Environmental entrepreneurship: characteristics of organization and development

Abstract

The growing awareness of environmental issues, such as the accelerated depletion of natural resources and declines in the quality of the environment, has led to the emergence of the concept of balanced (sustainable) development, which implies continual coordination with an equal focus on the following three key components of development – economic, social, and environmental. The purpose of this paper is to analyze some of the key characteristics of the development and organization of environmental entrepreneurship. The authors explore in detail the concept of environmental entrepreneurship. An expert survey was conducted to determine some of the key ideas for the development of environmental entrepreneurship, as well as some of the key prospects for integrating environmental aspects into entrepreneurial activity as a whole. Among the key areas for the development of environmental entrepreneurship listed in the paper are production of organic output, environmental construction, environmental tourism, and waste management and recycling. The authors provide an in-depth insight into some of the key principles and lines of activity on each of the areas mentioned.