Principles Of Entrepreneurship Research Articles

A systematic mapping of social entrepreneurship education: A call for increased collaboration, ethics, and research frameworks

PurposeThis study aims to provide a comprehensive overview of Social Entrepreneurship Education (SEE) by examining the evolution, current state, and future research directions. It seeks to identify key themes, best practices, and the integration of social entrepreneurship principles within educational frameworks. MethodologyThe research uses a systematic mapping approach incorporating bibliometric citation and content analysis to analyze 161 articles from 2002 to 2021, identifying trends, themes, and gaps in SEE literature. FindingsThe results reveal three main clusters of research areas: integrating social entrepreneurship principles into educational models, social entrepreneurship intentions and antecedents, and challenges and competencies development in SEE. A taxonomy scheme for categorizing SEE research is proposed, enhancing understanding through six prepositions and 18 possible future research inquiries. ImplicationsThis classification system provides a comprehensive overview of SEE, promoting global collaboration and innovative teaching methodologies. It encourages a holistic approach to educational programs, using visualizations and maps for policy enactment. OriginalityThis paper enhances SEE understanding through a taxonomy scheme, addresses review fragmentation, and provides a consolidated framework highlighting educational, theoretical, and methodological gaps, setting a comprehensive research agenda.

Empowering Innovation: A Comprehensive Perspective on Muslim Business Ownership

In an increasingly vigorous business world religion and culture are influential factors in business development. Islam is the second largest religion so there is a dire need to present a holistic picture of the Islamic perspective of entrepreneurship. This paper demonstrates the Islamic principles of entrepreneurship and Islamic entrepreneurial ethics by utilizing the Quran, Hadith, and other available literature. The primary goal of this paper is to unravel the approach of Islam as a religion towards business activity and entrepreneurial activity. In addition, this paper focuses on how Islam as a religion affects entrepreneurial activity from micro to macro levels. The major themes of the study are halal, haram, taqwa, utilization of resources, business financing, and social and entrepreneurial responsibilities. In conclusion, the study regards Islam as an entrepreneurial religion. Topics for further recommendation are also given at the end for future researchers.

The Disruptive Innovation and Entrepreneurship Education: The Literature Review and Current Practices

Entrepreneurship education is changing dramatically due to rapid technological advancements and transformative business models. This study investigates the interactions and implications of existing frameworks and practices that link disruptive innovation with entrepreneurship education. The research employs a comprehensive literature review from 2019 to 2023, to synthesize detailed analyses for investigating the interplay of these concepts. Entrepreneurship education fosters the ability to recognize and capitalize on innovative opportunities, whereas disruptive innovation emphasizes value creation through norm-breaking when aligned with entrepreneurial principles. Effective entrepreneurship education can drive new businesses and revitalize existing ones by enabling individuals to capitalize on disruptive breakthroughs. However, incorporating disruptive innovation into courses is challenging. Traditional education may fail to capture the dynamic nature of disruptive innovation, and risk-averse academic environments may stifle experimentation. Innovative teaching methods that balance basic business concepts with disruptive thinking are essential. Finally, a new generation of entrepreneurs can be developed by combining disruptive innovation and entrepreneurship education. Individuals can capitalize on opportunities for economic growth by infusing programmers with disruptive principles. The study identifies five key components of convergence: (i) technology-enabled virtual learning environments (VLEs), (ii) online distance learning (ODL), (iii) digitalization in entrepreneurship education, (iv) competency-based education (CBE) that fosters Business Model Innovation, and (v) experience-based learning in entrepreneurial education. This paper examines the role of disruptive innovation in entrepreneurial education, proposing research directions and highlighting unresolved areas for investigation.
 Keywords: business model, disruptive innovation, entrepreneurship education, technology, online distance learning

Formation of Social Entrepreneurship Character through Buddhist Entrepreneurship Courses

This research aims to explore the impact of Buddhist entrepreneurship courses in forming the social entrepreneurial character of Samanera at STAB Kertarajasa. The research method used is a qualitative approach with in-depth interview techniques and participatory observation of the novices who took the course. The research results show that Buddhist entrepreneurship courses provide a deep understanding of entrepreneurial principles based on Buddhist values, such as karma, seva, and alignment with the common good. This learning helps Samanera to develop social entrepreneurship characters, such as empathy, social sensitivity, collaboration and creativity in creating solutions to social problems. The implication of this research is the importance of integrating religious or spiritual values ​​in entrepreneurship education to form a more holistic and sustainable character in business practice.

Innovative Extracurricular Student Engagement: The Community Problem Solving Challenge

The Community Problem Solving Challenge Program is an innovative extracurricular learning program that engages university students with high school students from inner city, economically distressed neighborhoods to develop entrepreneurial solutions for complex socio-economic problems identified by community leaders. Examples of problems addressed by students in the past include drug use among students and members of the community, the transition of incarcerated population to civil society, food deserts, and mobility. This program overcomes the limitations of the outsider-driven top-down model of community development. In this instance, community “insiders”—the high school students—collaborate with “outsiders”—the university students—to develop entrepreneurial solutions to live problems in their communities. The program illustrates how activities designed using entrepreneurship pedagogy theories can provide engaging, enriching, and effective outcomes. The program benefits all stakeholders participating in it. For example, high school students develop an entrepreneurial mindset, learn entrepreneurship principles by application of frameworks to real-world problems, achieve self-efficacy as they discover that they have agency to transform their communities, and by bringing together community leaders, faculty, college, and high school students the program fosters networks, that according to student feedback, increases the likelihood of the high school participants pursuing a college degree. This paper elaborates on the impact for all stakeholders.

Трансформация системы стратегических коммуникаций предприятий легкой промышленности и индустрии моды

The fashion industry has to update collections extremely fast, which leads to resource depletion in the absence of demand. Moreover, environmentally-aware consumers tend to associate this accelerated production cycle with environmental pollution. As a result, the growing public interest in green materials and lean manufacturing increases the popularity of brands that are associated with sustainable business practices. The relevance of the topic is due to the fact that the strategic communications system is also a subject to qualitative changes brought about by new trends and patterns. If a fashion enterprise changes its principles, philosophy, ideology, and strategic priorities in the context of environmental transformations, customers should be made aware of these changes. Strategic communications and their transformations in the TFC industry remain largely understudied. The author identified the current working tools of the strategic communications system that could provide effective long-term development in the fashion industry. The research relied on the theory and methodology of strategizing developed by Professor V.L. Kvint, Dr.Sc.(Econ.), Foreign Member of the Russian Academy of Sciences. Such standard methods as analysis, synthesis, generalization, abstraction, and benchmarking made it possible to reveal the key strategic trends and patterns that shape the contemporary strategic principles of entrepreneurship in the TFC industry. The resulting updated system of strategic communications is effective in bringing across new values to fashion consumers.

Stimulasi Perkembangan Karakter dan Kemandirian Anak Usia Dini Melalui Kegiatan Entrepreneurship di TK Adni Islamic School Surabaya

Stimulating Character Development and Independence in Early Childhood Through Entrepreneurship Activities at ADNI Islamic School Surabaya Kindergarten discusses the implementation of stimulating character development and independence in early childhood through Entrepreneurship activities at ADNI Islamic School Kindergarten Surabaya. This Entrepreneurship activity aims to stimulate positive character development and increase children's independence from an early age. By exploring business concepts practically, children are invited to develop creativity, critical thinking, perseverance and collaborate with each other. This research illustrates how the ADNI Islamic School Surabaya Kindergarten integrates the principles of Entrepreneurship into the curriculum, providing a learning experience that is more than just theory. Interactive and inclusive learning methods help children understand business values, responsibility and teamwork. The results of this program are expected to create children who not only have practical knowledge in business, but also foster positive attitudes, such as courage, perseverance, never giving up, and a responsible attitude. By utilizing Entrepreneurship activities as a means of stimulating character development and independence, research This notes the positive impact of this program on the formation of children's independent personalities. Analysis of research results and observations presents a clear picture of how these activities respond to the developmental needs of early childhood. Therefore, this research provides valuable insights for educators, parents and educational practitioners who are interested in developing comprehensive and relevant educational models to shape children's character and independence from an early age.

Developing publishing industry in Turkestan at the turn of the 20<sup>th</sup> century

The authors attempt the comprehensive study of developing publishing industry in the Turkestan region after accession to the Russian Empire in the second half of the 19-th century. The study is based on the periodicals, research papers, archival materials related to the period under study. The authors summarize information on the first printing houses, bookstores and their owners in the materials available from the rare book and manuscript collections of the National Library of Uzbekistan, the Fundamental Library of the Academy of Sciences of the Republic of Uzbekistan, and the Central State Archive of the Republic of Uzbekistan. The authors emphasize that despite private publishing houses and printing houses were then established in Turkestan, the book publications by government institutions, departments, scientific and cultural societies prevailed. The authors conclude that the enhancement of the publishing industry in the end of the 19-th century was stipulated by the increasing population demand for printed products, as well as by the increasing demand for printed advertising products owing to the growth of industry and trade. The authors describe the evolution of the book distribution system within the socio-economic and cultural processes in the regional in society. The authors argue that the book distribution in the region combined with the principles of entrepreneurship and enlightenment, while the involvement of the regional administration in the management of this industry was insignificant.

The perception of non-economics and business major students towards the compulsory entrepreneurship course: Have the learning outcomes of the course been achieved?

Entrepreneurship contributes to economic growth, making it an important factor in advancing society and the economy in the present time. The significance of innovation and entrepreneurship in the current era necessitates that the younger generation understands the subject. This understanding can be achieved through entrepreneurship courses offered in higher education. Based on this, several universities have implemented policies that make entrepreneurship courses mandatory for all students. This research aims to explore in-depth the perception of students, specifically those not majoring in economics, management, business, or social sciences, regarding the entrepreneurship course and the university policy regarding the requirement to take it. The study adopts a qualitative approach using focus group discussion (FGD). The researcher, along with five students from the same university, discusses the learning outcomes of the Innovation and Entrepreneurship course and the university policy regarding the mandatory nature of the course. The FGD generates several points related to the learning outcomes of the course. These include students' ability to comprehend the concepts and principles of entrepreneurship, their ability to generate ideas for business creation, their capacity to develop innovative business plans, and the appropriateness of making the Innovation and Entrepreneurship course mandatory as it benefits all students, including those not majoring in economics, management, business, or social sciences.

Implementation of Digital Entrepreneurs in Determining Tourism Village in Indonesia (Systematic Literature Review)

Digitalization by enterprises can improve production efficiency, processing, logistics, and adoption of new technologies so that technology integration enables the utilization of local and global economies and enterprise-level business models to be more productive and sustainable. The application of digital entrepreneurship principles is also carried out in determining tourism destinations in Indonesia. The purpose of this study is to look at a piece of writing about how to identify tourist villages through digital entrepreneurship. The source of the data was a compilation of publications that were published in reputable international scientific journals. This study's foundation is a series of inquiries, What topic is being discussed the most when it comes to tourist villages and digital entrepreneurship? The results showed that technology adoption, entrepreneurial attitude and the uniqueness of an object are factors that influence the formation of tourist villages. Technology adoption is the use of digital technology to inform the uniqueness of an object so as to encourage people to visit.

Analysis of the Factors Affecting Innovation and Entrepreneurship of College Students Based on TRIZ Theory

Abstract This paper aims to analyze the influencing factors of innovation and entrepreneurship of college students. By studying the framework of the TRIZ theory system, this paper summarizes the common principles of entrepreneurship, realizes the construction of a conflict matrix, establishes entrepreneurship evaluation indexes, and determines the weights of evaluation indexes by constructing a judgment matrix. Then, based on the theory, the influence of each factor on the innovation and entrepreneurship of college students is analyzed in terms of participation status, main obstacle factors, personal trait influence, market influence, and social and governmental support. As for the influence of main external factors, 43.57% of students chose “shortage of funds for innovation and entrepreneurship”, 42.04% of students chose “lack of creativity and cannot find a good direction for innovation and entrepreneurship”, 37.45% of students choose 37.45% of students chose “lack of good innovation and entrepreneurship projects and innovative teams”. In terms of personal traits, innovative thinking, stress resistance, social experience, leadership and coordination, risk tolerance, self-efficacy, and self-drive all affect the decision and effect of entrepreneurship. Support from the government and society is also beneficial for college students to carry out entrepreneurial activities. Innovative entrepreneurial ability is a comprehensive ability influenced by multiple factors and needs to be considered comprehensively in the analysis.

Teaching Principles of Medical Innovation and Entrepreneurship Through Hackathons: Case Study and Qualitative Analysis.

Innovation and entrepreneurship training are increasingly recognized as being important in medical education. However, the lack of faculty comfort with the instruction of these concepts as well as limited scholarly recognition for this work has limited the implementation of curricula focused on these skills. Furthermore, this lack of familiarity limits the inclusion of practicing physicians in health care innovation, where their experience is valuable. Hackathons are intense innovation competitions that use gamification principles to increase comfort with creative thinking, problem-solving, and interpersonal collaboration, but they require further exploration in medical innovation. To address this, we aimed to design, implement, and evaluate a health care hackathon with 2 main goals: to improve emergency physician familiarity with the principles of health care innovation and entrepreneurship and to develop innovative solutions to 3 discrete problems facing emergency medicine physicians and patients. We used previously described practices for conducting hackathons to develop and implement our hackathon (HackED!). We partnered with the American College of Emergency Physicians, the Stanford School of Biodesign, and the Institute of Design at Stanford (d.school) to lend institutional support and expertise in health care innovation to our event. We determined a location, time frame, and logistics for the competition and settled on 3 use cases for teams to work on. We planned to explore the learning experience of participants within a pragmatic paradigm and complete an abductive thematic analysis using data from a variety of sources. HackED! took place from October 1-3, 2022. In all, 3 teams developed novel solutions to each of the use cases. Our investigation into the educational experience of participants suggested that the event was valuable and uncovered themes suggesting that the learning experience could be understood within a framework from entrepreneurship education not previously described in relation to hackathons. Health care hackathons appear to be a viable method of increasing physician experience with innovation and entrepreneurship principles and addressing complex problems in health care. Hackathons should be considered as part of educational programs that focus on these concepts.

Boosting circular economy via the b-corporation roads. The effect of the entrepreneurial culture and exogenous factors on sustainability performance

The study aims to analyze the role of informal institutions of Circular Economy (CE) as exogenous factors of improving the effectiveness of Benefit Corporation’ model. In detail, leveraging on the institution theoretical framework, it hypothesized that the level of entrepreneurial culture linked to CE at national level has a positive effect on the sustainability performance towards CE of Benefit Corporations. To this end, a sample of 301 Certified Benefit Corporations collected from the B-Lab dataset for the period 2008–2016 and located in eight European countries (Belgium, Denmark, France, Germany, Italy, Netherlands, Spain, United Kingdom) has been analysed. The findings show that the informal institutions englobed in the cultural dimensions of a country, with specific regard to the role of the entrepreneurial culture related to the CE, seems to actively stimulates the sustainability performance of Benefit Corporations towards CE, as measured through the B-Impact Assessment Score of the operated by B-Lab. The study provides some important implications for theory and practice. Indeed, it contributes to the literature on institutional theory applied to CE, revealing the effective role of informal institutions for the development of circularity and sustainability performance at firm level in the entrepreneurial ecosystem. Also, the full achievement of the sustainability goals of Benefit Corporations passes also through their strongly commitment towards the CE principles. Further, the incorporation of a culture characterized by high entrepreneurial principles towards CE will likely push individuals to build an entrepreneurial mindset for the effective and sustainable development of Benefit Corporations.

IMPLEMENTATION OF ENTREPRENEURSHIP-BASED GOVERNMENT IN THE LOCAL GOVERNMENT: CASE STUDY IN KEBUMEN, INDONESIA

Being an adaptive and responsive bureaucratic apparatus in serving the community is something that absolutely must be done. A proactive attitude towards the progress and development of community life must also be possessed by the bureaucratic apparatus as a public servant. Therefore, the bureaucratic apparatus is required to have an entrepreneurial spirit (entrepreneurial bureaucracy). This study aims to find out how to entrepreneurship the local government bureaucracy in Kebumen Regency and to find out how the implementation of entrepreneurship in the bureaucracy is as a transformation of the entrepreneurial spirit in the public sector, as well as what are the problems faced in entrepreneurship bureaucracy in the Kebumen Regency Government. This study uses a qualitative approach, which is trying to get as complete information as possible about how to apply entrepreneurial principles to the bureaucracy through in-depth interviews. The writing is focused on issues related to the transformation of entrepreneurship in the bureaucracy in the local government of Kebumen Regency. The research subjects were the researchers themselves, while the informants used to collect data through interviews consisted of elements of the local government of Kebumen Regency. Based on the results of the research conducted, the concept of entrepreneurship of the Kebumen Regency Government bureaucracy through the principles of bureaucratic entrepreneurship has been carried out by various public service agencies. The principle of bureaucratic entrepreneurship is characterized by several things, namely: professional, innovative, effectiveness, efficiency, productivity and customer oriented.Keywords: adaptive, entrepreneurial bureaucracy, good corporate governance, responsive

Pengembangan video animasi pembelajaran matematika berbasis nilai-nilai kewirausahaan di sekolah dasar

Increasing entrepreneurial values in practice needs to be supported by good learning media. This project is intended to create animated video media for learning mathematics based on entrepreneurial principles for second graders of elementary school. The research employed Research and Development (R&D) develoipmental model by using the ADDIE method. Two media experts, two material experts, and one linguist expert served as the research subjects. User responses from the results of the implementation consisted of 2nd grade homeroom teachers and 38 students in 2nd grade of SD Negeri 8 Air Gegas in South Bangka. The data collection method employed questionnaires and observation as the instrument of the research. An average rating of 90.2% from media professionals was reached after considering the opinions of material specialists, linguists, and media experts. Based on the assessment of media experts, material experts, and linguists, an average percentage of media experts' assessment of 90.2% with very appropriate criteria, 82.5% of material experts with very feasible criteria, and 88.4% of linguists with very feasible criteria was obtained. Based on the responses of students and teachers, it was obtained an average percentage of students' assessment of 95% with very practical criteria and 89.4% of teachers with very practical criteria. While the results of the post test obtained an average percentage of 86.2% with very effective criteria. This research drew the conclusion that the media produced using the Animaker software is very feasible and practical to be implemented in learning and is effective in efforts to increase entrepreneurial values in students. The research suggested that the media can be used by teachers in the learning process by paying attention to other supporting facilities, while in further research to be able to measure the implementation of this media over a longer period of time using learning outcomes instruments.

Social Entrepreneurship in Higher Education Institutions in Malaysia: Conceptual Framework

The implementation of educational policies is often related to entrepreneurs. Social entrepreneurship policies have become the newest phenomenon in Malaysia in the country's attempts to reduce and eradicate poverty. Until today, there is limited knowledge on how social entrepreneurship can become a catalyst for a community's economic advancement and closing the social gaps within the society. This paper aims to explain further and provide knowledge regarding social entrepreneurship as a strategy to enhance national higher education policies. Through extensive literature analysis, social entrepreneurship is placed within the context of higher education institutions in implementing ethical and moral values. This conceptual framework encompasses the concept of economic development, social development of a community, social entrepreneurship principles, the less fortunate, and the role of the suggested higher education institution. This paper will contribute to future literature regarding social entrepreneurship and can help the entrepreneurial system as they establish social enterprises based on real solutions for communities. The results of this research are expected to assist various parties, such as academics, policymakers, social entrepreneurs, government and private companies, and the community, in better understanding social entrepreneurship. It will also spread the impact of social entrepreneurship into the existing social entrepreneurial education system in Malaysia. Therefore, the discussions around the social entrepreneurship model will measure whether social entrepreneurship has been carried out to its fullest according to the fundamental concept of overcoming and helping solve social problems, exceptionally the less fortunate.

Analysis of Potential Research Topics for Entrepreneurial Factors and Sustainability using Bibliometric Study

Sustainability is a topic that is currently the focus of researchers because it is related to human interaction with the environment to maintain resource sustainability. Human activities can cause environmental degradation. One way to minimize this is to apply the principles of entrepreneurship. The importance of principles and the identification of entrepreneurial factors to implement sustainability is a research opportunity that still needs improvement. By using bibliometrics analysis using R tools, this study seeks to identify research gaps and potential topics for future research related to entrepreneurial factors and sustainability. Research and content-based analysis were conducted on 95 articles obtained from Scopus. The research results have identified constructs and methods that can become potential topics for future entrepreneurs and sustainability researchers. In addition, the results of this study identify that research related to the topic of entrepreneurship and sustainability in developing countries still needs to be developed. This research theoretically enriches knowledge related to bibliometric analysis in entrepreneurship and sustainability. Furthermore, this research guides other researchers in the field of entrepreneurship and sustainability in determining the constructs and research methods.

Kuiki Credit: scaling innovation in a growing fintech startup

Learning outcomes Following successful discussion of this case, students should be able to:▪ understand and apply the principles of effectuation;▪ understand the difficulty of obtaining traditional financing in Latin America;▪ determine the importance of matching new hire and company values, particularly in a small business; and▪ analyze some of the unique problems facing a business at the point of scaling up and provide suggestions for how the protagonist could address those problems. Case overview/synopsis This case provides an introduction to the Fintech industry in South and Central America, fruitfully combining tenets of the lean startup methodology, effectual principles of entrepreneurship and a novel method of managing personal finances via decentralized vehicles provided through fintech. In addition, Kuiki Credit and its use of fintech represent a compelling example of industry disruption by an entrepreneurial firm. Owing to its unique location, this case provides students with a lens into a part of the world rife with bureaucracy and, in some cases, corruption. The disruption is thus unique in that not only does one view traditional disruption of industry dynamics, but also government policy and cultural mores. This is evinced within the body of the case through direct quotes from founder Ernesto Leal and Eduardo Morán, one of the company’s first employees. This information highlights the market Kuiki Credit pursued, one underserved by traditional financing and thus lacking access to credit.Consistent with effectual entrepreneurship principles, Ernesto Leal, the main protagonist and a Nicaraguan entrepreneur, drew upon his significant corporate experience in financial institutions and as a franchise owner to create a new venture. Kuiki Credit is designed to increase access to capital and disseminate fintech throughout Central and South America, and in particular first in Costa Rica and later in Nicaragua. The case is set in 2018, when Leal faces a scaling issue. Specifically, he wonders how to maintain an entrepreneurial company with high levels of innovation and a culture of continuous improvement despite the need to grow. Near the end of the case, some specific issues relative to culture are briefly reviewed in relation to the sales department and Leal feeling the need to restructure the company, while being encouraged by the board to hit breakeven targets for three consecutive months prior to expanding to new markets. Complexity academic level This case most appropriately lends itself to discussions in entrepreneurship at the junior or senior undergraduate level. To engage in this case most productively, students should have a basic understanding of entrepreneurship, the equivalent of two to three weeks into the semester. Supplementary materials Teaching notes are available for educators only. Subject code CSS:3: Entrepreneurship.

EFEKTIFITAS PENGGUNAAN LAPORAN KEUANGAN SEDERHANA BAGI PEDAGANG KAKI LIMA PASAR TRADISIONAL KOTA PARIAMAN

One of the causes of the lack knowledge of street vendors is the low level financial literacy. On the other hand, financial literacy is one of the key principles of entrepreneurship that will assist in making decisions and carrying out activities that have financial consequences. When the financial literacy of street vendors is low, this will be a barrier in achieving business success considering that street vendors operate in a dynamic and complex environment. Most of the problems faced by business actors are related to financial statements that are not clear and do not even have financial statements. Therefore, we must prepare maximum accounting concepts for street vendors so that they are easy to understand and can be applied to managed businesses. Financial reports in traditional markets are dominated by traders who have quite large businesses. So in this study, the researchers tried to provide an effective use of simple books (simple financial statements) for street vendors in traditional markets in order to determine the net profit earned in one period. The method used in this research is descriptive quantitative. The study used a Pre-Experimental design, namely One-Group Pretest-Posttest Design. This research only involved 1 experimental group without a control group. This design compares the situation before and after being treated with the use of simple books (simple financial statements) to see net income. Data collection techniques used are questionnaires, interviews, and documentation studies. While the data analysis technique used will be descriptive statistical analysis which refers to the existing interval values to measure effectiveness and describe the results of these measurements. From the results of data analysis calculated based on each indicator, it is obtained; First, it can be understood to obtain 3.168. Second, Relevance got 3,196. Third, Reliability got 3,172. Fourth, comparability obtained 3.172. From some of these indicators, the average variable is 3,177 which is in the interval value of 2.45 - 3.2 and shows effectiveness. So, the conclusion of this study is that the use of Simple Financial Statements for Street Vendors in Pariaman Traditional Markets has been effective.Keywords: Effectiveness, Financial Report

Achieving Sustainable Development in Respective County Governments in Kenya Through Market Failures and Sustainable Business Entrepreneurship Initiatives

Devolution has been considered as a key pillar of the Constitution of Kenya since the concept seeks to bring governance closer to the people. In line with the Constitution of Kenya 2010 county governments are now at the centre of dispersing political power and economic resources to specific communities. The Principles that underpin devolution in Kenya are that County governments established under the Constitution shall have reliable sources of revenue to enable them govern and deliver services effectively. This study seeks to examine how the principles of entrepreneurship and the issue of market failures can be harnessed by county governments to improve the economic wellbeing in their respective communities. On one hand, environmental economists argue that market failures bring about environmental degradation while on the other hand available literature on entrepreneurship argues that business opportunities arise from market failures. Environmental entrepreneurship details how entrepreneurs seize opportunities that arise from environmentally relevant market failures in order to succeed. Entrepreneurship literature therefore analyses how environmentally relevant market failures may represent opportunities for the achievement of business profitability. This being the case, then businesses can use part of the profits earned for corporate social responsibility in order to reduce environmental degrading economic behaviours. When there are increases in the quality of life and economic growth, there will be substantial negative effects on the natural environment which will diminish the sustainability of most economic systems. This conceptual paper looks at the entrepreneurship as a concept that can be applied in the management of community resources in order to achieve sustainable development and improve the welfare of its citizens. The paper recommends that the administration of county governments in Kenya need to study the environmental failures in their areas of jurisdiction to institute studies on how these failures can be utilised as opportunities for the improvement of the economic wellbeing of the citizens. In order to do these, entrepreneurship concept will become very handy in the said studies.