CONCEPTUAL FRAMEWORK FOR SUSTAINABLE ENTREPRENEURSHIP (original) (raw)
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Bell and Stellingwerf compiled what they considered to be a representative list of definitions of "sustainable entrepreneurship" that were suggested from 2003 through 2011, all of which are presented below in chronological order 5 : "Innovative behavior of single or organizations operating in the private business sector who are seeing environmental or social issues as a core objective and competitive advantage". 6 "The continuing commitment by business to behave ethically and contribute to economic development, while improving the quality of life of the workforce, their families, local communities, the society and the world at large, as well as future generations. Sustainable Entrepreneurs are for-profit entrepreneurs that commit business operations towards the objective goal of achieving sustainability". 7 "The process of discovering, evaluating, and exploiting economic opportunities that are present in market failures which detract from sustainability, including those that are environmentally relevant". 8 "The examination of how opportunities to bring into existence future goods and services are discovered, created, and exploited, by whom, and with what economic, psychological, social, and environmental consequences". 9 "Create profitable enterprises and achieve certain environmental and/or social objectives, pursue and achieve what is often referred to as the double bottom-line or triple bottom line" 10 "The discovery and exploitation of economic opportunities through the generation of market disequilibria that initiate the transformation of a sector towards an environmentally and socially more sustainable state". 11 "An innovative, market-oriented and personality driven form of creating economic and societal value by means of breakthrough environmentally or socially beneficial market or institutional innovations". 12