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Entrepreneurship, Sustainable Economy and the Continuous Technological Revolution: Rethinking Entrepreneurial Skills

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (30 November 2024) | Viewed by 14832

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Guest Editor
Emeritus Professor, Austin E. Cofrin School of Business, University of Wisconsin, Green Bay, WI 54311, USA
Interests: entrepreneurship; strategic management; international business; knowledge and creativity management; human capital; sustainable economy; artificial intelligence
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

(1) The accelerating pace of technological revolution and the pressures from ecological and social threats are forcing the new data- and knowledge-intensive economy to evolve, adapt, and drive a set of alternative ‘solutions’ for short- and long-term time frames. The evolving amalgamation of artificial intelligence and robotics (among other technological revolutions), ‘incorporated’ into decision-making and learning as new business models, evolves to serve new organizational, and individual strategies, becoming the driving force of humanity’s next evolutionary phase. The need for a sustainable environment, sustainable and agile economy, as well as for a just society at every scale (e.g., regional, national, and global), has never been more uncompromisingly needed. The ability to innovate at an accelerated pace, therefore, is quickly becoming vital for securing and maintaining organizational survival and success. Moreover, artificial intelligence, digitalization, and data management are changing the landscape of knowledge, social, and human capital management, and are creating a requirement for new skills to succeed in this landscape. The successful application of new skills could increase the success rate of implementing new technological solutions while arriving at just and sustainable outcomes concurrently, minimizing the costs of possible mistakes and risks.

For the purpose of this Special Issue, we will define entrepreneurship as “The creation of a unique entity that is creating and exchanging an innovative solution for a perceived opportunity (a product or a service), in a marketplace, for a value at an acceptable risk, and without regard to resources that are directly controlled”.

(2) As such, this Special Issue should focus on the (new?) skills needed by the entrepreneur to succeed in this continuously changing economy driven by multiple technological revolutions, while simultaneously facing inequalities (e.g., economic, social, educational, etc.), climate change crises, and design and ethical dilemmas resulting from the evolving technologies (e.g., AI, neuroscience, etc.).  

To support such endeavors, this Special Issue’s intention is to encourage interdisciplinary fusion between diverse disciplines. Specifically, this call for papers will solicit articles from a multidisciplinary array of scholars, including (but not limited to) those involved in the following fields: economic development, entrepreneurship, psychology, behavioral, social, environmental ecosystems, technological innovations, labor markets, and other related (e.g., NGOs) ecosystems. Multi-level and multi-discipline chapters that synthesize diverse bodies of knowledge are strongly encouraged, as well as various empirical methods which enhance the creation of entrepreneurship holistic theory for sustainable and just futures.

(3) In this Special Issue, original research articles, case studies and reviews advancing theory, concepts, frameworks, and applications in the field of entrepreneurship for sustainable and just futures are welcome, and they may include (but are not limited to) the following aspects:

  • Creative and innovative skills needed for successful new ventures in the evolving economy.
  • Communication and networking skills needed for successful new ventures in the evolving economy.
  • Leadership and management skills needed for successful new ventures in the evolving economy.
  • Identification and opportunity recognition for successful new ventures in the evolving economy.
  • Technical skills needed for successful new ventures in the evolving economy.
  • Knowledge and data management skills needed for successful new ventures in the evolving economy.
  • Decision-making and learning skills needed for successful new ventures in the evolving economy.
  • Risk-taking and conflict-handling skills needed for successful new ventures in the evolving economy.
  • Development of business models of ‘for profit’ and ‘not for profit’ organizations for the evolving economy.
  • Ability to garner necessary financial, material, knowledge, and data resources for a successful new venture.

I look forward to receiving your contributions.

Prof. Dr. Meir Russ
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • entrepreneurial skills
  • performance
  • education and training in entrepreneurship
  • new venture creation
  • sustainable economy

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Published Papers (7 papers)

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Research

20 pages, 1745 KiB  
Article
Modeling the Nexus Between Technological Innovations and Institutional Quality for Entrepreneurial Development in Southeastern Europe
by Lobna Alsadeg Altaher Suliman and Muri Wole Adedokun
Sustainability 2025, 17(3), 1173; https://doi.org/10.3390/su17031173 - 31 Jan 2025
Viewed by 801
Abstract
Entrepreneurship has been critical in fostering economic growth. The technological innovations and quality of institutions are crucial in promoting entrepreneurship and promoting an environment conducive to entrepreneurial activities. This study investigated the effect of technological innovations and institutional quality on entrepreneurial development with [...] Read more.
Entrepreneurship has been critical in fostering economic growth. The technological innovations and quality of institutions are crucial in promoting entrepreneurship and promoting an environment conducive to entrepreneurial activities. This study investigated the effect of technological innovations and institutional quality on entrepreneurial development with annual data from 2014 to 2021 across Southeastern European countries. The cross-sectional auto-regressive regressive distributed lag model (C-S ARDL), quantile regression and Granger causality were employed to achieve the objectives of this study. A dynamic panel generalized method of moments (GMM) estimator was also applied to perform a robust analysis. The findings revealed a significant long-term relationship between technological innovations and entrepreneurial development, with a coefficient of 0.088. There also exists a significant and positive impact on institutional quality and entrepreneurial development in the long run, with a coefficient of 5.912. Furthermore, the outcome revealed that the exchange rate negatively influences entrepreneurial development in Southeast Europe. The Granger causality reports a bi-directional relationship between technological innovations and entrepreneurial development in Southeastern Europe. The study concluded that a significant relationship exists between technological innovations, institutional quality, and entrepreneurial development in Southeastern Europe. The study recommends that governments of Southeastern European countries strengthen their regulatory structures and institutions to improve the welfare of society through a reduction in political, social, and economic unpredictability while boosting trust and investment from entrepreneurs. Full article
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17 pages, 739 KiB  
Article
Innovation Impact in the Textile Industry: From the Toyota Production System to Artificial Intelligence
by Paula Tavares de Carvalho, José Dias Lopes and Ricardo Jorge Raimundo
Sustainability 2025, 17(3), 1170; https://doi.org/10.3390/su17031170 - 31 Jan 2025
Viewed by 2393
Abstract
The Toyota Production System (TPS) was a revolutionary approach to automobile production that influenced companies all over the world. The fight against redundancy is at the core of this approach. The textile industry remains one of the most polluting sectors worldwide, which makes [...] Read more.
The Toyota Production System (TPS) was a revolutionary approach to automobile production that influenced companies all over the world. The fight against redundancy is at the core of this approach. The textile industry remains one of the most polluting sectors worldwide, which makes environmental sustainability a key concern. In line with national priorities, companies are striving to balance profitability with sustainability, minimizing defects and reducing waste. This study explores the evolution of textile production systems from TPS principles to the integration of Artificial Intelligence (AI) and how they can be used from a sustainability perspective. Smartex, a textile start-up recognized as the winner of the Web Summit 2021 competition, was chosen as the focus of this case study. Employing qualitative research methods, including content analysis of interviews, management reports and website data, the study examines the parallels and distinctions between TPS and Smartex’s AI-driven system. The findings highlight how Smartex is revolutionizing the textile industry by leveraging AI to avoid defects and reduce waste, advancing both environmental and commercial objectives. Finally, the implications and limitations of the research are explained. Full article
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17 pages, 1214 KiB  
Article
Meta-Analysis of the Relationship Between Green Entrepreneurial Orientation and Sustainable Firm Performance
by Resul Öztürk, Mehtap Öztürk and Zeynep Kızılkan
Sustainability 2024, 16(24), 11224; https://doi.org/10.3390/su162411224 - 21 Dec 2024
Cited by 1 | Viewed by 2028
Abstract
The purpose of this study is to examine the relationship between green entrepreneurial orientation and sustainable firm performance. In order to examine this relationship, a meta-analysis method was used, and analyses were carried out with a Comprehensive Meta-Analysis Software (CMA) v4 package program. [...] Read more.
The purpose of this study is to examine the relationship between green entrepreneurial orientation and sustainable firm performance. In order to examine this relationship, a meta-analysis method was used, and analyses were carried out with a Comprehensive Meta-Analysis Software (CMA) v4 package program. In the study, a sample of 23 articles, 42 effect sizes, and 6666 enterprises was reached through a systematic literature review. The studies included in the research were accessed by searching the keywords “green entrepreneurial orientation” and “sustainable firm performance” from Web of Science, EBSCO Host, Scopus, and Google Scholar databases, and only articles without any year limit were included. Throughout the study, statistical analyses were performed on Fisher z values and conducted under the random effects model. The effect size, heterogeneity, and publication bias analyses of green entrepreneurial orientation and sustainable firm performance and its sub-dimensions were tested separately, and the findings were interpreted by converting them into correlation coefficients. As a result of the analyses, it was found that the relationship between green entrepreneurial orientation and sustainable firm performance is positive and highly significant (p < 0.05). In addition, the relationship between financial, environmental, social, sustainable, entrepreneurial, and green innovation performance, which is the sub-dimensions of sustainable firm performance, and green entrepreneurial orientation, was found to be high and significant (p < 0.05). However, it was concluded that there is no significant relationship between green innovation performance, which is another dimension of sustainable firm performance, and green entrepreneurial orientation. Moderator analyses revealed that sector and continent have a moderating effect on the relationship between green entrepreneurship orientation and sustainable firm performance. Full article
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15 pages, 939 KiB  
Article
Impact of Entrepreneurial Mindset and Alertness on Converting Education into Entrepreneurial Intentions: A Study of Pakistani University Students
by Muhammad Azeem Ashraf, Mohammad Zulkifli bin Abdul Rahim, Imran Munawar Qureshi and Muhammad Hanif
Sustainability 2024, 16(21), 9345; https://doi.org/10.3390/su16219345 - 28 Oct 2024
Viewed by 1943
Abstract
Entrepreneurial education is an established phenomenon that enhances entrepreneurship, which is critical for economic sustainability. The study investigated converting entrepreneurial education into entrepreneurial intentions in graduating university students. It was expected that entrepreneurial mindset and entrepreneurial alertness play a significant role in this [...] Read more.
Entrepreneurial education is an established phenomenon that enhances entrepreneurship, which is critical for economic sustainability. The study investigated converting entrepreneurial education into entrepreneurial intentions in graduating university students. It was expected that entrepreneurial mindset and entrepreneurial alertness play a significant role in this process. A questionnaire was developed, and data was collected from students either graduating or in their last year of undergraduate studies. Regression analysis using AMOS was conducted to test the relationships among study variables. Results indicate that entrepreneurial mindset and entrepreneurial alertness have mediating roles in the process separately. Entrepreneurial alertness is the most significant mediator in converting the effect of entrepreneurship education into entrepreneurial intentions. Entrepreneurial mindset also partially mediates the effect of entrepreneurship education on entrepreneurial intentions. The findings of this study are essential for educational planners and organizations in the entrepreneurial ecosystem to evaluate the effectiveness of entrepreneurial education in training programs. Future studies may consider replicating this study in different physical and cultural settings. Full article
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20 pages, 1648 KiB  
Article
Exploring the Formation of Sustainable Entrepreneurial Intentions among Chinese University Students: A Dual Path Moderated Mediation Model
by Jinjin He, Zhongming Wang, Honghao Hu and Zengguang Fan
Sustainability 2024, 16(18), 8069; https://doi.org/10.3390/su16188069 - 15 Sep 2024
Viewed by 1866
Abstract
As Sustainable Development Goals (SDGs) gain traction in Chinese society, fostering sustainable entrepreneurship among university students has emerged as a key priority for universities and governments. Methods for increasing students’ sustainable entrepreneurship skills and knowledge for the creation of sustainable startups have attracted [...] Read more.
As Sustainable Development Goals (SDGs) gain traction in Chinese society, fostering sustainable entrepreneurship among university students has emerged as a key priority for universities and governments. Methods for increasing students’ sustainable entrepreneurship skills and knowledge for the creation of sustainable startups have attracted substantial attention. This study constructs a moderated mediation model based on entrepreneurial cognition theory to investigate the mediating roles of opportunity identification and attitude in the relationship between sustainable entrepreneurship education and sustainable entrepreneurial intention among university students, in addition to the moderating effect of empathy. The study surveyed 307 students from universities in the Yangtze River Delta region and employed hierarchical regression analysis to test the hypotheses. The results indicate that sustainable entrepreneurship education enhances students’ sustainable entrepreneurial intention by fostering their opportunity identification and attitude, and this enhancement effect is stronger when their level of empathy is higher. These findings enrich entrepreneurial cognition and empathy theories within the context of sustainable entrepreneurship and offer valuable insights for universities and policymakers in developing strategies to support sustainable entrepreneurship among university students. Full article
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18 pages, 792 KiB  
Article
Leading Sustainability: The Impact of Executives’ Environmental Background on the Enterprise’s ESG Performance
by Qian Zhang, Linfang Tan and Da Gao
Sustainability 2024, 16(16), 6952; https://doi.org/10.3390/su16166952 - 14 Aug 2024
Cited by 3 | Viewed by 2587
Abstract
Improving corporate ESG performance is regarded as a useful means to promote low-carbon transformation. Based on executive echelon theory, this study uses textual analysis to identify the executives’ environmental background characteristics and explores the impact on the company’s ESG performance, using data on [...] Read more.
Improving corporate ESG performance is regarded as a useful means to promote low-carbon transformation. Based on executive echelon theory, this study uses textual analysis to identify the executives’ environmental background characteristics and explores the impact on the company’s ESG performance, using data on China’s A-share listed companies from 2009 to 2021. The empirical results show that (1) the environmental background of executives has a positive impact on the enterprise’s ESG performance, and a series of robustness tests reconfirm this finding. (2) The mediating effect model shows that the executives’ environmental background can trigger environmental investment and the green innovation effect, improving the enterprise’s ESG performance. (3) The heterogeneity analysis shows that the impact of the environmental background of executives on the firm’s ESG performance is more sensitive in non-state-owned and heavily polluting enterprises. (4) Improving corporate ESG performance can also promote economic performance and achieve the dual goals of the “environment + economy”. The conclusions in this study provide a theoretical basis and practical enlightenment for the government to formulate environmental policies. Full article
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15 pages, 780 KiB  
Article
Drivers of Student Social Entrepreneurial Intention Amid the Economic Crisis in Lebanon: A Mediation Model
by Batoul Toufaily and Najib Bou Zakhem
Sustainability 2024, 16(7), 2807; https://doi.org/10.3390/su16072807 - 28 Mar 2024
Cited by 2 | Viewed by 1835
Abstract
Entrepreneurship, once a choice, has now evolved into a critical lifeline for the youth in Lebanon amid a prolonged and extensive economic crisis, now entering its fourth year. This crisis has triggered a shift in the mindset of Lebanese youth, driven by the [...] Read more.
Entrepreneurship, once a choice, has now evolved into a critical lifeline for the youth in Lebanon amid a prolonged and extensive economic crisis, now entering its fourth year. This crisis has triggered a shift in the mindset of Lebanese youth, driven by the high unemployment rate, acting as a catalyst for a transition towards entrepreneurship as a viable career choice. This study underscores the necessity of comprehending the determinants shaping social entrepreneurial intentions among Lebanese students. The goal is to identify these determinants, allowing for the implementation of necessary measures to not only enhance these intentions but also facilitate their transformation into tangible actions, thereby propelling economic growth and fostering sustainable development. The research investigates the intricate interplay of entrepreneurial education, entrepreneurial passion, and moral obligation, with entrepreneurial self-efficacy serving as a mediating factor. Conducting a survey among 265 participants from four universities in Lebanon using convenience sampling, this research employs Partial Least Squares Structural Equation Modeling (PLS-SEM) for analysis. The results reveal that entrepreneurial education and entrepreneurial passion significantly boost students’ belief in their entrepreneurial self-efficacy. Simultaneously, entrepreneurial self-efficacy intensifies students’ entrepreneurial intention. Furthermore, a positive correlation is observed between moral obligation and social entrepreneurial intention. These findings hold significant implications for educators and policymakers, offering insights to guide initiatives aimed at enhancing entrepreneurial education and fostering an environment conducive to socially impactful ventures, in light of the economic and political crisis that Lebanon is currently facing. Likewise, researchers can gain insights from the theoretical foundations of the present study and discover possible pathways for future analyses. Moreover, integrating sustainability principles into entrepreneurial education could further amplify the social and economic impact of ventures in Lebanon’s challenging context. Full article
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