chapter 4: sustainable entrepreneurship and its forms + tripple bottom line + shared value

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Last updated 12:24 PM on 4/29/26
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13 Terms

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sustainable entrepreneurship

the process of discovering, evaluating, and exploiting economic opportunities to create, improve, or sustain environmental, social, and economic value

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what are the three forms?

  • environmental entrepreneurship (ecopreneurship)

  • social entrepreneurship

  • social-environmental entrepreneurship

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environmental entrepreneurship (ecopreneurship) 

focusing on exploiting opportunities within environmental market failures, such as renewable energy, waste reduction, and eco-friendly packaging

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social entrepreneurship

primarily aiming to solve societal challenges- such as poverty, inequality, or lack of education - through sustainable business models

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social-environmental entrepreneurship 

combing both to achieve environmental benefits that also improve social well-being

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shared value

an approach to creating economic value that also creates value for society by addressing its needs and challenges

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what two things does shared value do?

  • transforms business thinking by addressing issues through innovation and methods 

  • it connects company success with social progress

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triple bottom line

an accounting framework that goes beyond the traditional measures of profit, return on investment, and shareholder value to include environmental and social dimensions

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what two things does the triple bottom lime do/measure?

  • interrelated dimensions of profits, people, and planet 

  • an important tool to support sustainability 

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what are the three dimensions of performance for the triple bottom line?

  • economic

  • environmental

  • social

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economic measurement

deals with the bottom line and income flows 

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environmental measurement

  • natural resources and reflect potential influences to its viability 

  • long-range trends for environmental variables help organizations identify the impacts a project or policy would have on an area

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social measurement

social dimensions of a community or region such as education, social resources