MGLO 4005 Management for circular economy
"Societal changes as part of the pandemic crisis require innovative models for production and consumption that generate employment, spur economic development, attend new societal paradigms, and keep within a safe boundary of ecosystem functions and services. The circular economy proposes such model by redefining growth through decoupling economic activity from the consumption of finite resources, designing waste out of the system and motivating the transition to renewable energy sources.
In a circular economy, economic activity builds and rebuilds overall system health. The concept recognizes the importance of the economy needing to work effectively at all scales – for large and small businesses, for organizations and individuals, globally and locally–. Transitioning to a circular economy does not only amount to adjustments aimed at reducing the negative impacts of the linear economy. Rather, it represents a systemic shift that builds long-term resilience, generates business and economic opportunities, and provides environmental and societal benefits.
The circular economy implies a transformative change in operation, and strategy of organizations and systems in order to consider dynamic interactions between social activities and biophysical environment. Therefore, the scope of circular economy is highly complex decision making, involving many variables and their interactions, and interdisciplinary, drawing knowledge from various disciplines across science, management, and policy.
The purpose of this course is to provide students with an understanding of social-environment intersections of circular economy and introduce examples of circularity strategies and practices from various scales and perspectives. Through the course, students are expected to enhance their understanding about complexity, cause – effect relationships, and dilemma in circular economy issues, particularly in the context of Colombia, and hone their capacities to develop innovative approaches to address these issues."
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