Opportunities and business models of circular economy - the hierarchy of waste management methods

Abstract

A circular economy at the enterprise level requires a structural transformation of the business model and the appropriate adaptation of various management functions. The aim of the article is to show the economic possibilities of circular economy, selected areas and tools that can be the key to radical improvement of sustainable results, creating environmental, social and financial value. The attention was paid to the benefits and challenges of circular economy, to the hierarchy of ways to deal with waste. It was emphasized that the opportunity for new business models of the circular economy, especially the Zero Waste concept, is to ensure the further economic growth of enterprises when designing and managing products and processes in such a way as to avoid and eliminate waste as much as possible and promote the saving and recovery of all resources.