Leading entrepreneurial sustainability initiatives in emerging economies

Bindu Arya, Sven Horak, Sabine Bacouel-Jentjens and Kiran Ismail

International Journal of Emerging Markets, 2021, vol. 18, issue 1, 64-85

Abstract: Purpose - This conceptual paper develops a theoretical framework to provide insights with respect to enhancing focus on entrepreneurial sustainability initiatives in the context of emerging economies. The unique idiosyncrasies of the institutional environment of emerging economies are identified along the concept of scripts. Design/methodology/approach - Sense-making and social identity theory are utilized to draw propositions along with the dimensions of the three stages of the sense-making process: enactment, selection and retention, in order to identify factors that are likely to motivate the next generation of business leaders in emerging economies to undertake greater levels of sustainability initiatives. Findings - When organizations face competing demands of meeting both social and financial goals, sense-making by next-generation leaders becomes relevant. Leaders with greater entrepreneurial orientation (EO) are more likely to take actions decoupled from local isomorphic pressures, such that they turn opportunities for sustainability into novel sustainable initiatives. Originality/value - This paper proposes a framework to provide insights and directions for future research with respect to enhancing an organizational focus on sustainability initiatives in the context of emerging economies.

Keywords: Emerging economies; Leadership; Sustainability; Social identity theory; Sense-making theory; Entrepreneurial orientation (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijoemp:ijoem-08-2020-0951

DOI: 10.1108/IJOEM-08-2020-0951

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