Kirby, David A. and El-Kaffass, Iman and Healey-Benson, Felicity (2022) Harmonious Entrepreneurship: evolution from wealth creation to sustainable development(submitted version). Journal of Management History, 28 (4). pp. 514-529. ISSN 1751-1348
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Abstract
Purpose The purpose of this article is to trace the evolution of entrepreneurship theory in order to explain why entrepreneurship has not been successful in addressing and to determine how it needs to change in order to address the sustainability challenge. Design The study is based on secondary data and an examination of actual cases that have addressed the challenge successfully. Findings The article concludes that entrepreneurship has failed to address the sustainability challenge because of its failure to appreciate that the planet is a system and its emphasis on “making as much money as possible”. It concludes that for any solution to be successful it must be based on systems thinking and should integrate or harmonise the traditional, separately applied approaches to entrepreneurship in order to produce a business model with a Triple Bottom Line, where Profit, Planet and People are in Harmony. Limitations The study is based on purposively selected case studies and needs to be tested in different geographical, politico-economic and industrial contexts. Practical Implications. The findings will have significance for entrepreneurship educators and trainers and will require that the “making as much money as possible” and shareholder satisfaction doctrines of business are replaced with a model that ensures Profit, Planet and People are in harmony. Social implications There needs to be a shift from shareholder to stakeholder satisfaction and an appreciation that the social responsibility of business needs to be founded on “ethical custom”. Originality The research introduces a new operational model of entrepreneurship that is based on systems thinking and the principle of Harmony.
| Item Type: | Article |
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| Subjects: | A General Works > AS Academies and learned societies (General) A General Works > AZ History of Scholarship The Humanities B Philosophy. Psychology. Religion > B Philosophy (General) B Philosophy. Psychology. Religion > BJ Ethics H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory L Education > L Education (General) S Agriculture > S Agriculture (General) |
| Divisions: | Research Innovation and Enterprise Services |
| Depositing User: | Dr Felicity Healey-Benson |
| Date Deposited: | 30 Jun 2023 08:38 |
| Last Modified: | 09 Jan 2024 16:36 |
| URI: | https://repository.uwtsd.ac.uk/id/eprint/2469 |
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