Empowering Sustainable Development Through Entrepreneur Innovations
Volume 10, Issue 1 Aliyu Mohammed, Dr. S. Senthil Kumar
Published online:27 October 2024
Abstract
Innovation and entrepreneurship are essential for promoting sustainable development and filling a large research vacuum. With the goal of creating a comprehensive understanding based on the Triple Bottom Line (TBL) hypothesis, this study provides a thorough analysis of how they interact. By utilizing qualitative techniques, we examine previous research and relevant studies to develop a solid conceptual framework. It reveals a significant void in our knowledge of the ways that innovations in entrepreneurship support sustainable development. A comprehensive framework that incorporates economic, social, and environmental components is noticeably lacking, despite the fact that practical aspects have been investigated. According to our research, entrepreneurial innovations can promote sustainable development within the TBL framework by bringing about favourable social and environmental consequences in addition to economic growth. We do, however, recognize the difficulties in striking this balance, stressing the necessity for entrepreneurs to adopt the TBL strategy, promote innovation with a sustainability focus, and encourage teamwork. It is recommended that policymakers provide incentives for sustainable innovation, provide explicit guidelines, and foster ecosystems of entrepreneurship. To further our knowledge of this link, future research should do quantitative investigations, examine examples relevant to context, and use longitudinal techniques.
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To Cite this article
Mohammed, A. & Kumar, S. (2024). Empowering Sustainable Development Through Entrepreneur Innovations. International Journal of Humanities, Arts and Social Sciences, 10(1), 41-50. doi: https://dx.doi.org/10.20469/ijhss.10.20005-1
