Circular Economy and Decision Models among European SMEs
By Ana-Maria Zamfir, Cristina Mocanu, Adriana Grigorescu. 2017
119 citations recorded by the source corpus.
While targeting waste reduction and maintaining the value of products and resources in the system as much as possible, undertaking circular economy practices at the company level is a way of achieving entrepreneurial sustainability. This paper explores entrepreneurial decision models for adopting circular economy practices, focusing on European SMEs. Decision tree models are applied on data from Flash Eurobarometer 441 in order to uncover business strategies in relation to the implementation of circular economy practices at the company level and with the optimal level and nature of investments in the circular economy for improving economic performances of companies. The main findings of the article offer a better understanding of the relation between characteristics of European SMEs and their decisions in the field of circular economy. Such results are relevant from both macro and micro perspectives, as they can be used for customizing circular economy programs and intervention strategies for various groups of SMEs, as well as for supporting sustainable entrepreneurial decisions.
Subfields: Business and International Management, Marketing, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/d5c32ce151913b137b504a0c52f6760755256ed0
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Citations in the corpus
- Financial Resources for the Circular Economy: A Perspective from Businesses (2019, background): “Some examples are eco-innovation processes [11], eco-design [12,13], compatibility with existing production processes, capital life-cycle or the high initial direct costs of investment, and the exploitation of renewables [14].”