Problem Statement:
The problem to be addressed in this study is the lack of understanding of the factors that drive the adoption of sustainable business practices among small and medium-sized enterprises (SMEs) in developing countries.
Evidence:
Need for and Importance of the Study:
SMEs play a vital role in the economies of developing countries. They account for a majority of the employment and contribute significantly to GDP. However, SMEs are also major contributors to pollution and environmental degradation.
The adoption of sustainable business practices can help SMEs to reduce their environmental impact and improve their bottom line. However, more research is needed to understand the factors that drive the adoption of sustainable business practices among SMEs in developing countries.
General Issue Grounded in the Research Literature:
The research literature on the adoption of sustainable business practices is extensive. However, most of the research has focused on large corporations in developed countries. There is a gap in the literature on the adoption of sustainable business practices among SMEs in developing countries.
Specific Problem:
This study will address the following specific problem:
What are the factors that drive the adoption of sustainable business practices among small and medium-sized enterprises (SMEs) in developing countries?
Who is Impacted by the Problem?
The problem of the lack of adoption of sustainable business practices among SMEs in developing countries impacts a wide range of stakeholders, including:
What is Not Known That Should be Known About the Problem?
More research is needed to understand the following about the problem of the lack of adoption of sustainable business practices among SMEs in developing countries:
Potential Negative Consequences:
If the problem of the lack of adoption of sustainable business practices among SMEs in developing countries is not addressed, there will be a number of negative consequences, including:
Conclusion:
The problem of the lack of adoption of sustainable business practices among SMEs in developing countries is a serious one. This study will address the problem by investigating the factors that drive the adoption of sustainable business practices among SMEs in developing countries. The findings of this study will be used to develop interventions to promote the adoption of sustainable business practices among SMEs in developing countries.