Sustainable Entrepreneurship

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Abstract

This study is an empirical research study about the perception and practice of sustainable entrepreneurship (SE) in relation to the business performance of selected enterprises in Pampanga, one of the provinces in the Philippines. SE is an evolving concept that uses the triple bottom line concept of John Elkington’s 3Ps—people, planet, and profit—to assess the sustainability of enterprises. This paper assessed the SE practices of the enterprises and determines if there is a relationship between the SE dimensions’ practices and business performance. A sample of 115 enterprises participated in the study. To describe the profile of the enterprises and SE practices of the enterprises, frequency and mean ratings were used, while inferential statistics such as an analysis of variance and correlation were utilized to determine if there were similarities in the perception and practice of the SE dimensions and relationship between the SE dimensions and the enterprises’ business performance, respectively. Results indicated that perception and practices of the SE dimensions do not vary across the profile categories except for the type of industry (for people and planet). Moreover, it was also revealed that the SE dimensions have a moderate effect and were significantly related to business performance. Lastly, it was concluded that the practice of SE can be adopted by both small and large enterprises, regardless of size and length of existence, but may vary by type of product or business and that business performance can be influenced by the practice of the SE dimension.