The article is an exciting approach to capitalist development in that it finds conditions under which sustainable entrepreneurship and sustainability innovation emerge spontaneously and can practically work. As the study points out, one of the classical things that capitalism does is to "creatively destroy." It is this ability to destroy what is old and does not work and build and impose what is new and does is the primary benefit of capitalism. What sustainable entrepreneurship has done is to apply this as a positive force in realizing the field's lofty goals where public government initiatives have failed to achieve them. The article conducts an extensive literature review to accomplish just this task (ibid. pp. 223-225).
However, until now, there has not been one universally recognized definition of what sustainable development is. Such research and definitions have implications for theory and practitioners in that it clarifies which firms are most likely under specific conditions to make moves towards sustainability innovation. The article does this by defining sustainable entrepreneurship as the realization of sustainability innovations that are aimed at the mass market and that provide benefit to the larger part of society. This is of course driven by stakeholder (namely consumer) demands for environmentally and socially responsible products and services. What sustainable entrepreneurship essentially does is to bridge the gap between individual consumer stakeholder demands and the individual manager's entrepreneurship in the marketplace to make sure that these concerns are carried out. Further, what we find is that sustainable entrepreneurship surpisingly extends the goal of corporate influence beyond simple market success to actually initiating societal change and in changing market conditions and regulations to bring about social change. Therefore, the market itself is being employed to make up responsible social change (ibid. pp. 225-226).
The article presents a theoretical framework...
Schaltegger, S. & Wagner, M. (2010). Sustainable entrepreneurship and sustainability innovation: categories and interactions. Business Strategy and the Environment 20: 222-237. Schaltegger & Wagner (2010) create a usable framework for sustainable entrepreneurship, sustainable innovation, and sustainable business development in "Sustainable entrepreneurship and sustainability innovation: categories and interactions." The article first addresses the purpose for the research. Companies have been traditionally culprits in creating both environmental and social justice problems, necessitating regulations
Burns (2007) indicates that the text is about that which motivates the actions and decisions of the entrepreneur, including the influence of personal social networks, family and personal background. Moreover, the text reports itself to be about the tasks of management which are associated with the entrepreneurial approach as well as how decisions are make, how risk is balanced and most essentially how there is a clear distinction between
International Entrepreneurship). Given the relatively salutary financial environment, success is not impossible for an entrepreneurial young woman who wishes to forge her own path in a conservative culture. For example, Giselle Rufer, President of Delance Swiss Watches, was awarded with the "Golden Idea Oscar" by IDEE-SUISSE in January 2000. This was a milestone, given the tradition-bound nature of Swiss watch manufacturing. But overcoming prejudice and institutional barriers for women has
In general, it has seen significant changes to the infrastructure of entrepreneurship because there is now no longer a need for strong physical organizational structures or spaces. Albert Lin, of the American Technology Research Institute explains that in 2007, over 300,000 entrepreneurs will use Skype as the primary means of business communication. The freedom of mobility therefore, is one of the biggest advantages for entrepreneurial competency within the past
Because of its position at sea, Jeddah has become the largest sea port on the Red Sea. it's history goes back centuries ago and has transformed the city into a large touristic attraction. It is because people have known how to use these resources that Jeddah is fastly becoming one of the most proficient evidence that sustainable development is proactive. Because people's involvement is what sustains this form of
The people of Singapore see charity as totally altruistic and does not include notions of sustainability and corporatization to maximize full potentials. Therefore, more work is needed in educating the public and government in understanding the proper administration of a social enterprise (ibid.). We need to consider theories on social entrepreneurship before we link our blueprint to them. One theory known as the triple bottom line (3Ps-People, Planet and Profit)
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