The CRITICAL SUCCESS FACTORS FOR SUSTAINABLE ENTREPRENEURSHIP IN CAMBODIA A CONCEPTUAL FRAMEWORK
Main Article Content
Abstract
This paper aims to examine relevant literatures to identify critical success factors for sustainable entrepreneurship in Cambodia and further develop a conceptual framework for future methodological research. This study begins with the review of literatures that outlined success factors for sustainable development before examining the critical success factors for sustainable entrepreneurship. A crucial finding from literature shows that there is inconsistency between the success factors for sustainable development and sustainable entrepreneurship despite some literatures identifying sustainable entrepreneurship as a business model being built based on the United Nation’s Sustainable Development Goals (SDG). The main sources of inconsistencies are the various stages of economic development and government policies across the countries being researched. Gaudemar (2016) mentioned despite having made progress in advancing development, Cambodia is unlikely to ‘graduate’ from its Least Developed Country (LDC) status till 2025 and beyond. There is probability that the framework will be a valuable tool for meticulous analysis and evaluation of critical success factors for sustainable entrepreneurship in Cambodia. The limitation of this study is that the model is purely conceptual and requires further validation with in-depth methodological research.
Downloads
Article Details

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
References
https://doi.org/10.1016/j.jbusvent.2021.106092.
Bexell, M. & Jönsson, K. (2017). Responsibility and the United Nations’ Sustainable Development Goals. Forum for Development Studies, 44, 13 - 29.
Boyer, D., Creech, H. & Paas, L. (2008). SEED Initiative and IISD, 2008: Report for SEED Initiative Research Programme: Critical success factors and performance measures for start-up social and environmental enterprises.
http://www.iisd.org/
Castellano, S., Khelladi, I. & Menvielle, L. (2017). Unveiling the sustainable facet of the conventional entrepreneur - A cognitive approach. International Journal of Entrepreneurship and Small Business, 31(3), 434–450.
Dai, Y., Abdul-Samad, Z., Chupradit, S., Nassani, A.A., Haffar, M. & Michel, M. (2021). Influence of CSR and leadership style on sustainable performance: moderating impact of sustainable entrepreneurship and mediating role of organizational commitment, Economic Research.
DOI: 10.1080/1331677X.2021.2007151.
Dean, T.J. & McMullen, J.S. (2005). Toward a theory of sustainable entrepreneurship: Reducing environmental degradation through entrepreneurial action. Journal of Business Venturing 22 (2007) 50 – 76, 53.
https://doi.org/10.1016/j.jbusvent.2005.09.003
Del Vecchio, P., Secundo, G., Mele, G. and Passiante, G. (2021). "Sustainable entrepreneurship education for circular economy: emerging perspectives in Europe", International Journal of Entrepreneurial Behavior & Research, Vol. 27 No. 8, pp. 2096-2124.
https://doi.org/10.1108/IJEBR-03-2021-0210
Dhahri, S., Slimani, S. & Omri, A. (2021). Behavioral entrepreneurship for achieving the sustainable development goals. Technological Forecasting and Social Change, Volume 165.
https://doi.org/10.1016/j.techfore.2020.120561.
Esmer, Y. & Dayi, F. (2018). Entrepreneurial Leadership: A Theoretical Framework.
DOI: 4.10.30798/makuiibf.332570.
Filser, M., Kraus, S., Tierno, N., Kailer, N., & Fischer, U. (2019). Entrepreneurship as Catalyst for Sustainable Development: Opening the Black Box. Sustainability, 4–5.
https://www.mdpi.com/2071-1050/11/16/4503
Gaudemar, M. (2016). Cambodia to remain among Least Developed Countries, for now, Phnom Penh Post
Gielnik, M.M., Frese, M., Kahara-Kawuki, A., Katono, I.W., Kyejjusa, S., Ngoma, M., Munene, J.C., Namatovu-Dawa, R., Nansubuga, F., Orobia, L.A., Oyugi, J.L., Sejjaaka, S.K., Sserwanga, A., Walter, T., Bischoff, K.M., & Dlugosch, T.J. (2015). Action and Action-Regulation in Entrepreneurship: Evaluating a Student Training for Promoting Entrepreneurship. Academy of Management Learning and Education, 14, 69-94.
Hopwood, B., Mellor, M. & O’Brien, G. (2005). Sustainable Development: Mapping Different Approaches. Sustainable Development, 13, 38-52.
https://doi.org/10.1002/sd.244
Hutt, D. (2019). How Cambodia Could Win a War on Plastics, The Diplomat.
http:// thediplomat.com/2019/02/how-cambodia-could-win-a-war-on-plastics/
Iqbal, Q., Ahmad, N.H. & Abdul Halim, H. (2020). How Does Sustainable Leadership Influence Sustainable Performance? Empirical Evidence from Selected ASEAN Countries. SAGE Open, Vol. 10, 4.
https://doi.org/10.1177/2158244020969394
İyigün, N.Ö. (2015). What could entrepreneurship do for sustainable development? A corporate social responsibility-based approach. Procedia-Social and Behavioral Sciences, 195, pp.1226-1231.
Kimuli, S.N., Sendawula, K. & Humphrey, M. (2021). Sustainable entrepreneurship of small businesses in Uganda: A confirmatory factor analysis. African Journal of Business Management.
Kummitha, H.R. & Kummitha, R.K. (2021). Sustainable entrepreneurship training: A study of motivational factors. The International Journal of Management Education, Volume 19, Issue 1.
https://doi.org/10.1016/j.ijme.2020.100449.
Lathabhavan, R. (2022). Sustainable business practices and challenges in Asia: a systematic review. International Journal of Organizational Analysis, Vol. 30 No. 3, pp. 778-794.
https://doi.org/10.1108/IJOA-04-2020-2121
Lloyd, P. & Lee, C. (2018). A Review of The Recent Literature of the Institutional Economics Analysis of the Long-Run Performance of Nations. Volume 32, Issue 1, pp 1-22.
Lyne, I. (2012). “Social Enterprise and Social Entrepreneurship as Models of Sustainability for Local NGO’s: Learning from Cambodia”, International Journal for Management Research, vol. 2, no. 1, pp. 1-6.
Mamun, A.A., Ibrahim, M.D., Yusoff, N.H. & Fazal, S.A. (2018). Entrepreneurial Leadership, Performance, and Sustainability of Micro-Enterprises in Malaysia: MDPI
Masciarelli, F. & Leonelli, S. (2020). Understanding Sustainable Entrepreneurship: Sustainable Entrepreneurship: How Entrepreneurs Create Value from Sustainable Opportunities (Entrepreneurial Behaviour Series), Emerald Publishing Limited, Bingley, pp. 13-31.
https://doi.org/10.1108/978-1-80043-147-820201003
Mueller, S. L. & Thomas, A. S. (2000). Culture and Entrepreneurial Potential: A Nine Country Study of Locus of Control and Innovativeness. Journal of Business Venturing, 16, 51-75.
Mupfasoni, B., Kessler, A. & Lans, T. (2018). Sustainable agricultural entrepreneurship in Burundi: drivers and outcomes. Journal of Small Business and Enterprise Development, 25(1):64-80.
Nhemachena, C. & Murimbika, M. (2018). Motivations of sustainable entrepreneurship and their impact of enterprise performance in Gauteng province, South Africa. Business Strategy and Development, 1(2), 115–127.
Nnabuife E. K. & Onwuzuligbo, L.T. (2015). Sustainability and Corporate Longevity of Firms in Nigeria: A Study of Selected Firms. Journal of Economics and Sustainable Development.
www.iiste.org ISSN 2222-1700 (Paper) ISSN 2222-2855 (Online) Vol.6, No.18, 2015
Parrish, B. (2010). Sustainability-driven Entrepreneurship: Principles of Organization Design. Journal of Business Venturing. 25. 510-523.
DOI: 10.1016/j.jbusvent.2009.05.005.
Schaltegger, S. & Wagner, M. (2011). Sustainable entrepreneurship, and sustainability innovation: Categories and interactions. Bus. Strategy Environ. 20, 222–237.
Shepherd, D. & Patzelt, H. (2011). The New Field of Sustainable Entrepreneurship: Studying Entrepreneurial Action Linking “What is to be Sustained” with “What is to be Developed” Entrepreneurship Theory and Practice, 35(1), pp.137-163.
Silvestre, B.S. & Ţîrcă, D.M. (2019). Innovations for sustainable development: Moving toward a sustainable future. Journal of Cleaner Production, Volume 208, Pages 325-332.
https://doi.org/10.1016/j.jclepro.2018.09.244.
Sithambalam, Y. (2021). Social Entrepreneurship in Cambodia: Perspectives and Challenges. Proceedings of the 16th European Conference on Innovation and Entrepreneurship, Portugal, Vol. 2, pp. 920-928.
DOI: 10.34190/EIE.21.242
Spence, M., Ben Boubaker Gherib, J., & Biwol´e, V. O. (2011). Sustainable entrepreneurship: Is entrepreneurial will enough? A north-south comparison. Journal of Business Ethics, 99(3), 335–367.
Squires, A., Faan, R.N., Sadarangani, T. & Jones, S. (2019). Strategies for overcoming language barriers in research, vol 76 Issue 2
https://doi.org/10.1111/jan.14007
Support Sustainable Development and Climate Action. (2019). United Nations. https://www.un.org/en/our-work/support-sustainable-development-and-climate-action
Tarnanidis, T., Papathanasiou, J. & Subeniotis, D. (2016). Critical success factors in the TBL concept of sustainable entrepreneurship. International Journal of Decision Support Systems. 2. 38. DOI:10.1504/IJDSS.2016.081734.
Yeung, S. (2019). UNSDGs and future quality management - Social policy for developing sustainable development mindset. Corporate Governance and Sustainability Review. 3. 26-34. DOI:10.22495/cgsrv3i2p3.
Zala, Elena. (2021). The role of leadership in reaching sustainable development goals among start-ups. Master of Business Administration Thesis
FULLTEXT01.pdf (diva-portal.org)
Zu, L. (2019). Purpose-driven leadership for sustainable business: From the Perspective of Taoism. International Journal of Corporate Soc Responsibility 4, 3.
https://doi.org/10.1186/s40991-019-0041-z