Building a Sustainable Tomorrow: Exploring the Rise of Entrepreneurship That Benefits Profit, Planet, and People

Building a Sustainable Tomorrow: Exploring the Rise of Entrepreneurship That Benefits Profit, Planet, and People

Reepu, Sanjay Taneja
Copyright: © 2024 |Pages: 8
DOI: 10.4018/979-8-3693-3264-1.ch014
OnDemand:
(Individual Chapters)
Available
$37.50
Current Special Offers
No Current Special Offers
TOTAL SAVINGS: $37.50

Abstract

This chapter explores sustainable entrepreneurship, which integrates environmental, social, and economic objectives into business ventures. It discusses the challenges faced by sustainable ventures while highlighting their benefits in addressing global issues such as climate change and inequality. The chapter emphasizes the need for strategic planning and innovation to overcome obstacles and capitalize on opportunities within sustainable entrepreneurship. It also recognizes the changing preferences of consumers and larger corporations towards sustainability. The future prospects of sustained entrepreneurship are projected to continue growing in response to consumer demand for environmentally conscious products and services.
Chapter Preview
Top

Benefits Of Sustainable Entrepreneurship

key benefits of sustainable entrepreneurship is its potential to address major global issues such as climate change and inequality. By prioritizing sustainability alongside profitability, entrepreneurs can make a positive impact on society while still running successful businesses (Belz & Binder, 2017). Here are some other benefits are as follows:

Addressing Climate Change:Sustainable entrepreneurship plays a crucial role in mitigating climate change. Businesses that prioritize sustainability often adopt environmentally friendly practices, such as using renewable energy sources, reducing carbon emissions, and minimizing resource consumption. By doing so, they contribute to the global effort to address climate change and promote a more sustainable and resilient future.

Reducing Environmental Impact:Sustainable entrepreneurs focus on minimizing their ecological footprint. This involves responsible resource management, waste reduction, and the adoption of circular economy principles. Through these practices, businesses can help protect biodiversity, preserve natural resources, and contribute to the overall health of the planet.

Complete Chapter List

Search this Book:
Reset