se- week 1 (Shepherd & Patzelt, 2010)

Topics

what is to be sustained in SE? (Shepherd & Patzelt, 2010)

  • Nature: refers to the phenomena of the physical world and includes the earth, biodiversity, and ecosystems. It can have value on its own, not just because it supports life.

    • Not sustained —>severe consequences for human life.

  • sources of life support: refers to viewing the environment as a source of resources and services that humans need to survive (sources in the environment that we need to survive)

    • such as clean water, fertile soil, and air quality.

    • not sustained —> humans could not survive 

  • Communities: refers to the social structures, cultures, and identities that define groups of people. 

    • not sustained —> community identity, social cohesion and cultural heritage lost

    • communities are unique, because each community has its own identity

    • community identity is its culture, groups and places -> one of these lost -> community might lost

what is to be developed? (Shepherd & Patzelt, 2010)

  1. Economic gain

    • for actor and/or the society

  2. Non-economic gains to individuals: improvements in aspects of life

    • include child survival, life expectancy, education, equity, and equal opportunity.

  3. Non-economic gains to society: benefits for the communities

    • include environmental sustainability, security and social cohesion

    • similar to gains for individuals: gains for society include gains for individuals living in that society —> benefitting individuals in a society, benefit that society as a whole

    • society vs individual: gains to individual is only available for few individuals, while gains to society are available to all members of society

overlapping concepts between social and sustainable entrepreneurship

sustainable include: circular entrepreneurship and environmental entrepreneurship

  • both aim to create value beyond making profit

  • both operate within the triple bottom line framework, considering people, planet, and profit.

  • Both seek long-term, systemic change

what is Not sustainable entrepreneurship?

  • sustaining without simultaneously developing

  • developing without simultaneously sustaining

  • The links between sustaining and developing does not involve creating, discovering or exploiting future products, services or processes. such as, government programs and non-profit activities

What is the overlap between the definitions of se of both (Shepherd & Patzelt, 2010) and (Cohen & Winn, 2007)?

  • both follow the triple bottom line approach

  •  focus on opportunities that arise from addressing societal and environmental challenges

Key Terms

sustainable entrepreneurship (Shepherd & Patzelt, 2010)

Sustainable entrepreneurship: is focused on the preservation of nature, life support, and community in the pursuit of perceived opportunities to bring into existence future products, processes, and services for gain, where gain is broadly construed to include economic and non-economic gains to individuals, the economy, and society. 

  • focusses on preserving nature, sources of life support and community

  • by seeking opportunities to create future products, services and processes for gain

  • economic + non-economic

  • to benefit economy, individuals and society

key takeaways:

  • using business to save nature and society (non-economic gains)

  • but also for economic gains

  • Sustainable entrepreneurship is about seeking opportunities to create future products and services that help preserve nature and society (providing non-economic benefits to individuals and society) while also generating economic gains for the economy.