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Corporate Social Responsibility, Circular Economy and Sustainable Development: Business Changes and Implications in Project-Oriented Companies

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Abstract

By the end of the last century, the only goal of the company’s businesses was to make a profit and paid very little attention to other aspects that were outside the obligations prescribed by law. However, constant social, environmental, and economic changes have affected the dynamics of changes in the business environment, which contributed to companies starting to apply the new concepts as Corporate Social Responsibility, Circular Economy, and Sustainability. Hence, this research aims to investigate the implementation of Circular Economy through Corporate Social Responsibility practice to achieve sustainable development in project-oriented companies in various industries. For this purpose, an adequate measuring scale was developed for assessing the respondents’ opinions. The respondents were the employees of all levels and the management structures in companies from Serbia, Russia, and Bulgaria. For analyzing of results, the Shenon Entropy Method was used for estimating criteria weights. For the final ranking of five types of industries in surveyed countries, the TOPSIS method was used. Given that does not exist a research framework that is systematically dealing with the analysis of the Corporate Social Responsibility and Circular Economy in order to sustainability development in project-oriented companies, this research is contributed to theoretical and practical implication.

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Acknowledgement

The research presented in this paper was done with the support of the Ministry of Education, Science and Technological Development of the Republic of Serbia, within the funding of the scientific research work at the University of Belgrade, Technical Faculty in Bor, according to the contract with registration number 451-03-68/2020-14/200131.

The research presented in this chapter is initiated through DAAD sponsored project “Corporate Social Responsibility (CSR) as the entrepreneurial activity,” in the frame of the International Resita Network for Entrepreneurship and Innovation. The project coordinators were Professor Peter Schulte from INEA, Germany, and Professor Ivan Mihajlovic from the University of Belgrade, Faculty of Mechanical Engineering, Serbia.

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  1. University of Belgrade, Technical faculty in Bor, Bor, Republic of Serbia

    Isidora Milošević, Sanela Arsić & Anđelka Stojanović

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  1. Isidora Milošević
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  2. Sanela Arsić
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  3. Anđelka Stojanović
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Correspondence to Isidora Milošević .

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  1. Faculty of Organizational Sciences, University of Belgrade, Belgrade, Serbia

    Vladimir Obradović

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Milošević, I., Arsić, S., Stojanović, A. (2023). Corporate Social Responsibility, Circular Economy and Sustainable Development: Business Changes and Implications in Project-Oriented Companies. In: Obradović, V. (eds) Sustainable Business Change. Springer, Cham. https://doi.org/10.1007/978-3-031-23543-6_5

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