Objective: To assess students’ understanding of the circular economy concept and its application within the context of sustainable luxury and ethics in tourism and retail.

September 22, 2024September 22, 2024 Discipline: Business and Management

Objective: To assess students’ understanding of the circular economy concept and its application within the context of sustainable luxury and ethics in tourism and retail.

Instructions:

  1. Read the Article: Ensure you have thoroughly read the article titled “A Circular Case: The Circular Economy and the Service Industries.”

  2. Individual Analysis: Write a short analytical essay (800-1000 words) addressing the following prompts:

    a. Understanding Circular Economy:

    • Summarize the key features of the circular economy as outlined in the article.
    • Contrast the circular economy with the traditional linear economy.

    b. Application to Luxury Tourism:

    • Discuss how the principles of the circular economy can be applied to the luxury tourism industry. Provide specific examples or hypothetical scenarios where sustainable luxury practices could align with circular economy principles.

    c. Challenges and Opportunities:

    • Identify and analyze at least two major challenges and two opportunities associated with implementing circular economy practices in luxury tourism and retail industries.
    • How do these challenges and opportunities impact ethical considerations in the industry?

    d. Personal Reflection:

    • Reflect on how the concepts from the article might influence your future career in marketing tourism. How would you apply these principles to promote sustainable luxury and ethical practices in your professional work?

  3. Submission: Submit your essay by [insert deadline here]. Make sure your analysis is well-supported with examples from the article and your own insights.

Evaluation Criteria:

  • Understanding of circular economy concepts
  • Relevance and depth of application to luxury tourism
  • Insightfulness in identifying challenges and opportunities
  • Quality of personal reflection and career application 
  • Article : https://eprints.glos.ac.uk/8614/1/8614-Jones-%282020%29-A-CIRCULAR-CASE.pdf

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