Leading in Circles: The Inevitable Circular Economy
Can you survive in the new economy?
As supply chain disruptions proved, our current economic model is very linear. One kink in the chain can cascade through our whole system, nationally and globally. And our linear economy assumes unlimited resources to keep production going to start the chain. But unless we start mining asteroids soon, Earth has finite resources…and climate change is reducing even those (for example, where do we get wood as forests continue to die off?).
One solution is the circular economy, but its proponents are seeing it as an ideal. Christoph Hinske of Saxion University joins us to point out the “impossibilities” of the circular economy system, and the problems those can create. It’s a necessary process to strengthen the circular economy’s possibility while we face the inevitable transition to something new in the ways we conduct business.
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Mr. Christoph Hinske is an associate professor at the School of Finance and Accounting at SAXION University of Applied Sciences, covering Systems Leadership and Entrepreneurial Ecosystems. In his work, Christoph observed that our rapidly transforming economies force leaders to be systemic since they need to act in complex, ambiguous ecosystems. Consequently, his research focuses on empowering leaders to change their strategic and operational models from linear to circular to ecosystemic. He observed that 80 of organizations, intending to transform their models to be more systemic, continue doing the old stuff, using new fancy words. They still apply the same tools, mindsets, and frameworks developed to build linear success.
Christoph is the co-editor of a new book, The Impossibilities of the Circular Economy: Separating Expectations from Reality, with experts from 12 different countries weighing in on why our current economic system will fail -- and what it will take for a circular economy to replace it.