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Digital technology and circular economy practices: An strategy to improve organizational performance
Business Strategy & Development Pub Date : 2021-06-16 , DOI: 10.1002/bsd2.176
Syed Abdul Rehman Khan 1, 2, 3 , Hafiz Muhammad Zia‐ul‐haq 4 , Muhammad Umar 4 , Zhang Yu 5
Affiliation  

Amid rising environmental concerns, advanced technology, including Blockchain technology (BCT) are transforming circular economy (CE) practices and prevailing business models. Recognize the same, the current study examines the role of BCT in CE practices; and their impact on organizational performance. The study collects data from 239 enterprises that are located in Malaysian territories. By employing PLS-SEM modeling framework, the study provides two key findings. First, BCT significantly improves the CE practices (circular procurement, circular design, recycling, and remanufacturing). Second, CE practices help to increase organizational performance. This study set-out the foundations for participating countries/firms, that help to simultaneously achieve financial and sustainable goals through the integration of BCT in their business for betterment.

中文翻译:

数字技术和循环经济实践:提高组织绩效的战略

在环境问题日益严重的情况下,包括区块链技术 (BCT) 在内的先进技术正在改变循环经济 (CE) 实践和流行的商业模式。认识到这一点,目前的研究考察了 BCT 在 CE 实践中的作用;及其对组织绩效的影响。该研究收集了位于马来西亚领土的 239 家企业的数据。通过采用 PLS-SEM 建模框架,该研究提供了两个关键发现。首先,BCT 显着改进了 CE 实践(循环采购、循环设计、回收和再制造)。其次,CE 实践有助于提高组织绩效。本研究为参与的国家/公司奠定了基础,
更新日期:2021-06-16
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