Document Type : ORIGINAL RESEARCH ARTICLE

Authors

• K. Ravindran ¹
• A.C. Chandan ¹
• D. Sivakumar ²
• S.B. Inayath Ahamed ³
• T. Dhanabalan ¹
• V. Kumaresan ⁴

¹ Presidency Business School, Presidency College (Autonomous), Bangalore 560024, Karnataka, India

² Department of Agricultural Engineering, Kalasalingam Academy of Research and Education, Krishankoil 626126, Srivilliputhur, Tamil Nadu, India

³ Kalasalingam Business School, Kalasalingam Academy of Research and Education, Krishankoil 626126, Srivilliputhur, Tamil Nadu, India

⁴ Department of Management, Knowledge Institute of Technology, Salem 637504, Tamil Nadu, India

Abstract

Background and Objectives: The nation's urban sector has experienced significant changes since industrialization, both in terms of growth and improvement in terms of creating jobs and the depletion of natural resources. The development and destruction are commendable and need mention and attention. These days, issues such as environmental degradation, the wealth gap, and unequal access to opportunities and resources are increasing. These concerns have increased the need for urban management through sustainable and planned development. The development cannot be sustained unless the depletion is controlled and taken care of. The current study focused on how urban regions have changed and how sustainable development helps cope with the changes. Furthermore, the study focused on enhancing the well-being of urban communities and promoting inclusivity to develop sustainable businesses that are economically sustainable in the long run. The novelty of the study is that explores how sustainable development can mitigate the impacts of urban change and enhance community well-being and inclusivity.
Methods: Quantitative methodologies, such as surveys and statistical analyses, may have shed light on the broader impact of sustainable business practices on urban development. To complement these findings, qualitative case studies and interviews could have fostered deeper insights into specific initiatives and the perspectives of entrepreneurs navigating this landscape. A mixed-methods approach, weaving together quantitative trends with rich qualitative narratives, would have further enriched the understanding of motivations and challenges encountered. Ultimately, regardless of the specific methodologies employed, this research likely aimed to achieve a holistic understanding of the intricate connections between urban management, sustainable business practices, and the innovative spirit of entrepreneurs driving change in India. In this study, the researcher used regression analysis and factor analysis to achieve the research objectives.
Findings:The entrepreneurs examined in the study exhibited a proactive stance towards critical aspects of sustainable business, notably waste management, energy efficiency, and resource optimization. The study identifies significant associations between key variables and sustainable urban development. Urban management demonstrates a positive impact (B = 1.286, SE = 0.621, Beta = 0.116, T = 2.071, P = 0.0039), highlighting its crucial role in shaping sustainable practices. Sustainable practices, in turn, exhibit a strong positive correlation (B = 1.088, SE = 0.257, Beta = 0.238, T = 4.242, P = 0.0001), indicating their pivotal role in driving urban development towards sustainability. These findings underscore the importance of integrating effective urban management strategies and sustainable practices to foster inclusive and resilient urban communities.
Conclusion: The findings provide the government with all the criteria essential for a valid approach to the sustainable development of the urban regions of the country and provide the appropriate balance between growth and development. The researcher recommended that creating supportive policies and incentives, investing in green infrastructure, supporting local entrepreneurship ecosystems, collecting and sharing data, and promoting community engagement are requirements for urban management. In addition, recommended that focusing on triple bottom line impact, collaborating with other stakeholders, Innovating and adapting, communicating transparently, and advocating for change are required for Sustainable Businesses by Entrepreneurs.

Graphical Abstract

Keywords

• Entrepreneurs
• Factor analysis
• Mixed-method approach
• Regression analysis
• Sustainable urban practices

Main Subjects

• Urban ecology and related environmental concerns

OPEN ACCESS

©2024 The author(s). This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. The images or other third-party material in this article are included in the article’s Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this license, visit: 

http://creativecommons.org/licenses/by/4.0/ 

PUBLISHER NOTE

Tehran Urban Research and Planning Center Publisher remains neutral concerning jurisdictional claims in published maps and institutional affiliations. 

CITATION METRICS & CAPTURES

Google Scholar | DOAJ | Scopus | EBSCO | Internet Archive |Twitter |Mendeley  

CURRENT PUBLISHER

Tehran Urban Research and Planning Center: Tehran Municipality