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Entrepreneurial perspective of the circular economy: Origin and principles towards a sustainable world

Purpose: This paper aims to add to the discourse on circular economy by further explaining the concept of CE and its application in entrepreneurship and business to ensure a cleaner environment in quest of a sustainable world. Research Methodology: This study adopted in-depth qualitative exploratory review of relevant work related to the scope of the study. The study collected secondary data from relevant materials including articles, conference papers, company publications, theses, books, periodicals and other documents available on the internet. Results: The study findings argue that CE system centers around a regenerative, and restorative economic system, anchored on 7Rs principles. Businesses, entrepreneurs, government and policy makers must be mindful of the importance of CE to ensure responsible sustainable production and consumption in quest of a sustainable world. Conclusions: The study concludes that the adoption of CE plays a key role in achieving economic stability, environmental protection, social well-being, thereby accelerating SDGs. Limitations: This study is limited to the concept of CE, principles and application in pursuit of economic stability, environmental protection and social well-being as well as achieving sustainable world. Contributions: This study will aid organizations, researchers, entrepreneurs, government, and community leaders to develop and implement policies that will ensure a cleaner environment for a sustainable future for all.

Pages: 269-281

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Entrepreneurial orientation and start-ups performance: The role of entrepreneurial self-efficacy

Purpose: This study examines how entrepreneurial orientation and entrepreneurial self-efficacy interact to identify and create entrepreneurial opportunities for start-ups a successful business in North Central Nigeria. Research Methodology: Primary data were collected using questionnaires from a sample size of 354 SMEs owners and analyzed using PLS-SEM version 4.1.0.4. Results: The results indicated significant positive relationships between EO and SP, EO and ESU, ESU and SP, EO and EOP, and EOP and SP. Mediation analysis revealed partial mediation of EOP and ESU on the relationship between EO and SP. The moderation analysis revealed that with an increase in ESE, the relationship between EO and SP is strengthened; ESE does not moderate the relationship between EO and ESU; higher ESE weakens the positive impact of ESU on SP, while a higher value of ESE results in a stronger relationship between EOP and SP, as depicted in graph 1-4. Limitations: The study is limited to entrepreneurial orientation, self-efficacy, opportunities, and startups in North Central Nigeria. Contribution: This study provides valuable insights to policymakers in entrepreneurship to create a holistic orientation policy that will ensure that people see the need and opportunities to engage in farming in order to ensure profits for the individual and food availability for the majority population. Originality: This is the first study in Nigeria (Africa) to test how entrepreneurial orientation and self-efficacy interact to identify and create opportunities to start a successful business.