Sustainable Entrepreneurship: A Literature Review

Abstract

These days, issues such as environmental degradation, the wealth gap, and unequal access to opportunities and resources are increasing. These concerns have increased the need for sustainable entrepreneurship, defined as sustainable business practices. Entrepreneurship is central in transitioning towards a more sustainable future, whereas aligning the social, economic, and ecological objectives and ecological entrepreneurs plays a role. This scoping literature review analyzes the field of sustainable entrepreneurship and the extent of the holistic integration in the global business arena, therefore filling a gap in the existing literature. It aims to analyze the depth of existing pieces of literature on sustainable entrepreneurship, its definitions, and its applications in business practices. The analysis relies upon a literature search on the SCOPUS database around the keywords ‘Sustainability’ and ‘Sustainable Entrepreneurship’. The scientific software VOSviewer is used to better illustrate the linkage of major categories and correspondent trends, related with both business growth and maintenance of ecological systems. It concludes that the desired levels of sustainability require collaborations between all stakeholders, while the transition towards service-oriented business models has contributed to the growth of sustainable entrepreneurship. Nevertheless, existing institutional structures favor current unsustainable businesses and systems over the newer sustainable ones, demanding ecopreneurs to initiate institutional changes.

Digitalization Technology for Sustainable Rural Entrepreneurship and Inequality

“…Another essential requirement is the quality and capacity of a new and more focused institutional structure that works hard and smart in rural areas. This result supports previous studies that promoting a sustainable entrepreneurial business needs integration and collaboration of various related elements and higher quality institutional structure and performance to strengthen the new entrepreneurship model (Rosário et al, 2022;Prasetyo et al, 2021Prasetyo et al, , 2022Prasetyo & Dzaki, 2020;Negri et al, 2021). However, the existing institutional structure prefers the old unsustainable business and system rather than using newer technologies.…”

“…Digital technology has changed the uncertainty inherent in the entrepreneurial production process and created many uncertainties and the dealing method (Nambisan, 2017(Nambisan, , 2022. The transition process also shows enormous capacity in developing applications and sustainable solutions to overcome poverty and unemployment (Rosário et al, 2022). This technology drives sustainable circular economic-social transformation and a multidimensional policy perspective to address the current digital inequality (Rosário et al, 2022).…”

“…The transition process also shows enormous capacity in developing applications and sustainable solutions to overcome poverty and unemployment (Rosário et al, 2022). This technology drives sustainable circular economic-social transformation and a multidimensional policy perspective to address the current digital inequality (Rosário et al, 2022). However, few studies have explored the negative impact of adopting economic digitalization technology, especially in rural areas.…”

Fuzzy Logic: An Application into Marketing Strategy

“…The LRSB involves the screening and selection of information sources to ensure the validity and accuracy of the data presented, in a process consisting of 3 phases and 6 steps [11,12,13,14,15] (Table 1).…”

An Empirical Investigation of the Link between Entrepreneurship Performance and Economic Development: The Case of EU Countries

“…One of the main problems of economies is to determine the factors that can enhance their development and national competitiveness and sustain economic growth. Entrepreneurship was considered an important determining factor because it: (i) contributes to the economic development of countries and the well-being of society [1][2][3][4][5][6][7], having a differentiated impact depending on the degree of development of the economy [8][9][10]; (ii) is the engine of economic growth, contributing to the creation of new jobs and the generation of new employment opportunities [11,12]; (iii) stimulates competition [13] and competitiveness [14][15][16]. Entrepreneurship is the heart of innovation, productivity growth, competitiveness, economic growth and job creation [17] and is one of the main public policy issues [18,19].…”