Preprint Article Version 2 Preserved in Portico This version is not peer-reviewed

Family Business’s Transitioning to Circular Economy Model: The Case of “Mercadona”

Pedro Nuñez-Cacho
* ORCID logo ,
Valentín Molina-Moreno
ORCID logo ,
Francisco A. Corpas-Iglesias
ORCID logo ,
Francisco J. Cortés-García
Version 1 : Received: 19 December 2017 / Approved: 20 December 2017 / Online: 20 December 2017 (12:14:27 CET)
Version 2 : Received: 29 January 2018 / Approved: 22 February 2018 / Online: 22 February 2018 (10:33:56 CET)

A peer-reviewed article of this Preprint also exists.

Núñez-Cacho, P.; Molina-Moreno, V.; Corpas-Iglesias, F.A.; Cortés-García, F.J. Family Businesses Transitioning to a Circular Economy Model: The Case of “Mercadona”. Sustainability 2018, 10, 538. Núñez-Cacho, P.; Molina-Moreno, V.; Corpas-Iglesias, F.A.; Cortés-García, F.J. Family Businesses Transitioning to a Circular Economy Model: The Case of “Mercadona”. Sustainability 2018, 10, 538.

Abstract

Sustainability addresses environmental and social issues affecting this and future generations. When family businesses perceive that the community is disrupted, recognize an environmental problem and respond by implementing new environmental policies or regulations, the family business’s socio-emotional values press to transition to a more sustainable production system, such as the ‘Circular Economy.’ Drawing on the Dubin (1978) methodology—a paradigm for building models through deduction—we design a sustainable model, which shows family businesses’ responses to changes in the environment. It explains the reasons why family firms transition to the Circular Economy, based on the theory of Socio-Emotional Wealth (SEW). We check the model through the case study of the food retail leader in the Spanish market—Mercadona—which applies policies about energy, resources and waste to become a Circular Economy business model. Because of the strong family character of Mercadona, this case can be useful for the decision-making of other family businesses.

Keywords

Circular Economy; sustainability; family business; model; case study; Mercadona

Subject

Business, Economics and Management, Business and Management

Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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