Title: Critical success factors in the TBL concept of sustainable entrepreneurship

Authors: Theodore Tarnanidis; Jason Papathanasiou; Demetres Subeniotis

Addresses: Department of Business Administration, University of Macedonia, 156 Egnatia Street, 54006 Thessaloniki, Greece ' Department of Business Administration, University of Macedonia, 156 Egnatia Street, 54006 Thessaloniki, Greece ' Department of Business Administration, University of Macedonia, 156 Egnatia Street, 54006 Thessaloniki, Greece

Abstract: This research presents a generalised measurement model of sustainable entrepreneurship goals. It re-examines the approach for capturing and incorporating the triple bottom line concept (TBL) of economic, ecological and social goals. The literature overview has shown that research in the area of sustainable entrepreneurship is still growing, as there is a lack of research that sheds light on the elaboration of an aggregate measure. In doing so, we collected data from 150 Greek food companies by applying the method of structural equation modelling from different stakeholders. To that extent we utilised the fundamental scale development recommendations. We developed a parsimonious inventory of 12-itemed with four factors. The evolving contextualisation could serve as an initial starting point for venture capitalists to craft better entrepreneurial plans and managerial strategies.

Keywords: triple bottom line; TBL; structural equation modelling; SEM; sustainable entrepreneurship; critical success factors; CSFs; Greece; food industry; venture capital; sustainability.

DOI: 10.1504/IJDSS.2016.081734

International Journal of Decision Support Systems, 2016 Vol.2 No.1/2/3, pp.38 - 53

Received: 28 Nov 2015
Accepted: 07 Jan 2016
Published online: 24 Jan 2017 *

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