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

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.