in the Scopus document until
June 2021. The findings of this study provided more high-quality
evidence about research and practical gaps regarding the CE-based
business model and MSME, which needs more research focuses
on market desirability in the future and more understanding of
internal processes in MSME’s case studies. The implication of this
article is to provide a future research agenda based on a collection
of research gaps as a basis for empirical research.

JEL Classification: L26, M10, Q56

Keywords

business model; micro, small, and medium enterprises; circular economy

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DOI: 10.15408/etk.v21i2.24052