Principles Of Sustainable Development

Abstract— Sustainable development is one of the most globally debatable concept and a complex goal these days for developing and developed countries as well. Trying to find affordable solutions is one of the most important question that faces international and local bodies since Brundtland commission 1987 till nowadays with the millennium global goals. In this regards, linking sustainable development with business solutions has been addressed in many empirical and theoretical researches. Even though, there is still lacking in many levels of this linking. This issue may even raise a higher concern in post conflict countries around the world. This paper aims to examine the relationship between entrepreneurial orientation and social capital with

Through 27 principles of sustainable development, Earth Summit designed a plan called Agenda 21 (Drexhage and Murphy, 2010). This agenda indicated the urgent problems at present and also discussed how to be able to meet the next century challenges (Agenda 21, 1992). After Agenda 21, there were many later summits in 1997, 2002 and the progress still continues (Drexhage and Murphy, 2010). Linking economy, society and environment is forming the three main pillars or dimensions for sustainable development. The interconnection between all of them is highly important, that being attention to only one of them can lead to unsustainability (Strange and Bayley, 2008). The millennium development goals in 2000 were tightly also related to sustainable development. This goals summarized the increasing international awareness about global issues; poverty, starvation, health, education and so on (Sachs, 2012). Fighting poverty was translated to 8 goals, known as MDG’s; millennium development goals until 2015 (UN, 2015). Thus, it is obviously that achieving sustainable development is not only an important issue and also a challenging, and complicating one so for. It is a continuous progress, and needs attention from regional, local, national

In definition, entrepreneurial orientation is the willing to take risk, featuring innovation and confronting competitors (Frank et al. 2010). The effects of this entrepreneurial orientation on the performance have been addressed in many researches (Acar et al. 2013, Chen et al. 2007, Frank et al. 2010, Lumkin and Dess 1996). Another possible explanation may support the role of business on sustainable development is social capital. Many studies indicate the effect of social capital with business performance (Chen et al. 2007, De Oliveira 2013, Stam and Elfring 2008). In addition, many other literatures address the impact of social capital on sustainability (Aktar at al. 2014, Kusakabe 2012, O’Boyle