Is a business model which is profit oriented and does not re-introduce raw materials back into the business products and services production process, resulting in environmental and social damages.
Published in Chapter:
Sustainable Entrepreneurship and Management Skills at a Crossroad in the Circular Economy
Booysen Sabeho Tubulingane (University of Giessen, Germany & UNICAF, Cyprus & Namibia University of Science and Technology, Namibia)
Copyright: © 2020
|Pages: 19
DOI: 10.4018/978-1-7998-5116-5.ch026
Abstract
Entrepreneurship is the process of starting a business, a start-up company, or an organization. Before a person is capable of starting a business, there are entrepreneurship and business management skills that need to be acquired. Business management skills involve planning, decision making, leadership, marketing, selling, financial management, project management, delegation, time management, problem-solving, and networking. Entrepreneurship skills enable an entrepreneur to be self-efficacy, innovative, taking control of business activities, articulating a need for achievement, and able to take risks. Thus, this chapter provides a desktop literature analysis of the relationship between entrepreneurship and management skills within a circular economy. The chapter further examines problems and solutions to sustainable entrepreneurship. There is a need for a study to investigate how innovative sustainable business models can be both fully profitable and sustainably oriented.