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Sustainability 2017, 9(9), 1507; doi:10.3390/su9091507

Circular Economy and Decision Models among European SMEs

1
National Scientific Research Institute for Labour and Social Protection, 6-8 Povernei Street, 010643 Bucharest, Romania
2
National School for Political and Administrative Studies, 30A Expozitiei Bd., 012104 Bucharest, Romania
*
Author to whom correspondence should be addressed.
Received: 28 July 2017 / Revised: 18 August 2017 / Accepted: 21 August 2017 / Published: 24 August 2017
(This article belongs to the Special Issue Entrepreneurial Sustainability: New Innovative Knowledge)
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Abstract

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. View Full-Text
Keywords: sustainable business decisions; circular economy; decision tress sustainable business decisions; circular economy; decision tress
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Zamfir, A.-M.; Mocanu, C.; Grigorescu, A. Circular Economy and Decision Models among European SMEs. Sustainability 2017, 9, 1507.

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