What could Entrepreneurship do for Sustainable Development? A Corporate Social Responsibility-Based Approach

Abstract

Entrepreneurship is seen as an alternative to unemployment and poverty which could be the panacea for development ( Bogan & Darity, 2008 ). Today, there is a growing perception among entrepreneurs that success cannot be achieved solely through maximizing short-term profits and the growing importance of corporate social responsibility (CSR) on business success and positive impact on society is accepted ( İyigün, 2013 ). Entrepreneurship and small businesses are the basics of economy, responsible for breakthrough innovations that influence the growth of free market economy and its general performance. This study aims to serve as an impetus for multidisciplinary research and further discussion on the entrepreneurial implications of CSR for sustainable development. Observing the positive social impact of entrepreneurs catering to basic needs, this study recognizes the important role in efficiently contributing to the achievement of sustainable development. Moreover, possible reasons of why entrepreneurs should be involved in sustainable development to reveal the motivations for sustainable development and underlying dimensions in decision making will be discussed. The study will provide a unique contribution to the literature as an example from a CSR-based perspective for the related field.

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