To accelerate sustainable development towards more circular business systems, firms must develop advanced dynamic capabilities. This is especially critical in the construction and development (C&D) sector, which has been historically slow to innovate and yet is responsible for building the cities of the future. We draw on the burgeoning literature on dynamic capabilities for circularity to illustrate how organizations can extend current transitional approaches to sustainability towards more transformative business practices. Using multiple examples from the C&D industry, we provide an integrative framework and managerial guidance for any company seeking to develop the dynamic capabilities required to advance circularity.
Mazutis et al. (Mon,) studied this question.