Green entrepreneurship is a strategic approach that integrates green practices into businesses to promote environmental sustainability and improve quality of life. It focuses on resource efficiency, conservation, and eco-friendly practices, promoting positive change and connecting business success to environmental responsibility. Green entrepreneurs combine entrepreneurial qualities with social and ecological responsibility, operating businesses that address environmental challenges while maintaining financial sustainability. Green entrepreneurship is also somewhat influenced by the abilities of the entrepreneur - their concerns for the environment, ability to take risk, and what kind of values and ethics they adhere with. Sustainability is a key concern for green entrepreneurs, as it involves adopting sustainable practices to reduce adverse environmental effects like climate change, pollution, and resource depletion. Green entrepreneurs prioritize addressing current needs while ensuring future generations have their needs met without depleting or damaging natural resources. Initiatives like the green entrepreneurship council (GEC) and the acceleration of cleantech enterprises (ACE) program provide access to cutting-edge technologies, enhance market competitiveness,
The challenge of weak product among other issues confronting resilience strategies of an organization has been attributed to insufficient investment in talent management. This study investigated talent management practices as resilience strategies from a product differentiation perspective among selected deposit money banks (DMBs) in Nigeria. A survey research design was adopted, and the population was 2,169 senior employees and managers. A stratified random sampling technique was adopted, and a sample size of 425 respondents was determined using Rao soft online sample calculator. A validated structured and adapted questionnaire was used in gathering data while Cronbach's alpha reliability coefficients for the constructs ranged from 0.929 to 0.942 with a response rate of 85.6%. Findings indicated that talent management components had a significant effect on product differentiation (adjusted R-2 = 0.779, F(5, 366) = 261.564, p < 0.05). The conclusion was that talent management practices significantly affect product differentiation. It was recommended to the management of the DMBs in Nigeria particularly and Africa in general to prioritize talent management practices as resilience strategies to advance product differentiation in their various units of operations.
This chapter focuses on the importance of human resource (HR) management strategies in the digital business strategy for small- and medium-sized enterprises (SMEs). With the increasing influence of digital transformation that alters organisational structures and implements new technologies, SMEs have no other choice but to evolve. However, due to the scarcity of resources, it becomes very important for SMEs to allocate its HR appropriately and effectively. To support decision-making on strategies like employee reskilling, recruitment of digital talent, leadership development, and promoting a digital culture, this chapter presents a multi-criteria decision analysis (MCDA) framework. The prioritisation is crucial because not all the strategies can be executed at once, and SMEs should target the most effective ones in the long run, affordable, and relevant to their digital transformation agenda. This chapter illustrates methods for how SMEs can use the proposed prioritisation framework effectively. The hypothetical case study demonstrates the real challenges faced by SMEs during digital transformation and how MCDA assists leaders in selecting the most beneficial HR strategies. The case highlights the necessity of fitting strategies to organisational challenges to allow the customisation of training and leadership to align with business demands and maximise effectiveness while minimising costs. Upon use, this framework enables SMEs to comprehend and direct their digital transformation path more effectively.
Digital transformation (DGT) in the industry 5.0 not only creates a comprehensive and sustainable socio-economic system but also helps businesses increase their resilience. This study aims to determine the effect of DGT capability on business model innovation (BMI) of Vietnamese small- and medium-sized enterprises (SMEs). The data were surveyed from 307 leaders working at SMEs in Vietnam and processed in two steps using SmartPLS 4.0 software. The results show that technology capability (TCC), organizational capability (OGC), strategy capability (STC), ecosystem capability (ECC), and risk management (RSM) have a positive effect on DGT. The results also show that DGT has a significant and positive influence on BMI, and the mediating role of DGT has also been confirmed. Afterward, Vietnamese SMEs have been advised to consider governance implications when enhancing their business models to align with the 5.0 industry.
The researchers examined the impact of information and communication technology (ICT) and e-business adoption on the performance and growth of small and medium-scale enterprises (SMEs) in Nigeria. Using a survey research approach, the research integrates quantitative data from a survey of 30 SMEs across various sectors with the link of a well-structured questionnaire sent to a carefully determined sample of SMEs within Abuja and Lagos. The findings revealed that SMEs in Abuja and Lagos make use of ICTs for e-business, of which some of the tools are computers, internet, tablets, smartphones, videoconferencing, and more. Findings also showed that the adopted ICTs are effective in the conduct of the business activities of the SMEs. ICTs as utilised by the SMEs were found to be useful and therefore are suited for recommendations to other business people. The researchers conclude that ICTs are important in the business architecture of Nigeria and also recommend that strategic investments in ICT infrastructure, targeted training programmes, and supportive government policies are crucial for maximising the benefits of e-business for SMEs in Nigeria. These findings are of significance to business owners and the nation in general as they provide a comprehensive understanding of the critical role of ICT in the e-business architecture of Nigeria and how that can also contribute to the fostering of sustainable growth of gross domestic product (GDP).
