Files and links (2)
Leveraging the Entrepreneurial Method as a Tool for the Circular Economy - The Case of Wood Waste553.38 kB
Published VersionCC BY V4.0, Open Access
Journal article
Leveraging the Entrepreneurial Method as a Tool for the Circular Economy: The Case of Wood Waste
Sustainability, Vol.14(3), pp.1-10
2022
Abstract
New global and domestic policy and regulatory initiatives promoting a circular economy have renewed interest in the beneficial repurposing of commercial waste streams. Likewise, consumer trends and customers’ increased understanding of what they purchase, where it comes from, and what happens to it post-consumption have forced firms to consider reducing and reusing their production waste streams. The forest products industry is an exemplar of becoming more adept at reorganising and exploiting repurposed waste streams for beneficial reuse. This paper explores three case studies from the Australian forestry sector that illustrate how wood waste is being profitably repurposed
as an input into other products. We use the lens of the entrepreneurial method to explore how firms recognise, strategically access, and exploit the sustainable opportunities that can range from sustainably sourced inputs to environmental-, social-, and governance-driven consumption and investments. Effectual logic allows the reconceptualisation of forestry waste streams into inputs for use in creating new commercial products and provides a theoretical framework. While the repurposing of wood waste is profitable for the forestry firm, we found that social and economic gains reach far beyond the region in which these activities occur. Innovations often stimulate other innovations, resulting in a virtuous cycle within regional Australia’s emerging circular economy.
Details
- Title
- Leveraging the Entrepreneurial Method as a Tool for the Circular Economy: The Case of Wood Waste
- Authors
- Saskia de Klerk (Author) - University of the Sunshine Coast, Queensland, School of Business and Creative IndustriesMohammad Reza Ghaffariyan (Author) - University of the Sunshine Coast, Queensland, Forest Industries Research CentreMorgan P Miles (Author) - The University of Queensland
- Publication details
- Sustainability, Vol.14(3), pp.1-10
- Publisher
- MDPI AG
- Date published
- 2022
- DOI
- 10.3390/su14031559
- ISSN
- 2071-1050
- Copyright note
- Copyright: © 2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
- Organisation Unit
- School of Business and Creative Industries; Australian Centre for Pacific Islands Research; University of the Sunshine Coast, Queensland; Forest Industries Research Centre; Forest Research Institute
- Language
- English
- Record Identifier
- 99605108102621
- Output Type
- Journal article
Metrics
5 File views/ downloads
43 Record Views
InCites Highlights
These are selected metrics from InCites Benchmarking & Analytics tool, related to this output
- Collaboration types
- Domestic collaboration
- International collaboration
- Web Of Science research areas
- Environmental Sciences
- Environmental Studies
- Green & Sustainable Science & Technology
UN Sustainable Development Goals (SDGs)
This output has contributed to the advancement of the following goals:
Source: InCites