Table of Contents

A Psychological Approach to Entrepreneurship

A Psychological Approach to Entrepreneurship

Selected Essays of Dean A. Shepherd

Dean A. Shepherd

Within an entrepreneurial context, what a person thinks and feels and how they behave are hugely consequential. Entrepreneurs often work in scenarios of considerable time pressure, task complexity, uncertainty and high performance variance. This fascinating volume explores the unique psychological qualities of individuals directly involved in the entrepreneurial process.

Chapter 3: The New Field of Sustainable Entrepreneurship: Studying Entrepreneurial Action Linking “What Is to Be Sustained” With “What Is to Be Developed”

Dean A. Shepherd and Holger Patzelt

Subjects: business and management, entrepreneurship


Sustainable development is perhaps the most prominent topic of our time. Commonplace are reports of ozone depletion, climate change, and destruction of biodiversity that demonstrate the negative and potentially deadly consequences these processes have for living species (e.g., IPCC, 2007; UNEP, 2004). However, scholars have claimed that entrepreneurial action can preserve ecosystems, counteract climate change, reduce environmental degradation and deforestation, improve agricultural practices and freshwater supply, and maintain biodiversity (e.g., Cohen & Winn, 2007; Dean & McMullen, 2007). Moreover, such actions can, particularly in developing countries, enhance education, productivity, socioeconomic status, physical health, and self-reliance of individuals and societies (e.g., Wheeleretal., 2005). Last but not least, there are numerous examples of where entrepreneurial action creates economic gains for investors, entrepreneurs, and economies (e.g., Easterly, 2006). Sustainable entrepreneurship research is needed to explore the role of entrepreneurial action as a mechanism for sustaining nature and ecosystems while providing economic and non-economic gains for investors, entrepreneurs, and societies.

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