TITLE:
Role of Green Entrepreneurship in Supporting Small and Medium Entrepreneurial Projects/Case Study of Malaysia
AUTHORS:
Nagham Hussein Neama, Rasha H. Abbood, Ali Ehsan Yahya
KEYWORDS:
Green Entrepreneurship, Green Economy, Small and Medium Enterprises, Environmental Sustainability, Social Development
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.6,
November
10,
2023
ABSTRACT: Green Entrepreneurship as a concept gains great
interest in Malaysia when it tries hardly to achieve green economy as well as
achieving sustainable development goals. Meanwhile, entrepreneurial projects of
both small and medium enterprises contribute a significant role in enhancing
the gross domestic product. This study works firstly on clarifying the main
role of green entrepreneurship in supporting projects especially (SMEs), and it
aims to clarify small and medium enterprises in Malaysia in specific. The
problem of current study is to investigate the reasons of non-adopting (small
and medium enterprise entrepreneurs) green entrepreneurial practices as what is
done in large and/or multinational companies. Current paper is organized as
cognitive journey that contributes to understanding it in deep; it starts with
related studies and tries to enrich the readers with previous works; then joins
Green Entrepreneurship with SMEs depending on previous literature as well;
while the methodology depends on the secondary data and it could be not enough
yet; but for future works it could be useful and stands as a guide and/or
director to follow. Then, discuss in brief what it concludes. The study
concludes that there is an obvious interest by entrepreneurs (small and medium
enterprises) to adopt green entrepreneurship practices due to the continued
support either by government and/or by Central Bank of Malaysia towards
encouraging small-scale projects, especially for those projects that specified
in renewable energy and energy efficiency in Malaysia. Current paper
recommended that increasing incentives and rewards for green entrepreneurs are
essential targets to increase the number of small and medium enterprises
especially those projects related to environmental protection, environmental
sustainability; and social development. Limitations: Although many
studies refer to the importance of adopting green entrepreneurship, all of
these tries are characterized as theoretical ones not practical and/or couldn’t
be achieved anywhere and anytime! Of course; there is no fixed model or
experience for the whole world; but at least having a latent stock of data and
experiences in many diverse places to follow enriched by advantages &
disadvantages, weaknesses & opportunities, threats & strengths that are funded by many organizations and
countries to support and develop societies accordingly.