The entrepreneurship has a significant impact on the sustainable development in various aspects including economic, social, and environment sides.
Entrepreneurship is recognized as one of the key factors for success in sustainable development and has become a prominent topic in the field of sustainable development. Entrepreneurship, as a process for creating value, generating job opportunities, and improving the quality of life for people, can be used as a tool for sustainable development and economic and social improvement in countries.
Sustainable development refers to a development that encompasses the ability to maintain human and natural systems and seeks to improve the quality of life for humans in the long term. In this regard, entrepreneurship can be used as an effective tool for achieving sustainable development goals in areas such as employment, production, distribution, consumption, technology, and environmental protection.
For example, entrepreneurship in the field of technology can be used as a powerful tool for solving environmental problems. Establishing and launching companies that focus on the development of green technologies and sustainable energy resources can improve the quality of life for humans and preserve the environment. Additionally, entrepreneurship in the areas of food security, poverty reduction, and rural development can be used as a solution for sustainable development.
In general, entrepreneurship as one of the key factors in sustainable development and improving the quality of life in various communities has become a prominent topic in the field of sustainable development.
An interesting question and posts. Thank you for sharing.
Entrepreneurship is definitely a critical element of sustainable development (SD). However the perspective taken to entrepreneurship and its implementation are even more critical to support SD and the SDGs. There is a need to take a far less 'euro-centric' view of entrepreneurship, that also considers, among the many other factors, that the world is not homogeneous, but highly heterogeneous and that culture has a large say in such. To attempt to implement, for example, euro-centric style entrepreneurship, in the most various and diverse societies of the world will do little or anything to support SD and the SDGs. There is seemingly a need, for example, to focus on culturally diverse forms of entrepreneurship that can be better implemented within local circumstances and thus, possibly support, SD and the SDGs, far better. As has been provided, with some good evidence and facts, for example, that so called 'liberal' entrepreneurship has done little or anything for SD.
Fatma Elfergani I work closely with www.entreprenerdy.com platform from Norway, which has assisted 30,000+ entrepreneurs startup using Agile and Lean startup method.
What became apparent over time, is that Sustainability has 166 themes which the UN boiled down to 17 SDG's. In future versions of the platform, Startups will be able to map their Product and Services solutions to the relevant SDG. This is not from a mere compliance perspective but is fundamental to developing the VISION of their startups.
As we know already the Journey of a new Product or Service can be articulated as:
VISION > drives STRATEGY > drives PRODUCT OR SERVICE
Hence in an ideal world, sustainability can never be an afterthought with entrepreneurship activity?.
In terms of SD and entrepreneurial contributions to it, i have found that what is termed frugal innovation can contribute, to a degree, to the SDGs , and previously to the MDGs. Not all frugal innovations are sustainable per se, but comparatively to other forms of innovation, have a good degree of sustainability in them. I noted with some interest that observations and related documentations, for example, in bottom of the pyramid-subsistence markets, can provide for some very interesting frugal innovations that are effectively entrepreneurial in nature and can be turned into actual enterprises. There is a good deal of literature that documents such matters, but there is seemingly little possibly of replicating such entrepreneurial innovations that can contribute even further to SD. For example, i recall well, observing a 'home-made' drip irrigation system that was based on an old watering canister and and old rubber pipe. The farmer had made very very small holes in the rubber pipe, and had attached it to the water canister, which was hanged from a tree and via restricting the pipe at the attachment of the canister and the canister being positioned at a 45 degree angel, provided water to plants. This water was distributed to plants in drops, via the natural force of gravity and pipe restriction that pushed the water all along the pipe and the water percolated slowly out of the very small holes over a period to time. Note the system did not use any energy at all, except that provided by the farmer to set up the drip irrigation and to filling up the canister of water once in a while. This observation and documentation was made in Zambia, in the peri-urban area of Lusaka in 2017.