Circular Bio-Economy Voyage

Abstract

The circular bio-economy journey is determined exceedingly from the industrial ecological lens, with brief intake from the management field studies. The present research embarks to contemplate the circular bio-economy applying managerial approach by splitting the complicated abstraction into a more straightforward structure using VOS Viewer software. Nine determining elements backed by organizational vantage point are extracted - industrial symbiosis, sustainable transitions, multilevel perspective, bio-economic regions, governance, innovations, challenges, sustainability and regional value chains. All nine elements retrieved from the literature are ranked based on expert opinion. Eventually, variable CER6 (challenges) ranked first in the order, followed by CER1 (sustainable transitions); the least relevant variable ranked by the experts is CER9 (industrial symbiosis). For better validation, the TISM technique is used. These pressing issues demand immediate attention from practitioners, entrepreneurs, policy-makers, academicians, and management scholars.