Innovating towards a circular bioeconomy: dynamic capabilities of firms in the Brazilian Amazon

Prado, P; Motta, W

doi:10.4337/9781035307968.00024

Innovating towards a circular bioeconomy: dynamic capabilities of firms in the Brazilian Amazon

Lookup NU author(s): Dr Patricia Prado ORCiD

Downloads

Full text for this publication is not currently held within this repository. Alternative links are provided below where available.

Abstract

A circular bioeconomy (CBE) requires innovative behaviour across all levels and actors in society. In transitioning from a linear to a CBE, firms need to develop dynamic capabilities to address any changes in the markets or business environment. This chapter explores dynamic capabilities that firms require to drive innovation towards a CBE, focusing on the Amazon Forest in Brazil. Drawing on qualitative data, it analyses the emerging Brazilian bioeconomy strategies and the dynamic capabilities developed by three firms that operate in the region. These firms employ various circular strategies, from those related to circular inputs to those related to establishing reverse logistics. The chapter identifies that innovating towards a CBE in the Brazilian Amazon requires firm-specific capabilities grounded in activities aimed at preserving the forest and its socio-biodiversity. This needs to combine traditional, local knowledge and expertise with innovative practices, processes and products, in line with a bio-ecology perspective of bioeconomy. The chapter concludes with practical implications and recommendations for firms operating within this context.