Circular economy management in business organizations using digital technologies

Abstract

The circular economic model management in business organizations around the world depends on the emergence of innovations in technology, organizational forms and business models. The level of circularity of a business organization largely depends on the development of digital technologies. In a real dynamic business environment, digital technologies can be applied to capture the full potential of circular strategies for improving resource efficiency and productivity. By applying digital technology in business organizations, it is possible to monitor the process of transition of a linear economic model to a circular economic model. Therefore, this paper aims to review developed digital tools, which can be used to monitor the circular economy at the level of a business organization, in order to improve the decision-making process in the analyzed area.