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Changing societal demands, climate change, and ecological transition lead companies to modify their practices to integrate social and environmental concerns. However, some businesses are born to be sustainable and thrive in today's economy. Indeed, their creators are sustainable entrepreneurs who see opportunities in social and environmental issues. This article studies the constituent elements of these companies: disruptive strategy, social product innovation, and digitalization of processes. An in-depth case study of the iconic company Patagonia identifies the main managerial practices that make up sustainable entrepreneurship. The most remarkable ones are: (1) ability to make radical choices contrary to the most common, supposedly more profitable practices;(2) integration of suppliers as true long-term partners;(3) open sustainable product innovation to achieve excellence in simplicity;and (4) environmental activism to convince others to adopt the same practices.
ABSTRACT
An MBA degree in India equips one with good management skills. Today, preparing executives to be business leaders is important, and so, MBA programs offer this leadership training. Executive MBA education helps working professionals progress in the organizational hierarchy of their company (Taj, Firms introduce unique executive education programmes. Economic Times (online) (2011) 14). Today, Executive MBA programs help working professionals start their own enterprises based on the knowledge gained during the course. The Symbiosis Institute of Management Studies' (SIMS) Executive MBA has inspired professionals to start their own ventures and successfully sustain them during the COVID-19 lockdowns. The research studies how Executive MBA can be used for entrepreneurial inputs. © 2023, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
ABSTRACT
In practically all economies, the COVID-19 pandemic has triggered an economic crisis greater than the 2008 recession. This research is done to improve understanding of the concepts and underlying principles of sustainable entrepreneurship, as the entrepreneurial activity is a crucial aspect to be considered in reducing this negative. For the purpose of achieving this objective, a comprehensive literature review is undertaken and outlined the fundamental themes that emerged. It is clear from this study that in order to fully realize the potential of entrepreneurs and MSMEs in the wake of the pandemic, structural policies that increase their resilience and competitiveness are essential.Copyright © 2022 Wolters Kluwer Medknow Publications. All rights reserved.
ABSTRACT
Currently, economic recovery is being affected by the consequences of the Covid-19 pandemic, climate shocks, logistical interruptions in the supply of goods, global inflation, and rising commodity prices due to the war in Ukraine. By proposing a new modified conceptual model of the Theory of Planned Behavior (TPB) oriented toward sustainability, this study aims to analyze, in an exploratory way, the influence of three new antecedents (propensity to take risks, perceived creativity, and proactive personality) on the dimensions of TPB and the sustainable entrepreneurial intention of Angolan students. A quantitative methodology was used by applying the Partial Least Square (PLS) method to a sample of 308 responses from Angolan students attending higher education in Angola. The results show that the TPB dimensions positively influence the sustainability-oriented entrepreneurial intentions of students in Angola. Furthermore, the dimensions of the TPB may have as antecedents and, therefore, be explained by the risk-taking propensity, the proactive personality, and the perceived creativity, positively influencing the dimensions of the TPB and stimulating the sustainable entrepreneurial intention in Angola. We demonstrate through an extended TPB model that there are antecedents of TPB that can be learned and stimulated, positively influencing entrepreneurial intention and, as such, entrepreneurial activity in Angola. Thus, these results are particularly interesting for policymakers, higher education institutions, and students. This study proposes a new conceptual model oriented towards sustainable entrepreneurship that includes the TPB dimensions and three new personality factors as antecedents. In this work, we intend to contribute to accelerating economic growth in Angola, stimulating entrepreneurial activity, and simultaneously contributing to achieving the sustainable development goals set out in the 2030 Agenda.
ABSTRACT
Sustainable entrepreneurship is an economic activity that integrates entrepreneurial activities with environmental and social sustainability, which is a frontier research field that integrates the triple bottom line of economy, environment, and society. A comprehensive survey was conducted in this study by collecting data from 203 potential entrepreneurs in China, such as employees with work experience, freelancers, and college students, by means of a questionnaire in March 2022. Structural equation modeling (SEM) was employed to investigate the research hypotheses considered, testing the impact of entrepreneurial intention on sustainable entrepreneurial behavior from the perspective of risk perception and institutional environment. The reliability and validity of the measurements are demonstrated. The outcomes from the conducted analyses show that entrepreneurial intention and risk perception do not directly affect sustainable entrepreneurial behavior, while entrepreneurial intention significantly affects risk perception. Moreover, risk perception serves a mediating role in the relationship between entrepreneurial intention and sustainable entrepreneurship. The institutional environment positively predicts sustainable entrepreneurship behavior and could even have a greater effect by reducing risk perception. Hence, this study suggests that the government should provide policy and financial support to create an open, stable, and inclusive institutional environment, to reduce the cost and risk of innovation and entrepreneurship. At the same time, it also provides theoretical and practical references for potential entrepreneurs to improve their entrepreneurial intention and carry out sustainable entrepreneurial behavior.
ABSTRACT
Current studies on how a sustainability leadership theory can influence the practice of SMEs, such as a context of community-based social enterprises, is still lacking, with scanty research to date. These small enterprises in the bottom of the pyramid settings are indeed the important socio-economic backbone of many nations around the world. The COVID-19 pandemic crisis has significantly hit all sectors and has adversely impacted them. Our study aims to broaden the limited scholarly knowledge and advance the developing SL theory in this realm. Hence, our critical research inquiries address: (1) What are the essential sustainable leadership practices and sustainability competencies for sustainability and resilience in a CBSE context? (2) How can a CBSE business apply the theoretical frameworks in practice to survive and thrive for sustainable futures, especially during the COVID-19 era? This study employs an integrative theoretical examination of sustainable leadership frameworks and sustainability leadership competencies to investigate the sustainable business practices in the SME sector, particularly in a community-based social enterprise context. Our business case centers on a green, social enterprise, which is an award-winner of Best Responsible Tourism and is located in a small coastal fishing village of Thailand. Using a case study research method, the multi-data collection methods include in-depth interviews and focus groups with multiple stakeholders. Evidence was found to comply with six-category sustainable leadership practices and five essential sustainability leadership competencies to varying degrees. The findings suggest that sustainable leaders and entrepreneurs should develop and integrate the value-based practices and competencies (i.e., strategic, systems thinking, interpersonal, anticipatory, ethical competencies) in business. The critical sustainable practices include enabling human capital with care for stakeholders, fostering ethical values and norms via altruism, cultivating social capital through social innovation, and supporting pro-environmental behavior and social responsibility to achieve inclusive growth, sustainability and resilience. The research results advance the theoretical development of the interconnected fields of sustainability leadership and sustainable entrepreneurship. An alternative sustainable business model for sustainability and resilience is also proposed. Overall, the insightful findings can provide practical advice and beneficial policy implications for sustainable futures. © 2022 by the authors. Licensee MDPI, Basel, Switzerland.
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Purpose: The crucial action program of United Nations is sustainable development. In the context of lockdown and food supply chain disruptions in many developing countries due to COVID-19, sustainable agribusiness entrepreneurship (SAE) must be investigated to contribute to the global safe-food supply chain resilience. Furthermore, this pandemic might have changed cognitive social capital (i.e. perceived shared norms, civicness and community cohesiveness) and relational social capital (i.e. social trust). Therefore, this study aims to examine their role in forming agribusiness entrepreneurs’ SAE intentions under the lens of sustainable development in the pandemic context. Design/methodology/approach: This study uses a mixed-methods approach with resources for structural equation modeling. A sample of 499 Vietnamese agribusiness entrepreneurs to reconcile scales and test hypothesized relationships. Findings: The study reconciles the existing constructs’ scales and develops a new scale measuring SAE intention. The findings show that the extended theory of planned behavior (ETPB) model is an ideal theoretical framework for predicting behavioral intentions in sustainability. The study also discovers the role of cognitive social capital and relational social capital in motivating SAE intentions. Also, some managerial implications are suggested for agribusinessmen to survive and succeed during the COVID-19 crisis. Originality/value: To the best of the authors’ knowledge, this study is considered the first to investigate the role of cognitive social capital and relational social capital in motivating SAE in an emerging market using the ETPB. The findings will help emerging economies, where most farmers are family-business owners or micro-scaled entrepreneurs who have been facing the increasing trend of sustainable production and consumer. © 2022, Emerald Publishing Limited.
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The Outbreak of Covid-19 pandemic has proved to be destructive at economic, social, and ecological ends across the globe. It has disrupted human life in an extremely adverse way. The pandemic aftermath is yet to be completely realised, yet the scale of economic, social, and ecological damage is unfathomable. The situation has elevated the responsibility on entrepreneurial ground to bring in solutions at the affected fronts and work towards sustainability. It is high time to realize the significance of sustainable entrepreneurship at the time when pandemic consequences are severe and still unfolding which will show in the times to come. Though the disruption caused by the pandemic is huge on everyone and everything, the study reveals that sustainable entrepreneurship has comparatively less effect of adversities of COVID-19 than the normal business. This study presents the need and significance of sustainable entrepreneurship to address the damages caused by COVID-19 pandemic. © 2021 IEEE.
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Several previous research had conducted to identify factors that have a significant impact on SMEs' sustainable behavior. But unfortunately, there has not been a single study that explores the influence of these factors in an ongoing pandemic condition. Our study tried to describe the level of effectiveness of the contribution and ability of competitive advantage factors and corporate culture in improving the SMEs sustainable behavior. The results of this study can be used for better SME development strategies, especially in conditions where pandemics such as COVID-19 are still ongoing. This research was conducted using a sample of 194 SMEs in the province of South Kalimantan-Indonesia. Sampling took by a purposive sampling technique and an online questionnaire as a research instrument. Data analysis techniques are using SEM by testing the construct validity and reliability, influence testing, path analysis, and contribution effectiveness analysis. This study found that competitive advantage had no significant effect on sustainable behavior, while corporate culture has a substantial impact on SMEs' sustainable behavior. The total direct impact and effectiveness of the contribution given by the corporate culture factor are more significant (79%) compared to the competitive advantage factor (21%).