Adoption of sustainable business practices by entrepreneurs: modelling the drivers

Shilpa Sindhu, Shweta Dahiya, Parveen Siwach and Anupama Panghal

World Review of Entrepreneurship, Management and Sustainable Development, 2021, vol. 17, issue 6, 704-722

Abstract: Sustainability in business involves all such processes which take into consideration immediate economic gains for the organisation as well as resource-saving for future generations. Entrepreneurs are considered as one of the pioneers in carrying out innovative initiatives in the field of sustainability. This study is an effort towards mapping the drivers for the adoption of sustainable practices by entrepreneurs. Significant variables which drive entrepreneurs to adopt sustainable business practices were identified through literature screening; structured questionnaire based primary data collection and expert opinion. Nine variables were identified through this three-step approach which were then modelled through interpretive structural modelling (ISM). The proposed ISM model indicates that 'public funding in promoting sustainable business' is the variable which can strategically influence the linkage variables and the dependent variable viz. 'attitude of entrepreneur'. The study, therefore, highlights that public funding, with support of moderating factors, can impact the attitude of entrepreneur towards the adoption of sustainable practices in business.

Keywords: sustainability; entrepreneurship; sustainable business practices; food entrepreneurship; ISM. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ids:wremsd:v:17:y:2021:i:6:p:704-722

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