Author(s): Park Ji-hoon
The traditional linear economic model of “take, make, dispose” is increasingly unsustainable, prompting organizations to adopt Circular Economy (CE) models. CE emphasizes resource efficiency, waste minimization, and regenerative practices, redefining how businesses create value while protecting the environment. This article explores circular economy principles, key models, and their integration into business strategies. It discusses the benefits of circularity, including reduced costs, enhanced competitiveness, and improved environmental performance. By transitioning to circular business models, organizations can achieve long-term sustainability, drive innovation, and contribute to global sustainability goals, creating a balance between economic growth and ecological stewardship.