Circular Economy as a Driver of Sustainable Development of Economic Entities

Relevance. Over the past three decades, the entire progressive world has sought to put into practice the concept of sustainable development, which involves a balance of ecological, economic and social aspects. Circular economy (circular economy) can play an important role in the sustainable development and management of an economic entity, which ensures its long-term performance and guarantees environmental and social benefits. It is imperative that business entities realize and implement the principles of circularity as part of their strategic plan.
The current literature treats circular economy as a guide for more sustainable business models, with unclear key implications for key business areas.
The purpose is through a systematic review of the current literature, identify areas of activity affected by the practice of circular economy within an economic entity.
Objectives: to identify the main business areas that are influenced by the practices of the circular economy. Consider the key implications of circular economy practices for business management.
Methodology. Analysis, synthesis, classification, observation, study of various sources of information were used as the main methods of work.
Results. The business areas of strategic planning, cost management, supply chain management, quality management, environmental management, process management, logistics and reverse logistics, service management as well as research and development are identified, which allowed to discuss the main contribution of circular economy in each area.
The results of the study can serve as a basis for achieving sustainable development goals at different levels and areas of economic management with the tools of circular economy: circular business models, markets for secondary raw materials, methods of managing the cyclicality of production and consumption.
Conclusion. In this connection, the adoption of a new concept of thinking can allow the economic entity to obtain more sustainable (economic) results while reducing the impact.

1. Maltseva V. S., Yushin V. V. Ekologicheskie problemy krupnykh gorodov na primere Kurska [Ecological problems of large cities on the example of Kursk]. Izvestiya Yugo-Zapadnogo gosudarstvennogo universiteta. Seriya: Tekhnika i tekhnologii = Proceedings of the Southwest State University. Series: Engineering and Technologies, 2016, no. 1 (18), pp. 36-41.

2. Prelikova E. A., Belkina V. A. Sotsiologicheskii analiz ekspertnogo mneniya po voprosam sostoyaniya okruzhayushchei prirodnoi sredy i tekhnosfery goroda Kurska [Sociological analysis of expert opinion on the state of the environment and the technosphere of the city of Kursk]. Izvestiya YugoZapadnogo gosudarstvennogo universiteta. Seriya: Ekonomika. Sotsiologiya. Menedzhment = Proceedings of the Southwest State University. Series: Economics, Sociology and Managment, 2019, vol. 9, no. 3 (32), pp. 192-201.

3. Mochalova L. A. Ekologicheskie aspekty modernizacii ekonomiki Rossii [Environmental aspects of the modernization of the economy of Russia]. Izvestiya Ural'skogo gosudarstvennogo gornogo universiteta = Proceedings of the Ural State Mining University, 2016, no. 3, pp. 105-108.

4. Batova N. V., Sachek P. S., Tochitskaya I. A. Cirkulyarnaya ekonomika v dejstvii: formy organizacii i luchshie praktiki [Circular economy in action: forms of organization and best practices]. Available at: http://www.beroc.by/webroot/delivery/files/pp_5_rus.pdf. (accessed 10.03.2021)

5. Gerasimenko D., Nikolaeva I. Tsirkulyarnaya ekonomika v Rossii v kontekste Tseley ustoychivogo razvitiya OON i Goda ekologii [Circular economy in Russia in the context of the UN Sustainable Development Goals and the Year of Ecology]. Mosty = Bridges Network, 2017, no. 3, pp. 25–29.

6. Aleksandrova V. D. Sovremennaya koncepciya cirkulyarnoj ekonomiki [Modern concept of circular economy]. Mezhdunarodnyj zhurnal gumanitarnyh i estestvennyh nauk = International Journal of the Humanities and Natural Sciences, 2019, no. 5, pp. 87-93.

7. Gurieva M. A. Teoreticheskie osnovy koncepta cirkulyarnoj ekonomiki [Theoretical Foundations of the Concept of Circular Economy]. Ekonomicheskie otnosheniya = Economic Relations, 2019, vol. 9, no. 3, pp. 2311–2335.

8. Lapin N. I. Obzornyy doklad o modernizatsii v mire i Kitae (2001–2010) [Overview report on modernisation in the world and China (2001–2010)]. Moscow, The Whole World Publ., 2011. 256 p.

9. Valko D. V. Tsirkulyarnaya ekonomika: ponyatiynyy apparat i diffuziya kontseptsii v otechestvennykh issledovaniyakh [Circular economy: Definitions and diffusion of the concept in Russian research]. Nauchnyy zhurnal NIU ITMO. Seriya "Ekonomika i ekologicheskiy menedzhment" = Scientific Journal NRU ITMO. Series "Economics and Environmental Management", 2019, no. 2, pp. 42- 49.

10. Socheeva V. E. Tsirkulyarnaya model' ekonomiki kak novyy podkhod k probleme ustoychivogo razvitiya [Circular model of the economy as a new approach to the problem of sustainable development]. Ekonomika i biznes: teoriya i praktika = Economy and Business: Theory and Practice, 2017, no. 7, pp. 122–124.

11. Pakhomova N. V., Rikhter K. K., Vetrova M. A. Perekhod k tsirkulyarnoy ekonomike i zamknutym tsepyam postavok kak faktor ustoychivogo razvitiya [Transition to circular economy and clos- edloop supply chains as driver of sustainable development]. Vestnik Sankt-Peterburgskogo universiteta. Ekonomika = St. Petersburg University Journal of Economic Studies, 2017, vol. 33, no. 2, pp. 244– 268.

12. Aleksandrova V. D., Abramova O. A. Probely, ogranichivayushchie cirkulyarnuyu ekonomiku metallov (na primere bariya) [Gaps limiting the circular economy of metals (on the example of barium)]. Mezhdunarodnyj nauchnyj elektronnyj zhurnal "Sinergiya nauk"= International Scientific Electronic Journal "Synergy of Sciences", 2019, no. 31, pp. 190-196.

13. Sotnikova O. A., Zhidko E. A. Problemy utilizacii othodov proizvodstva ekologicheski opasnyh i ekonomicheski vazhnyh ob"ektov CCHR i puti ih resheniya [Problems of recycling waste production of environmentally hazardous and economically important objects of the Central Chernobyl Region and ways to solve them]. Biosfernaya sovmestimost': chelovek, region, tekhnologi = Biosphere Compatibility: Human, Region, Technology, 2017. no. 3(19), pp. 11-20.

14. Yushin V. V., Zotov V. V., Rykunova I. O., Prelikova E. A. Monitoring of urban solid waste by means of information and telecommunication technologies [Monitoring zagryaznenii tverdymi bytovymi otkhodami gorodskoi sredy posredstvom informatsionno-telekommunikatsionnykh tekhnologii]. Izvestiya Yugo-Zapadnogo gosudarstvennogo universiteta. Seriya: Tekhnika i tekhnologii = Proceedings of the Southwest State University. Series: Engineering and Technologies, 2011, no. 2, pp. 87‒94.

15. Zhidko E. A. Ekologicheskij menedzhment kak faktor ekologo-ekonomicheskoj ustojchivosti predpriyatiya v usloviyah rynka [Environmental management as a factor of environmental and economic sustainability of the enterprise in market conditions]. Voronezh, Voronezh State University of Architecture and Civil Engineering Publ., 2009. 156 p.

16. Zhidko E. A., Popova L. G. Informacionnye riski v ekologii HKHI veka: principy upravleniya [Information Risks in the Ecology of the XXI Century: Principles of Management]. Informacionnaya bezopasnost' = Information Security, 2010, vol.13, no. 3, pp. 325-334.

17. Popova L. G., Barkovskaya S. V., Zрidko E. A. Informacionnyj monitoring bezopasnosti i ustojchivosti razvitiya organizacii v ХХI veke [Information Monitoring of Security and Sustainability of Organization Development in the XXI Century]. Informacionnaya bezopasnost = Information Security, 2009, vol. 12, no. 4, pp. 497-518.