Framework for Sustainability Entrepreneurship for Small and Medium Enterprises (SMEs) in an Emerging Economy

Abstract

In this modern electronic era, sustainability entrepreneurship is a new research design venture of small and medium enterprises (SMEs), viewed from two broad agendas viz., environment quality improvement and social well-bring. The impacts of five most effective factors for an effective entrepreneurship are identified. A framework for sustainable entrepreneurship is developed for continued growth of SMEs or small businesses. The nature, scope and limitations of this new design venture, in modern era are explored. How this new design venture affects a novice entrepreneur is detailed with a brief framework of ‘work processes. Uncertainties associated with are grouped with a view to minimize them. This work also argues that this emphasis is elaborating the opportunities for a new entrepreneur in the form of innovative products or services. In simple terms, the sustainability entrepreneurship (SE) is typically focuses on identifying opportunities for creating value for customers, ultimately yielding a profit for the founders and investors. Most of the entrepreneurship courses and texts share this primary focus. SE takes a slightly different perspective, by emphasizing some additional goals such as promoting sustainable living, in terms of social equity and environmental improvement. From an entrepreneurial perspective, such an emphasis presents opportunities in the form of innovative products, services, and production processes that alleviate social or environmental conditions. This make more efficient use of energy and natural resources, and harness renewable resources that save costs, lower risks, and are less harmful to society in the long run. At present, there is no suitable text on the subject. This paper proposes a framework, learning objectives, course outline, and content for “Sustainability Entrepreneurship” course for graduate and undergraduate students.

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