Analysis of the Effects of Environmental Entrepreneurship on Sustainable Development among Small and Medium Enterprises in Lusaka’s Central Business District (CBD)
1Sepo Kazhila, 2Eng. Dr. Richard Kasongo Mwale
1,2The University of Zambia, Graduate School of Business, 10101
https://doi.org/10.47191/jefms/v7-i4-19ABSTRACT:
Currently, there is a pressing need for entrepreneurs to adopt environmentally friendly strategies, technologies, and products that will result into sustainable solutions to problems of the day. This study was adopted to analyze the effects of environmental entrepreneurship on sustainable development among small and medium enterprises in Lusaka’s CBD. A sample of 278 respondents was selected using the Cochran formula which resulted into a response rate of 91% with 252 respondents. A mixed methodology approach was used and data was analyzed through the use of SPSS from which correlation and a summary of coefficient were used to measure the relationship among variables. The overall coefficient of correlation of 0.947 from the SPSS results suggests that there is a strong positive relationship between the variables under observation in relation to sustainable development among SMEs with regards to environmental entrepreneurship strategies which are: environmental efficacy, and environmental innovation. The R-Square (coefficient of determination) of 0.897 suggests that sustainable development is influenced 89.7% by the independent variables observed.
KEYWORDS:
Effects Environmental Entrepreneurship, Sustainable Development, SMEs, Lusaka.
REFERENCES:
1) Abdissa, G., Ayalew, A., Dunay, A., & Csaba, B. (2022). Determinants of Sustainable Growth of SMEs in Developing Countries: The Case of Ethiopia.
2) Anna Misztal (2023), Factors of green entrepreneurship in selected emerging markets in the European Union
3) Allen, K. R. (2012) Launching New Ventures and Entrepreneurial Approach, 2nd ed., Houghton Mifflin Company, New York.
4) Annals-xxi, E., Aroshidze, A., Economy, W., & Federation, R. (2021). The sustainable enterprise development tetrad and assessment of its balance. 6239, 125–136.
5) Bajdor, P., & Pawełoszek, I. (2021). Analysis and Assessment of Sustainable Entrepreneurship Practices in Polish Small and Medium Enterprises.
6) Best, J.W. and Kahn, J.V. (2006) Research in Education. 10th Edition, Pearson Education Inc., Cape Town.
7) Choongo, Van Burg, Paas and Masurel, (2016), Factors Influencing the Identification of Sustainable Opportunities by SMEs: Empirical Evidence from Zambia
8) Choong. C (2008), unlocking the potential of micro, Zambia small and medium Enterprises ‘learning from the international best practices –the Southeast Asian experiences IDE-JETRO. no 134
9) Creswell, J. W. (2007). Qualitative inquiry and research design: Choosing among five approaches (2nd ed.).
10) Creswell, J. W., & Clark, V. L. P. (2007). Designing and conducting mixed methods research.
11) Dzomonda, O. (2022). Environmental Sustainability Commitment and Access to Finance by Small and Medium Enterprises: The Role of Financial Performance and Corporate Governance. 1–20.
12) Fleming, J. (2011). Methodologies , methods and ethical considerations for conducting research in work-integrated learning
13) Global Waste Management Market Assessment (2007), Key Note Publications Ltd, March 1, 2007, 166 Pages - Pub ID: KEYL1470786
14) Hosseininia and Ramezani, (2016), Factors Influencing Sustainable Entrepreneurship in Small and Medium-Sized Enterprises in Iran: A Case Study of Food Industry
15) Matinaro, V., Liu, Y., Lee, T. J., & Poesche, J. (2019). Extracting key factors for sustainable development of enterprises: Case study of SMEs in Taiwan. 1152–1169.
16) Nations, U. (2020). A /75/257. 10151(July).
17) Nagwan AlQershi (2023), The relationship between green entrepreneurship, human capital and business sustainability in Malaysian large manufacturing firms: An empirical study
18) Ogujiuba, K. K., Olamide, E., Agholor, A. I., Boshoff, E., & Semosa, P. (2022). administrative sciences Impact of Government Support , Business Style , and Entrepreneurial Sustainability on Business Location of SMEs in South Africa ’ s Mpumalanga Province. 2021.
19) Pacheco et al., (2010) Escaping the green prison: entrepreneurship and the creation of opportunities for sustainable development
20) Pascucci, T., Cardella, G. M., & Hern, B. (2022). Environmental Sensitivity to Form a Sustainable Entrepreneurial Intention. 1–17.
21) Patriarca, M., & Magnusson, B. (2007). Understanding the meaning of accuracy , trueness and precision. May 2014. https://doi.org/10.1007/s00769-006-0191-z
22) Sendawula, K. (2018). Adoption Of Sustainable Entrepreneurship In Small And Medium Adoption Of Sustainable Entrepreneurship In Small And Medium Enterprises ( Smes ) In Developing Countries : Literature REVIEW. April. https://doi.org/10.15520/jassh42287
23) Shepherd, D., & Patzelt, H. (2011). The New Field of Sustainable Entrepreneurship: Studying Entrepreneurial Action Linking “What Is to Be Sustained” with “What Is to Be Developed.” Entrepreneurship Theory and Practice, 35, 137-163. https://doi.org/10.1111/j.1540-6520.2010.00426.x
24) Kuckertz, A., & Wagner, M. (2010). The Influence of Sustainability Orientation on Entrepreneurial Intentions—Investigating the Role of Business Experience. Journal of Business Venturing, 25, 524-539. https://doi.org/10.1016/j.jbusvent.2009.09.001
25) Sobir, R. (n.d.). Micro- , Small and Medium-sized Enterprises ( MSMEs ) and their role in achieving the Sustainable Development Goals.
26) Soto-acosta, P., & Cismaru, D. (2016). Sustainable Entrepreneurship in SMEs: A Business Performance Perspective. 1–12. https://doi.org/10.3390/su8040342
27) The sustainability of development in Latin America and the Caribbean: challenges and opportunities. (n.d.)
