Study on Decision Support Tool Towards Circular Economy Practice – A Case Study for Electronics Companies

Abstract

The study is a continuation of our previous research on the impact of business organization factors on circular economy (CE) practices towards the development of a decision support tool to facilitate the adoption, implementation, development and strategy of CE activities in the Vietnamese industry. The tool helps to quickly assess the status of CE practice in the enterprises and makes a structural chart according to the CE maturity models. Having a positive direction in the management organization and application of CE theory, the electronics companies are illustrated as a case study for the application of the tool. As the results, one organization form (namely, the System) aligning with three business models (namely, Resource Models, Design Models, Lifetime Extention Models) and five supporting processes (namely, Digitization and Datafication, Return Logistics, Competences, Technical Infrastruture, Setting Up Processes, Quality Monitoring) are proposed for visualization of strategic interventions and recommendations for the electronics industry on business sustainability, competitiveness, alignment between their business objectives, priorities, and key performance indicators towards CE practice.