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33 pages, 7084 KiB  
Article
Revitalizing Inner Areas Through Thematic Cultural Routes and Multifaceted Tourism Experiences
by Annarita Sannazzaro, Stefano Del Lungo, Maria Rosaria Potenza and Fabrizio Terenzio Gizzi
Sustainability 2025, 17(10), 4701; https://doi.org/10.3390/su17104701 - 20 May 2025
Cited by 1 | Viewed by 782
Abstract
Cultural tourism can act as a driver for inner area development, bringing about a range of socio-economic benefits through economic stimulation, quality of life improvement, and cultural heritage preservation. Inner territories, set apart by geographic marginality and low population density, hold a rich [...] Read more.
Cultural tourism can act as a driver for inner area development, bringing about a range of socio-economic benefits through economic stimulation, quality of life improvement, and cultural heritage preservation. Inner territories, set apart by geographic marginality and low population density, hold a rich cultural and environmental heritage that, however, remains off the radar and left behind. Guided by the principles of endogenous local development, this article seeks to contribute to the existing body of research by proposing potential strategies for local growth rooted in cultural tourism. From this perspective, we identified the Basilicata region (Southern Italy) as a proper test area. The region is rich in archaeological, monumental and museum evidence, but is characterized, except in a few areas, by a low rate of tourist turnout. Through a replicable, comprehensive, and flexible methodology—drawing on bibliographic research, analysis of archaeological, archival, erudite and antiquarian sources, and carrying out field surveys—the different points of interest in the region have been brought together under specific cultural themes. Results include the design of three detailed routes (Via Herculia, Frederick II’s, and St Michael’s cultural routes) useful for three different types of tourism (sustainable, emotional, and accessible). Possible scenarios for valorization and fruition are also proposed, paying particular attention to digital technologies. Thus, this research aligns with Sustainable Development Goals (SDGs) 8 and 11 promoting cultural heritage valorization and preservation, shoring up economic revitalization, stepping up community engagement, and pushing forward environmentally friendly tourism practices. Research findings can attract the interest of a wide range of stakeholders such as tourism professionals, local authorities, cultural and creative industries, local communities and entrepreneurs, as well as academics and researchers. The methodological approach can be considered for the valorization and tourist enjoyment of inner areas in other countries, with particular focus on those falling within the Mediterranean region which is rich in cultural heritage, environmental value, and socio-economic potential. Full article
(This article belongs to the Section Tourism, Culture, and Heritage)
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20 pages, 333 KiB  
Article
Entrepreneurial Resources, Decision-Making Logic and Organisational Change Readiness: Enhancing SME Sustainability in New Zealand
by Kathryn Walker and Michelle Chin Chin Lee
Adm. Sci. 2025, 15(5), 188; https://doi.org/10.3390/admsci15050188 - 20 May 2025
Cited by 1 | Viewed by 577
Abstract
Entrepreneurs are the backbone of most small- and medium-sized enterprises (SMEs), yet they have received little attention regarding how they prepare for organisational change readiness (OCR), especially in the current uncertain business environment and the disruption of Industrial Revolution 4.0 (IR 4.0). This [...] Read more.
Entrepreneurs are the backbone of most small- and medium-sized enterprises (SMEs), yet they have received little attention regarding how they prepare for organisational change readiness (OCR), especially in the current uncertain business environment and the disruption of Industrial Revolution 4.0 (IR 4.0). This study sought to understand how entrepreneurs’ decision-making logic (i.e., effectuation and causation) mediates the relationship between the different types of resources (i.e., financial and government resources, social capital) and OCR. A total of 119 participants (91 males), who were entrepreneurs, participated in this cross-sectional study. After controlling for age, gender, and education level, the study’s results found that a positive relationship existed between the two types of resources and OCR, mediated by decision-making logic. A positive relationship was also found between both types of decision-making logic and OCR. These results highlight the significant impact of both entrepreneurs’ social capital and financial and, government resources and decision-making logic on OCR. Full article
22 pages, 533 KiB  
Article
Migrant Entrepreneurs Between Colombia and Germany: Return, Strategies, and Expectations
by Felipe Aliaga-Sáez, David Alberto García-Arango, Yvonne Riaño, Jovany Sepúlveda-Aguirre and David Betancur-Betancur
Soc. Sci. 2025, 14(5), 305; https://doi.org/10.3390/socsci14050305 - 14 May 2025
Cited by 1 | Viewed by 708
Abstract
There is scant literature on migrants with an entrepreneurial background and who return to their country of origin. Using a transnational theoretical approach, we seek to contribute to research in this field by analysing the return strategies and expectations of Colombian migrant entrepreneurs [...] Read more.
There is scant literature on migrants with an entrepreneurial background and who return to their country of origin. Using a transnational theoretical approach, we seek to contribute to research in this field by analysing the return strategies and expectations of Colombian migrant entrepreneurs participating in the Programme Migration and Diaspora (PMD). This programme is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (German Society for International Cooperation, Eschborn, Germany) on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ, Berlin, Germany). To this end, a mixed-methods study was conducted. Likert scale questionnaires and semi-structured interviews were applied to twenty-seven entrepreneurs participating in the programme, analysing quantitative and qualitative variables. Migrants seek to contribute to Colombia’s development through entrepreneurship, looking for various commercial connections for which security and planning conditions are necessary. They see entrepreneurship as sustenance, which in most cases results in transnational links between Germany and Colombia. For that to happen, contacts and acquired experiences are fundamental, as well as tangible and intangible resources, amongst which the information and support for entrepreneurship granted by GIZ stand out. Generally, it is essential to continue strengthening differentiated and comprehensive support strategies for all types of migrant entrepreneurs in destination countries. Full article
(This article belongs to the Section International Migration)
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23 pages, 2121 KiB  
Article
How to Mitigate the Risk of Late Payments? The Case of the Largest Polish Companies Selling Electricity in 2018–2023
by Anna Olkiewicz
Energies 2025, 18(8), 1918; https://doi.org/10.3390/en18081918 - 9 Apr 2025
Viewed by 493
Abstract
Companies operating in the energy market in Poland conduct business activity on the basis of special regulations applicable to this type of entity. However, they are, like any other entrepreneur, exposed to the risk of delays in payments, non-payment, restructuring, or even bankruptcy [...] Read more.
Companies operating in the energy market in Poland conduct business activity on the basis of special regulations applicable to this type of entity. However, they are, like any other entrepreneur, exposed to the risk of delays in payments, non-payment, restructuring, or even bankruptcy of their contractor. Appropriate instruments should be used to mitigate these risks. There are many methods available today to deal with trading risks. However, they should be tailored to the individual needs of each entrepreneur based on an in-depth analysis of its contractors. This article analyzes the five largest companies selling electricity in Poland in terms of the risk of late payments in the period 2018–2023. It turned out that in the surveyed companies in the period 2018–2013, the amount of receivables was constantly increasing, and the average recovery term was longer than the average payment term in enterprises in general. The real impact of delayed payments on the profitability of the surveyed companies was also calculated. Then, the available methods of transaction risk mitigation (tangible collateral, personal collateral, form of paying, other legal, banking and insurance instruments) were analyzed and described, and whether and to what extent they are used in the surveyed companies. The conducted research also allowed the author to conclude that, unfortunately, despite the existence of many instruments, they are not used due to the costs and formalities associated with their acquisition. Full article
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23 pages, 901 KiB  
Article
Analysis of Solidarity Mechanisms Affecting the Performance of Ethnic Minority Business Groups in Africa
by Mahdi Tajeddin and Michael Carney
J. Risk Financial Manag. 2025, 18(4), 183; https://doi.org/10.3390/jrfm18040183 - 28 Mar 2025
Viewed by 593
Abstract
Business groups comprise independently owned firms based on different types of owner solidarity, such as kinship, ethnicity, religion, or political identity. However, research has been slow to account for how the adverse effects of ethnic solidarity influence BG-affiliate firm performance. We investigate the [...] Read more.
Business groups comprise independently owned firms based on different types of owner solidarity, such as kinship, ethnicity, religion, or political identity. However, research has been slow to account for how the adverse effects of ethnic solidarity influence BG-affiliate firm performance. We investigate the interplay of owner ethnicity and their firms’ innovation and export performance. We find variations in affiliates’ performance based on their self-identified ethnicities by analyzing data from the World Bank’s Enterprise Surveys (WBES) across 20 sub-Saharan African countries. Notably, long-established migrant communities, including Indian, Middle Eastern, and European entrepreneurs, experienced waning performance within the BG structure. In contrast, group-affiliated firms led by Chinese entrepreneurs show significant outperformance compared to their African counterparts and minority group affiliates. This study contributes to a novel understanding of the heterogeneous relationship between ethnic solidarity and BG-affiliated firms’ performance across sub-Saharan Africa. Full article
(This article belongs to the Special Issue Entrepreneurship in Emerging Economies)
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29 pages, 310 KiB  
Article
Strategic Business Management and Its Role in the Formalization of Micro and Small Enterprises in Emerging Economies
by Uldarico Inocencio Aguado-Riveros, Sonia Luz Barzola-Inga, Carlos Antonio Adauto-Justo, Diana Pariona-Amaya, Luis Enrique Espinoza-Quispe, Luis Alberto Poma-Lagos, Vicente González-Prida and Javier Amador Navarro-Veliz
World 2025, 6(2), 41; https://doi.org/10.3390/world6020041 - 28 Mar 2025
Viewed by 806
Abstract
This study explores the connection between business management and the formalization of micro and small businesses (MSEs) in a particular developing economy environment. The main objective is to identify the business management factors that influence the business registration and compliance processes of these [...] Read more.
This study explores the connection between business management and the formalization of micro and small businesses (MSEs) in a particular developing economy environment. The main objective is to identify the business management factors that influence the business registration and compliance processes of these enterprises. This study uniquely contributes to the literature by empirically identifying and testing the specific business management factors that influence MSE formalization in an emerging economy, using a quantitative, data-driven approach. The research design utilizes quantitative methods and non-experimental and correlational elements while surveying 186 informal entrepreneurs from a total population of 361. The analysis used SPSS software version 25 on Likert-type scale survey data to identify relationships between investigated variables. The results demonstrate a weak positive association between business management and MSE formalization through their r = 0.386 Spearman correlation coefficient, which reaches statistical significance at a p-value of 0.000. In addition, positive correlations were identified between resource availability and accessibility and service quality with formalization, whereas acceptability and adaptability did not show a significant relationship (r = 0.256, p = 0.000; r = 0.359, p = 0.000). The formalization of MSEs depends on proper business management; however, a broader contextual approach is required to meet specific demands in local areas such as the study area. These findings suggest the implementation of integrated policies that improve the availability, accessibility, and quality of resources and services offered to MSEs. Full article
19 pages, 708 KiB  
Article
Purpose-Driven Resilience: A Blueprint for Sustainable Growth in Micro- and Small Enterprises in Turbulent Contexts
by Ali Saleh Alshebami
Sustainability 2025, 17(5), 2308; https://doi.org/10.3390/su17052308 - 6 Mar 2025
Cited by 5 | Viewed by 1631
Abstract
Micro- and small enterprises, despite their effective and significant role in strengthening the economy, especially in developing countries, continue to struggle, particularly in adverse conditions and unstable governments. Accordingly, there is a need to understand the key factors that can internally enhance micro- [...] Read more.
Micro- and small enterprises, despite their effective and significant role in strengthening the economy, especially in developing countries, continue to struggle, particularly in adverse conditions and unstable governments. Accordingly, there is a need to understand the key factors that can internally enhance micro- and small enterprises and support them in standing strong and becoming more resilient during adverse times, ultimately ensuring better economic contribution. This research investigates how coping with unexpected challenges, described as the ability to manage and adapt to unexpected challenges, and defining core purpose, defined as the ability to define core vision and values for the business, enhances micro- and small enterprises’ resilience during adverse conditions. This study further investigates whether business resilience, described as the ability of a business to adapt effectively to changing unstable environments, positively influences business economic sustainability. This study also examined whether business resilience can positively mediate the relationship between coping with unexpected challenges, defining core purpose and having business economic sustainability. Accordingly, a sample of 303 respondents was collected from micro- and small entrepreneurs operating different types of activities. This study’s findings reported that coping with unexpected challenges and defining core purposes positively influenced business resilience and economic sustainability. This study also revealed that business resilience can directly and significantly influence business economic sustainability and could partially mediate the connection between coping with unexpected challenges, defining core purpose and having business economic sustainability. This study concluded by offering theoretical and practical implications to entrepreneurs, policymakers and stakeholders. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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18 pages, 657 KiB  
Article
From Collectivism to Entrepreneurship: Personality Traits Driving Entrepreneurial Transformation in Kibbutzim
by Galit Klein and Djamchid Assadi
Adm. Sci. 2025, 15(2), 65; https://doi.org/10.3390/admsci15020065 - 15 Feb 2025
Viewed by 727
Abstract
Purpose: This study examines the entrepreneurial transformation within kibbutzim (organizations historically rooted in collectivist ideals) as they adapt to economic and cultural shifts. Positioned as unique socioeconomic models, kibbutzim provide a compelling context for understanding social intrapreneurship, defined as entrepreneurial behaviors emerging within [...] Read more.
Purpose: This study examines the entrepreneurial transformation within kibbutzim (organizations historically rooted in collectivist ideals) as they adapt to economic and cultural shifts. Positioned as unique socioeconomic models, kibbutzim provide a compelling context for understanding social intrapreneurship, defined as entrepreneurial behaviors emerging within structured communal settings. The study explores how tensions between different community values impact the motivation to establish a new business. Methods: A paper-based survey was distributed to 256 entrepreneurs. Motivation is assessed using the push/pull theory. Self-efficacy is proposed as a mediator between the type of kibbutz (collective or privatized) and motivational factors, with proactive personality acting as a moderator of the relationship between kibbutz type and self-efficacy. Findings: The results indicate that although entrepreneurs from both types of kibbutzim exhibit lower pull motivators compared to non-kibbutz members, privatized kibbutz entrepreneurs display a higher level of push motivation than the other groups. Additionally, self-efficacy mediates the relationship between collective kibbutz members and pull motivation and between privatized kibbutz members and push motivation, but only for entrepreneurs with low levels of proactive personality traits. Conclusions: The findings underscore the influence of cultural tensions and values on entrepreneurial behaviors, offering insights into the interplay between community context and individual agency. Full article
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24 pages, 819 KiB  
Systematic Review
Tourism Entrepreneurship in Latin America: A Systematic Review of Challenges, Strategies, and Post-COVID-19 Perspectives
by Víctor Hugo Fernández-Bedoya, Miguel Angel Ruiz-Palacios, Monica Elisa Meneses-La-Riva and Josefina Amanda Suyo-Vega
Sustainability 2025, 17(3), 989; https://doi.org/10.3390/su17030989 - 25 Jan 2025
Cited by 2 | Viewed by 3193
Abstract
The COVID-19 pandemic has profoundly impacted the global tourism industry, forcing tourism entrepreneurs to adapt and innovate in order to recover. This systematic review aims to identify scientific evidence on tourism entrepreneurship experiences in Latin America during the COVID-19 pandemic. Specifically, the review [...] Read more.
The COVID-19 pandemic has profoundly impacted the global tourism industry, forcing tourism entrepreneurs to adapt and innovate in order to recover. This systematic review aims to identify scientific evidence on tourism entrepreneurship experiences in Latin America during the COVID-19 pandemic. Specifically, the review seeks to uncover key challenges faced by tourism entrepreneurs, the locations and types of tourism most affected, and to draw lessons from these experiences. The authors followed the PRISMA protocol, identifying 15 research studies on tourism entrepreneurship in Latin America. The review analyzed articles from seven key databases—Scopus, Web of Science, Scielo, EBSCO, Proquest, Gale Academic Onefile, and LA Referencia—focusing on studies that examined tourism entrepreneurship within the context of COVID-19. These studies employed diverse methodologies, including case studies, surveys, and data analysis. The results show tourism entrepreneurs in Latin America faced challenges like economic crises, business closures, and unemployment. They responded with biosecurity protocols, domestic tourism, and digital tools such as online platforms and QR codes. A shift toward sustainable models like ecotourism highlighted local development and conservation. The pandemic spurred innovation and resilience, with adaptability, digital transformation, and collaboration, driving recovery. Sustainable practices and authentic experiences are key to long-term success. Full article
(This article belongs to the Section Tourism, Culture, and Heritage)
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20 pages, 11324 KiB  
Article
Power Quality Improvement with Three-Phase Shunt Active Power Filter Prototype Based on Harmonic Component Separation Method with Low-Pass Filter
by Marian Gaiceanu, Silviu Epure, Razvan Constantin Solea and Razvan Buhosu
Energies 2025, 18(3), 556; https://doi.org/10.3390/en18030556 - 24 Jan 2025
Cited by 2 | Viewed by 1009
Abstract
This work contributes to both Romania’s and the European Union’s energy policies by highlighting the research results obtained within the Dunarea de Jos University of Galati, but also through the technological transfer of this knowledge to the industry. In order to improve the [...] Read more.
This work contributes to both Romania’s and the European Union’s energy policies by highlighting the research results obtained within the Dunarea de Jos University of Galati, but also through the technological transfer of this knowledge to the industry. In order to improve the power quality of the nonlinear loads connected to the electrical grid, a three-phase shunt active power filter prototype based on the Harmonic Component Separation Method with a Low-Pass Filter was used. The active power filter is connected at the Point of Common Coupling to compensate for individual loads or even all of them simultaneously. Therefore, active power filters can be used to compensate for the power factor and reduce the harmonic distortion of power supplies, or for processes subsequently connected to additional nonlinear loads, thus improving the energy efficiency. The shunt active power filter prototype is composed of the power side (three-phase insulated gate bipolar transistor bridge, DC link capacitor precharge system, inductive filter) and the control side (gate drive circuits, control subsystems, signal acquisition system). The filter control strategy is based on the principle of separating harmonic components with a low-pass filter, implemented by the authors on the industrial prototype. In this paper, the main technical features of the industrial shunt active power filter prototype are specified. The authors of this paper involved three cascaded control loops: the DC link voltage control loop, the shunt active power filter current control loop and the phase-locked loop. Both simulation and experimental results for the shunt-type active power filter prototype were obtained. By analyzing the obtained waveforms of the power supply source in two cases (with and without an active power filter), a decrease in the total harmonic distortion was demonstrated, both the voltage harmonic distortion factor THDu and the current harmonic distortion factor THDi in the case of the active power filter connection. By using the Field-Programmed Gate Array processing platform, the powerful computational speed features were exploited to implement the active shunt power filter control on an experimental test bench. Conducting source current harmonics mitigation increased the efficiency of the power system by decreasing the respective harmonic Joule losses. The energy-saving feature led to the increased added value of the parallel active power filter. Through the performed laboratory tests, the authors demonstrated the feasibility of the proposed control solution for the industrial prototype. In accordance with the European Union’s Research and Technological Development Policy, the development of an innovation ecosystem was taken into consideration. The unified and efficient integration of all the specific actors (enterprises, research institutes, universities and entrepreneurs) in innovation was achieved. Full article
(This article belongs to the Section F: Electrical Engineering)
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23 pages, 6567 KiB  
Article
Forecasting Electricity Production in a Small Hydropower Plant (SHP) Using Artificial Intelligence (AI)
by Dawid Maciejewski, Krzysztof Mudryk and Maciej Sporysz
Energies 2024, 17(24), 6401; https://doi.org/10.3390/en17246401 - 19 Dec 2024
Viewed by 1398
Abstract
This article devises the Artificial Intelligence (AI) methods of designing models of short-term forecasting (in 12 h and 24 h horizons) of electricity production in a selected Small Hydropower Plant (SHP). Renewable Energy Sources (RESs) are difficult to predict due to weather variability. [...] Read more.
This article devises the Artificial Intelligence (AI) methods of designing models of short-term forecasting (in 12 h and 24 h horizons) of electricity production in a selected Small Hydropower Plant (SHP). Renewable Energy Sources (RESs) are difficult to predict due to weather variability. Electricity production by a run-of-river SHP is marked by the variability related to the access to instantaneous flow in the river and weather conditions. In order to develop predictive models of an SHP facility (installed capacity 760 kW), which is located in Southern Poland on the Skawa River, hourly data from nearby meteorological stations and a water gauge station were collected as explanatory variables. Data on the water management of the retention reservoir above the SHP were also included. The variable to be explained was the hourly electricity production, which was obtained from the tested SHP over a period of 3 years and 10 months. Obtaining these data to build models required contact with state institutions and private entrepreneurs of the SHP. Four AI methods were chosen to create predictive models: two types of Artificial Neural Networks (ANNs), Multilayer Perceptron (MLP) and Radial Base Functions (RBFs), and two types of decision trees methods, Random Forest (RF) and Gradient-Boosted Decision Trees (GBDTs). Finally, after applying forecast quality measures of Mean Absolute Error (MAE), Mean Absolute Percentage Error (MAPE), and Coefficient of Determination (R2), the most effective model was indicated. The decision trees method proved to be more accurate than ANN models. The best GBDT models’ errors were MAPE 3.17% and MAE 9.97 kWh (for 12 h horizon), and MAPE 3.41% and MAE 10.96 kWh (for 24 h horizon). MLPs had worse results: MAPE from 5.41% to 5.55% and MAE from 18.02 kWh to 18.40 kWh (for 12 h horizon), and MAPE from 7.30% to 7.50% and MAE from 24.12 kWh to 24.83 kWh (for 24 h horizon). Forecasts using RBF were not made due to the very low quality of training and testing (the correlation coefficient was approximately 0.3). Full article
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16 pages, 292 KiB  
Article
Enriching the Typology of Social Entrepreneurs: The Transnational Dimension
by Christine Ascencio, Mamoun Benmamoun, Jerome Katz and Alex Brinkmeier
Adm. Sci. 2024, 14(12), 335; https://doi.org/10.3390/admsci14120335 - 18 Dec 2024
Cited by 1 | Viewed by 946
Abstract
Previous researchers developed a comprehensive typology for categorizing social entrepreneurship; however, their framework does not fully address some emerging forms. This paper offers a critical addition to their model by introducing the “transnational pragmatist”, a type of social entrepreneur with a grassroots background [...] Read more.
Previous researchers developed a comprehensive typology for categorizing social entrepreneurship; however, their framework does not fully address some emerging forms. This paper offers a critical addition to their model by introducing the “transnational pragmatist”, a type of social entrepreneur with a grassroots background who creates a community-centric social enterprise in a foreign context. Through insights gained from interviews with social entrepreneurs, this paper identifies and defines the transnational pragmatist as a distinct category that fills a significant gap in Abebe’s framework. Our contribution broadens the typology to better capture smaller for-profit and nonprofit ventures operating transnationally, enhancing the model’s relevance for international social entrepreneurs from humble origins. Full article
(This article belongs to the Section International Entrepreneurship)
14 pages, 2777 KiB  
Review
Development of an Integrated EV Service Ecosystem Business Model Using Community Ecology and Ecosystem Ecology Concept for Sustainable Tourism Areas: A Review
by Hadi Sutanto Saragi, Joko Siswanto, Fitriani Silalahi, Titah Yudhistira and Nathan Saputra Sitohang
Sustainability 2024, 16(24), 10810; https://doi.org/10.3390/su162410810 - 10 Dec 2024
Cited by 2 | Viewed by 1185
Abstract
The Business Model Canvas and value chain have significantly impacted how companies and entrepreneurs develop their business strategies. Both the Business Model Canvas and the value chain provide a simple, visual approach to effectively map out the key elements of a business. They [...] Read more.
The Business Model Canvas and value chain have significantly impacted how companies and entrepreneurs develop their business strategies. Both the Business Model Canvas and the value chain provide a simple, visual approach to effectively map out the key elements of a business. They have also been used as foundational models for ecosystem business models. Ecosystem business models are created by integrating the Business Model Canvas and the pie model, known as the Integrated Business Model. Another method for generating an ecosystem business model is integrating the value chain and the pie model, known as the service-dominated business model radar. Ecosystem business models with an organizational approach also provide a broad view of the roles of each organization, divided into five actors: governor, input provider, aggregator, enabler, and end user. In this research, the perspective of the ecosystem business model originates from an ecological analogy. The ecological concept consists of community ecology and ecosystem ecology. Community ecology relates to the types of actors that play roles in the ecosystem, while ecosystem ecology pertains to the value chain processes within the ecosystem. This research will discuss the advantages and limitations of the Business Model Canvas, the value chain, and organizations as foundational models for ecosystem business models, as well as opportunities to create new ecosystem business models based on the concepts of community ecology and ecosystem ecology. The new business model developed will be applied to electric vehicles in sustainable tourism areas. Full article
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22 pages, 704 KiB  
Article
Sustainable Entrepreneurial Process in the Deep-Tech Industry
by Ngoc Thu Hang Nguyen, Arkadiusz Michał Kowalski and Anna Maria Dzienis
Sustainability 2024, 16(19), 8714; https://doi.org/10.3390/su16198714 - 9 Oct 2024
Viewed by 2950
Abstract
To date, deep-tech entrepreneurship and sustainable entrepreneurship are both attracting the interest of researchers. Indeed, deep-tech is being employed to address future sustainable challenges in the present. Nevertheless, the process of deep-tech startups is filled with distinct obstacles. These types of startups may [...] Read more.
To date, deep-tech entrepreneurship and sustainable entrepreneurship are both attracting the interest of researchers. Indeed, deep-tech is being employed to address future sustainable challenges in the present. Nevertheless, the process of deep-tech startups is filled with distinct obstacles. These types of startups may necessitate a more targeted sustainable entrepreneurial process and specialised knowledge compared to conventional technological startups or general sustainable entrepreneurial processes. Currently, most publications discuss either a sustainable entrepreneurial process or conventional technical startups. Therefore, this article aims to investigate the process of sustainable entrepreneurs as they transition from startup ventures to scaleup enterprises within the context of the deep-tech industry. Based on previous sustainable entrepreneurial processes, a multiple case study was conducted within six deep-tech startups, using a narrative progress research strategy, to find the sustainable process pattern. A conceptual model of a sustainable entrepreneurial process in deep-tech industry is established, including five phases with six activities: (i) Sustainable idea definition; (ii) Sustainable opportunity recognition and evaluation; (iii) Venture launch; (iv.i) Sustainable products/services development; (iv.ii) New sustainable enterprise financing; and (v) Sustainable enterprise scaleup. This process enables sustainable deep-tech entrepreneurs, policymakers, and financial investors to necessarily have an overview of the key entrepreneurial stages to navigate from the startup to the scaleup process. Full article
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17 pages, 1243 KiB  
Article
Surviving the Storm: The Vital Role of Entrepreneurs’ Network Ties and Recovering Capabilities in Supporting the Intention to Sustain Micro and Small Enterprises
by Ali Saleh Alshebami
Sustainability 2024, 16(19), 8474; https://doi.org/10.3390/su16198474 - 29 Sep 2024
Cited by 9 | Viewed by 1692
Abstract
Micro and small enterprises (MSMEs) play a positive and significant role in developing economies by creating job opportunities and mitigating poverty; this necessitates their attention and focus, mainly during challenging times. Accordingly, this study explored the key factors contributing to enhancing entrepreneurial competency [...] Read more.
Micro and small enterprises (MSMEs) play a positive and significant role in developing economies by creating job opportunities and mitigating poverty; this necessitates their attention and focus, mainly during challenging times. Accordingly, this study explored the key factors contributing to enhancing entrepreneurial competency (EC) and the intention to maintain business continuity among MSMEs in Yemen during adverse times. A sample of 280 responses was collected from MSMEs operating diverse types of businesses in the capital of Yemen, Sanaa. The collected data were analysed using partial least squares–structural equation modelling (PLS-SEM), which is considered suitable for this purpose. The data collection process included an online questionnaire and a physical visit to the business locations of the business owners. The findings of the study reported that entrepreneurs’ network ties (ENT), as well as recovering capability (RC), positively and significantly influence the EC of MSMEs in the context of the study. Additionally, EC positively and significantly influences business continuity intention (BCI). Finally, EC partially mediates the relationship between ENT, RC, and BCI. The study concludes by providing recommendations and implications for policymakers. Full article
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