SMALL BUSINESS SUCCESS IN THE DIGITAL AGE: THE BENEFITS OF BUSINESS MANAGEMENT TECHNOLOGY

Abstract

This article explores the benefits of business management technology for small businesses, with a focus on the wind power industry. The circular business models are discussed in detail, and guidelines are provided for policymakers, industry players, and academics to adopt such models in the industry. The article highlights the importance of circular economy framework to promote sustainability and reduce waste in the industry. The paper provides an overview of the environmental challenges associated with the wind power industry, including waste management of composite rotor blades, metal consumption, and other materials-related environmental effects. The article recommends a circular economy framework and circular business models to reduce the impact of the industry on the environment. Specifically, the article points out that wind power is the fastest-growing source of renewable energy and has a significant potential to reduce greenhouse gas emissions and safeguard the environment. 14 different circular business models are analyzed and evaluated through the revision of 125 documents, including journal papers, industrial business cases, and wind technology reports. The article provides comprehensive guidelines for policymakers, industry players, and academics to enable the deployment of circular business models in the wind power industry to promote sustainability. These findings are relevant across the sustainable and low-carbon energy sector