Abstract
The role of Nature-Based Solutions (NBS) in influencing corporate entrepreneurship for inclusive and fair development of emerging economies, particularly in sub-Saharan countries, influences environmental sustainability. Businesses like the current work must support sustainability and social equity to meet the ecological challenge while contributing to economic growth. By integrating principles of environmental science and corporate strategy, this research aims to identify how NBS can effectively enhance corporate entrepreneurship, especially in emerging economies. The study employs a quantitative approach. The researchers collected data from SMEs’ owner-managers and employees and analyzed it using structural equation modeling. Core findings show that companies using nature-based solutions bring about many benefits for the environment and have a relative advantage in creative and market-competitive terms. At the same time, these companies show higher employee commitment and wider community support, which, in turn, lead to more robust and greener corporate models. The results show that including nature-based solutions in business plans can inspire corporate entrepreneurship, producing more general social and financial advantages. The study concludes that corporate entrepreneurship and nature-based solutions are feasible for inclusive and fair growth. These realizations offer legislators and corporate leaders practical advice on promoting environmentally friendly business methods fit for the Global Development Agenda 2030.
Presenters
David DebrahAssistant Registrar, Directorate of Finance, Cape Coast Technical University, Central, Ghana
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
KEYWORDS
INCLUSIVE DEVELOPMENT, CORPORATE ENTREPRENEURSHIP, SUSTAINABLE BUSINESS PRACTICES, EQUITABLE DEVELOPMENT, NATURE-BASED
