Modern entrepreneurship has created a significant role by expanding the
economic development and growth by creating new business, contributing to
national development, and lastly by creating social changes. Based on my own definition, modern entrepreneurships are likely more on dealing with risks in succession to certain goal or achievement. One of the long-term effect contributions that entrepreneurship has done is by generating new employment by giving them opportunities and to increase the economic performance by adding new products based on their own creations. Entrepreneurs are not only for themselves; it is also for the sake of other entrepreneurs or employees to make some opportunities for them to grow by passing it from others or more likely inheritance to inheritance. One of the reasons I think why some entrepreneurs have different preferences from their choices, are sometimes because of their own personal decision and financial management. Some does have the capabilities to work individually or from the scratch, some decided to work by deciding to have with their family for efficient and life saving cost from some expenses, some do partnerships so they can cooperate and distribute equally or based on their contract how they will manage the cost, and lastly by buying some existing business to make it more profitable to them and no competitors. No, for me, Industrial age really help increasing the economic growth, but it is not sustainable. The only vital part that Industrial Age created is increasing the machinery and labors, but it also affects the current environment of surroundings which might cause greatly to some people and to the world itself. For me, it not only helps the small time businesses but it also helps the surrounding environment to breathe and it might be use as a way to attract some tourist people and make it more profitable by not adding some heavy machineries in some areas. It helps to sustain the economy by not affecting the environment by using the surroundings to attract some people for them to use as a new business idea. One of the other ways or indicators that can be used to evaluate a company’s sustainability are corporate sustainability reporting (CSR) by annually reporting their actions and results, Global Green Economy Index (GGEI) it measures the green economy performance of 130 countries and how some professionals rate their performances. There are many varieties of another way to indicate to evaluate company’s sustainability, but the TBL is the most balance one and the most fair to assess the evaluation of some certain companies.
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