Understanding The Circular Economy

Master Sustainability & Growth: Dive into Circular Economy Practices, Carbon Accounting and Sustainable Business Models

Created by: Peter Alkema
Business | Technology | Self Development

Created by: Irlon Terblanche
CEO at SioTech

What Will I Learn?

• Describe the core concepts of a circular economy and differentiate them from those of a linear economy.
• Analyze the environmental benefits of transitioning to a circular economy using case studies.
• Evaluate the economic impacts of adopting circular economy principles on a global and local scale.
• Apply circular economy strategies to foster community development and social inclusion.
• Design a product or service that aligns with the core principles of the circular economy to minimize waste and pollution.
• Propose methods to regenerate natural systems through circular economy practices in a specific industry.
• Create a business model that keeps products and materials in use longer than traditional models.
• Evaluate the benefits and challenges businesses face when adopting circular economy practices.
• evelop a strategy to engage and educate consumers on the benefits and importance of circular economy practices.
• Design a circular supply chain for a specific product, identifying potential challenges and solutions.
• Apply the concept of Product as a Service (PaaS) in a business model to reduce material consumption.
• Assess the role of government policies in supporting the transition to a circular economy, identifying key enablers and barriers.
• Integrate circular design principles into a new or existing product, focusing on efficiency and innovation.
• Compare recycling and upcycling processes and their impacts on sustainability and business opportunities.
• Implement a reuse system within a business or community setting, outlining the steps necessary for its success.
• Develop a plan to integrate IoT and AI technologies into circular supply chain management to enhance efficiency and transparency.
• Propose an incentive or subsidy program to foster circular economy initiatives, including its expected outcomes and impacts.
• Design an educational program to increase consumer engagement with and adoption of circular economy practices.
• Create key performance indicators (KPIs) for measuring the impact of circular economy initiatives in a business or community.
• Formulate a strategy for managing e-waste, including collection, recycling, and repurposing, to align with circular economy principles.

Requirements

• There are no requirements or pre-requisites for this course, but the items listed below are a guide to useful background knowledge which will increase the value and benefits of this course.
• Basic understanding of sustainability and environmental issues.
• Familiarity with business and economic concepts.
• Interest in innovation and systems thinking.

Target audience

• Sustainability Officers and Environmental Managers in corporations looking to integrate circular economy principles into their operations.
• Small and Medium Enterprise (SME) owners interested in transforming their business models to be more sustainable and circular.
• Policy Makers and Government Officials aiming to develop or refine regulations that encourage circular economy practices.
• Environmental Studies and Sustainability students or recent graduates seeking practical applications of their knowledge in circular economy.
• Social Entrepreneurs and Innovators looking for inspiration to solve environmental issues through business and technology.
• Supply Chain and Logistics Managers exploring ways to redesign supply chains for circularity and efficiency.