Conceptualizing strong sustainable entrepreneurship
2016 (English)In: Small Enterprise Research: The Journal of SEAANZ, ISSN 1321-5906Article in journal (Refereed) Epub ahead of print
This conceptual article focuses on the environmental dimensions of sustainable developmentwhich are essential for satisfying current and future human needs. It assesses ecologicaleconomics (EE) as an alternative base for a “strong” version of sustainable entrepreneurship(SE). EE recognizes the biophysical base of economic activity, critical natural capital (nonsubstitutability)and limits to market valuation and exchange. Contemporary entrepreneurialdefinitions, however, as well as recent SE framings, pre-suppose that functioning marketswill achieve sustainable development. As discussed in this paper, natural processes are nonlinearand critical, and as thresholds are impossible to anticipate, markets are unreliable andprincipally at odds with the objectives of sustainable development. Our proposed alternativeconstitutes a way forward.
Place, publisher, year, edition, pages
conceptual framework, sustainable entrepreneurship, ecological economics, definition, sustainable development, critical natural capital
Research subject sustainable development; Business Studies
IdentifiersURN: urn:nbn:se:umu:diva-121627DOI: 10.1080/13215906.2016.1188718OAI: oai:DiVA.org:umu-121627DiVA: diva2:933128
FunderThe Jan Wallander and Tom Hedelius Foundation, W2014-0465:1