Depleted communities are a persistent feature of late capitalism. They can be seen as areas that have lost much of their economic rationale as space, while retaining high attachments and social relations of place. While conditions in depleted communities can limit possibilities for traditional development, entrepreneurial responses are not similarly constrained. It is argued here that depleted communities can act as hosts to a unique form of enterprise that combines good business practices with community goals. We refer to this as community business entrepreneurship and argue that it is similar to, but distinct from, the traditional entrepreneurial process. To illustrate these ideas three cases are examined. Within the setting of the depleted community, the entrepreneurial process can be modified to pursue community goals, thereby creating new opportunities and making new forms of development possible.
Purpose -This paper seeks to link the extraordinary success of an aboriginal community called Membertou First Nation to the literature of entrepreneurship and small-and medium-sized enterprises. Design/methodology/approach -The paper recounts the remarkable case of the people of Membertou First Nation who have been very successful in the area of economic development. It then considers their objective to further promote entrepreneurship within in the community. Findings -The literature informs us that fast growing firms contribute disproportionately to job creation, wealth creation, and longer term support systems of local economies. The paper suggests that some of the unique circumstances that would appear to favor efforts to raise rates of new firm formation may ultimately constrain growth.Research limitations/implications -The findings are limited by the unique circumstances operating within Canada and may not apply to other situations. Moreover, as Membertou First Nation is an urban-based reserve it faces a different set of opportunities and constraints than rural-based communities within Canada. Originality/value -At one level, the story of Membertou First Nation is inspirational. But, this paper identifies some of the unique challenges and barriers faced by First Nations people pursuing opportunities as entrepreneurs. Challenges include issues of political stability; the need to respect the value placed upon community, conservation and sustainability by the culture the limited access to traditional sources of capital and other possible barriers. It attempts to foresee some potential barriers and underscore the real complexity of issues that arise when development and entrepreneurship are linked.
This paper summarizes the Flaring Management Guidance document (2021) developed in partnership by Ipieca, IOGP, and GGFR, which outlines potential options in flaring management and reduction, and offers suggestions for operational improvements and how governments and regulatory bodies can encourage and incentivize productive use of associated gas[1]. The guidance builds on the importance of knowledge sharing and collaboration as a key step in overcoming the barriers to both the reduction of flaring and the use or conservation of associated gas. Its novelty originates from a shared understanding developed over many years by the oil and gas industry, regulators, and other stakeholders that support sustainable growth and align their commitments to achieve the UN Sustainable Development Goals[2].
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