Foresight for Small and Medium Enterprises in the Context of the Circular Economy

Small, medium, and micro enterprises make important contributions to economic growth and employment. Based on evidence from of the tire processing industry in Ecuador, this article assesses the development prospects for such companies in the context of the transition to a circular economy. The meth...

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Main Authors: Wendy Anzules-Falcones, Angela Maria Diaz-Marquez, Leon Padilla, Daniel Hernan-Hidalgo, David Sanchez-Grisales
Format: Article
Language:English
Published: National Research University Higher School of Economics 2021-03-01
Series:Foresight and STI Governance
Subjects:
Online Access:https://foresight-journal.hse.ru/article/view/19289
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author Wendy Anzules-Falcones
Angela Maria Diaz-Marquez
Leon Padilla
Daniel Hernan-Hidalgo
David Sanchez-Grisales
author_facet Wendy Anzules-Falcones
Angela Maria Diaz-Marquez
Leon Padilla
Daniel Hernan-Hidalgo
David Sanchez-Grisales
author_sort Wendy Anzules-Falcones
collection DOAJ
description Small, medium, and micro enterprises make important contributions to economic growth and employment. Based on evidence from of the tire processing industry in Ecuador, this article assesses the development prospects for such companies in the context of the transition to a circular economy. The methodological basis of the study is scenario planning. Five scenario hypotheses are proposed and the probability of their implementation is estimated. The most optimal scenario (in which all five hypotheses are realized) is feasible and subject to a set of measures, including the development of new management and marketing tools, the involvement of universities and research centers in the creation of new low-cost waste processing technologies, and the organization of a special fund to support research and development in companies focused on the circular model.
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issn 2500-2597
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publisher National Research University Higher School of Economics
record_format Article
series Foresight and STI Governance
spelling doaj-art-4d8de1a3b5cb47d5bba1181945bbd6302025-08-20T02:08:46ZengNational Research University Higher School of EconomicsForesight and STI Governance2500-25972021-03-0115110.17323/2500-2597.2021.1.86.96Foresight for Small and Medium Enterprises in the Context of the Circular EconomyWendy Anzules-Falcones0Angela Maria Diaz-Marquez1Leon Padilla2Daniel Hernan-Hidalgo3David Sanchez-Grisales4Universidad de Las Americas, De Los Colimes esq, Quito 170513, EcuadorUniversidad de Las Americas, De Los Colimes esq, Quito 170513, EcuadorUniversidad de Las Americas, De Los Colimes esq, Quito 170513, EcuadorUniversidad de Las Americas, De Los Colimes esq, Quito 170513, EcuadorUniversidad de Las Americas, De Los Colimes esq, Quito 170513, Ecuador Small, medium, and micro enterprises make important contributions to economic growth and employment. Based on evidence from of the tire processing industry in Ecuador, this article assesses the development prospects for such companies in the context of the transition to a circular economy. The methodological basis of the study is scenario planning. Five scenario hypotheses are proposed and the probability of their implementation is estimated. The most optimal scenario (in which all five hypotheses are realized) is feasible and subject to a set of measures, including the development of new management and marketing tools, the involvement of universities and research centers in the creation of new low-cost waste processing technologies, and the organization of a special fund to support research and development in companies focused on the circular model. https://foresight-journal.hse.ru/article/view/19289strategic foresightscenario planningcircular economymanagementMSMEs
spellingShingle Wendy Anzules-Falcones
Angela Maria Diaz-Marquez
Leon Padilla
Daniel Hernan-Hidalgo
David Sanchez-Grisales
Foresight for Small and Medium Enterprises in the Context of the Circular Economy
Foresight and STI Governance
strategic foresight
scenario planning
circular economy
management
MSMEs
title Foresight for Small and Medium Enterprises in the Context of the Circular Economy
title_full Foresight for Small and Medium Enterprises in the Context of the Circular Economy
title_fullStr Foresight for Small and Medium Enterprises in the Context of the Circular Economy
title_full_unstemmed Foresight for Small and Medium Enterprises in the Context of the Circular Economy
title_short Foresight for Small and Medium Enterprises in the Context of the Circular Economy
title_sort foresight for small and medium enterprises in the context of the circular economy
topic strategic foresight
scenario planning
circular economy
management
MSMEs
url https://foresight-journal.hse.ru/article/view/19289
work_keys_str_mv AT wendyanzulesfalcones foresightforsmallandmediumenterprisesinthecontextofthecirculareconomy
AT angelamariadiazmarquez foresightforsmallandmediumenterprisesinthecontextofthecirculareconomy
AT leonpadilla foresightforsmallandmediumenterprisesinthecontextofthecirculareconomy
AT danielhernanhidalgo foresightforsmallandmediumenterprisesinthecontextofthecirculareconomy
AT davidsanchezgrisales foresightforsmallandmediumenterprisesinthecontextofthecirculareconomy