Abstract
Sustainable entrepreneurship is seen today as a cultural and economic phenomenon. Sustainable entrepreneurship through the creation of new businesses that produce new products and services, and thereby ensure public needs, creates new jobs and contributes to the overall economic stimulus and community quality of life, balancing economic gain, regional development needs and environmental issues. Particular attention is given in recent years, to youth entrepreneurship, believing that young people have a lot of potential to create, develop and manage their own businesses, thereby contributing to a variety of social problems such as youth unemployment and unemployment in general, the involvement of anti-social activities, lack of employment to etc. Sustainable youth entrepreneurship is not analyzed much in scientific literature. In the article is defined sustainable youth entrepreneurship, discussed the importance of youth entrepreneurship for sustainability in the context of globalization, provided model of sustainable youth entrepreneurship toward energy security.
Highlights
Changing society raises new demands as human way of life requires the ability to adapt to environmental changes taking place and actively participating in terms of sustainability
Sustainable entrepreneurship is the process of identifying and starting a new business venture, organizing and managing needed resources, thinking both risks and revenues related with the venture, while considering of how, by whom, and with what economic, psychological, social, and environmental consequences, the opportunities are discovered, created, and exploited to bring future goods and services into existence
Young people who start their own business, to develop their skills and knowledge to be able to self-manage their business ideas to implement it. Another important aspect is that promoting youth entrepreneurship, it is important to develop a culture of entrepreneurship, to form suitable for both young people and society in general provisions relating to the business, the business benefit to the community and society
Summary
Changing society raises new demands as human way of life requires the ability to adapt to environmental changes taking place and actively participating in terms of sustainability. It may be noted that life and communication goes beyond national borders - migration, globalization, international trade show that there are changes on human lives in a global society In nowadays society it is very significant new powers, such as entrepreneurship. Entrepreneurship involves various components, which allow young person actively engage in the processes taking place in society and contribute to its well-being Both Lithuania and the European Union has discussed ways of promoting youth entrepreneurship, in terms of what is necessary to ensure effective search for youth entrepreneurship models, development of strategies for both member states and the European Union. Youth entrepreneurship is related with human personal motivation to find and use possibilities to create new added value, successfully develop business that could be understood as conventional entrepreneurship, more focused to meet minimum socio-ecological conditions defined by policy and law. The article aims to define sustainable entrepreneurship and to make contribution to scientific literature, to define the model of sustainable youth entrepreneurship
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