Determinants of Corporate Entrepreneurship in the Context of Sustainable Development
Purpose: This research article aims to investigate the determinants of corporate entrepreneurship in the context of sustainable development. With increasing challenges related to environmental protection, corporate social responsibility, and sustainable economic growth, understanding the factors that drive corporate entrepreneurship in sustainability becomes crucial for effective organizational management. Design/Methodology/Approach: This study employs a comprehensive analysis of existing theory and empirical research to identify the key determinants of corporate entrepreneurship within the framework of sustainable development. The research methodology involves a systematic review of relevant literature, including academic articles, reports, and case studies. Furthermore, the article presents a detailed case analysis of Orsted, a global leader in renewable energy, as an exemplification of successful implementation of corporate entrepreneurship in the sustainability domain. Findings: The research identifies organizational culture, leadership, and innovation as crucial determinants of corporate entrepreneurship in the context of sustainable development. A strong entrepreneurial culture that fosters creativity, risk-taking, and proactiveness provides a favorable environment for sustainable business initiatives. Effective leadership, characterized by a commitment to sustainability goals and the ability to empower employees, plays a significant role in driving corporate entrepreneurship. Practical Implication: The findings of this study have significant practical implications for organizations aiming to integrate corporate entrepreneurship with sustainable development. Understanding the determinants highlighted in this research can assist managers and policymakers in fostering an entrepreneurial mindset within their organizations and aligning their strategies with sustainable objectives. Originality/Value: This article contributes to the existing literature by consolidating and synthesizing the determinants of corporate entrepreneurship within the context of sustainable development. The inclusion of a detailed case analysis of Orsted adds value by offering a practical illustration of successful implementation. The comprehensive review of theory and empirical research provides a holistic understanding of the topic, enabling researchers, practitioners, and policymakers to gain valuable insights and make informed decisions in promoting corporate entrepreneurship in sustainable development endeavors.