Creating value for stakeholders in the circular economy
Keywords:
circular economy, stakeholders, creating values for stakeholders.Abstract
Background: In this article, the key objective is to identify the importance of stakeholder value creation in the context of the circular economy in a two-track global economy. In addition, the activities of Regionalne Centrum Gospodarki Wodno-Ściekowej S.A. in Tychy are analyzed.
Research purpose: The aim of the study is to identify the of Identify the WHAT of creating value? Means? creating value for stakeholders in a circular economy.
Methods: The research method used is a literature review of source documents, domestic and international literature, and global and EU legislation that directly relates to the subject. We also employed desk research, analysis of case studies described in the literature on the subject, and methods of inference (deduction and induction).
Conclusions: The analysis demonstrates that there is a close link between the creation and provision of value to stakeholders in a closed-circle economy. The analysed business entity operates in accordance with the concept of sustainability, according to which factors that have an effect on making decisions related to the functioning of a plant include minimizing environmental costs, meeting the expectations and requirements of the town’s inhabitants, social acceptability, and economics. Through its operations, the business entity has put the concept of a smart city into practice. In order to increase value for stakeholders, the company has developed the SymbioTychy concept. In theory, green energy generated by the treatment plant will supply power to various municipal facilities, thus improving Tychy’s energy security.
References
Barnard C.I., The Functions of the Executive, 30th Anniversary Edition 1974, Ed. Harvard University Press, Cambridge 1938, MA.
Barros M.V., Guilherme R.S., do Prado F., de Francisco A.C., Piekarski C.M., Circular economy as a driver to sustainable businesses, Cleaner Environmental Systems, June 2021/2.
Benyus J., Biomimicry, HarperCollins, New York 2003.
Boulding K.E., The Economics of the Coming Spaceship Earth, w: H. Jarrett (red.), Environmental Quality in a Growing Economy, Resources for the Future/Johns Hopkins University Press, Baltimore 1996, s. 3–14.
Börlin M., Stahel W.R., Economic Strategy of Durability, Bankverein-Heft 1987/32, Basel, s. 77.
Ellen MacArthur Foundation, Towards the Circular Economy. Economic and Business Rationale for an Accelerated Transition.
Dobiegała-Korona B., Krzepicka A.K., Wartość dla klienta a społecznie odpowiedzialny marketing, Zeszyty Naukowe Uniwersytetu Szczecińskiego 2012/736, s. 557–568.
Freeman R.E., Divergent Stakeholder Theory, Academy of Management Review 1999/24 (2), s. 233–236.
Freeman R.E., Strategic Management. A Stakeholder Approach, Pitman, Boston 1984.
Friedman A., Miles S., Stakeholders: Theory and practice, Oxford University Press, Oxford 2006.
Gableta M., Człowiek i praca w zmieniającym się przedsiębiorstwie, Wydawnictwo AE Wrocław, Wrocław 2003.
Hawken P., Lovins A., Lovins L.H., Natural Capitalism: Creating the Next Industrial Revolution, Back Bay 2008.
Kaplan R., Norton D., Strategiczna Karta Wyników – Praktyka, CIM, Warszawa 2001.
Lieder M., Rashid A., Towards circular economy implementation: a comprehensive review in context of manufacturing industry, J Clean Prod 2015/115, s. 36–51.
Lifset R., Graedel T.E., Industrial Ecology: Goals and Definitions, w: R.U. Ayres, L. Ayres (red.), Handbook for Industrial Ecology, Edward Elgar, Brookfield 2001, s. 1–13.
McDonough W., Braungart M., The Hannover Principles, 10th Anniversary Edition, Hamburg 2003.
Niero M., Olsen S.I., Circular economy: To be or not to be in a closed product loop? A Life Cycle Assessment of aluminium cans with inclusion of alloying elements, Resources, Conservation and Recycling, November 2016/114.
Obłój K., Strategia organizacji. W poszukiwaniu trwałej przewagi konkurencyjnej, Polskie Wydawnictwo Ekonomiczne, Warszawa 2007.
Olve N., Petri C., Roy S., Twelve years later: Understanding and realizing the value of Balanced Scorecards, Management Services, Ivey Business Journal, May/June 2004, s. 1–7.
Palmer P., Getting To Zero Waste, Purple Sky Press, 2005.
Pauli G., Blue Economy: 10 Years, 100 Innovations, 100 Million Jobs, Paradigm Pubns, 2010.
Porter M.E., Kramer M.R., Tworzenie wartości dla biznesu i społeczeństwa, Harvard Business Review Polska 2011/5 (99), s. 67–75.
Romero D., Molina A., Green virtual enterprise breeding environments: A sustainable industrial development model for a circular economy, w: L.M. Camarinha-Matos, L. Xu, H. Afsarmanesh, Collaborative networks in the Internet of services, IFIP Technology Advances in Information and Communication 2012/380, s. 427–436.
Stahel W.R., The Performance Economy, Palgrave Macmillan, London 2006.
Stahel W.R., Reday-Mulvey G., Jobs for tomorrow: the potential for substituting manpower for energy, Project: Circular Economy and Sustainability – two faces of the same coin, Vantage Press, New York 1981.
Trias de Bes F., Kotler Ph., Innowacyjność przepis na sukces. Model „od A do F”, Rebis, Warszawa 2013.
Uz Zaman A., A Comprehensive Review of the Development of Zero Waste Management: Lessons Learned and Guidelines, Journal of Cleaner Production 2015/91, s. 12–25.
Wijkman A., Skånberg K., Korzyści społeczne z gospodarki o obiegu zamkniętym, Raport z badania zamówionego przez Klub Rzymski ze wsparciem z Fundacji MAVA, 2016.
Zupok S., Wartość dla klienta a cele organizacji, Studia i Prace WNEIZ US 2018/53/3, s. 77–88.
Zupok S., Wartość dla klienta w Regionalnym Centrum Gospodarki Wodno-Ściekowej w Tychach, Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu 2018/82/5, s. 89–109.
Zupok S., Wpływy innowacji na kreowanie wartości dla klienta, Studia i Prace Wydziału Nauk Ekonomicznych i Zarządzania, Zeszyty Naukowe Uniwersytetu Szczecińskiego 2015/39 (2), s. 37–47.
https://eur-lex.europa.eu/legal-content/PL/TXT/HTML/?uri=CELEX:52014DC0398R(01) &from=EN; stan na 20.02.2021 r.
https://onoze.pl/2020/10/20/powstal-tyski-klaster-energii/; stan na 15.02.2021
https://www.ellenmacarthurfoundation.org; stan na 20.02.2021 r.
https://www.teraz-srodowisko.pl/aktualnosci/aquapark-w-tychach-wyprodukowal-megawatogo-dzin-energii-8305.html; stan na 15.02.2021 r.
