Driving factors for the transformation to sustainable entrepreneurship in small and medium production companies

Lāsma Tiunčika; Santa Bormane; Erika Sumilo

doi:10.3846/bm.2025.1431

Driving factors for the transformation to sustainable entrepreneurship in small and medium production companies

Lāsma Tiunčika (Corresponding Author)
, Santa Bormane
, Erika Sumilo

Faculty of Social Sciences

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review

Abstract

Small and medium enterprises (SMEs) are significant contributors to economic growth. Being the most represented group of enterprises, SMEs can carry the greatest weight in contributing to sustainable development by transforming into sustainable entrepreneurship (SE). However, SMEs are substantially limited in resources, and to assist SMEs, first and foremost, it is important to understand what facilitates the transformation. Thus, the study’s objective was to identify driving factors for transformation to SE in production SMEs. A monographic literature review was conducted to provide a comprehensive summary of the latest research. Further, as a result of the secondary data and the content analysis methods, 6 driving and 7 assisting factors were identified that support the central feature of transformation to SE – the ability to find new opportunities. Based on the connections among the discovered factors, the authors developed an Innovation-Driven Development (IDD) conceptual framework. The framework illustrates the pathway to SE for production SMEs.

Original language	English
Title of host publication	New Trends in Contemporary Economics, Business and Management
Subtitle of host publication	Selected Proceedings of the 15th International Scientific Conference “Business and Management 2025"
Place of Publication	Vilnius
Publisher	Vilnius Gediminas Technical University
Pages	286-294
Volume	3: III. BUSINESS TECHNOLOGIES AND SUSTAINABLE ENTREPRENEURSHIP
ISBN (Print)	978-609-476-423-3
DOIs	https://doi.org/10.3846/bm.2025.1431
Publication status	Published - 2025
Event	15th International Scientific Conference "Business and Management 2025" - Vilnius, Lithuania Duration: 15 May 2025 → 16 May 2025 Conference number: 15th https://bm.vilniustech.lt/index.php/verslas/2025

Conference

Conference	15th International Scientific Conference "Business and Management 2025"
Country/Territory	Lithuania
City	Vilnius
Period	15/05/25 → 16/05/25
Internet address	https://bm.vilniustech.lt/index.php/verslas/2025

Keywords*

sustainable entrepreneurship
SME
sustainability
business model innovation
knowledge management

Field of Science*

5.2 Economy and Business

Publication Type*

3.2. Articles or chapters in other proceedings other than those included in 3.1., with an ISBN or ISSN code

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.3846/bm.2025.1431Licence: CC BY

DRIVING FACTORS FOR THE TRANSFORMATION TO SUSTAINABLEFinal published version, 431 KBLicence: CC BY

Cite this

Tiunčika, L., Bormane, S., & Sumilo, E. (2025). Driving factors for the transformation to sustainable entrepreneurship in small and medium production companies. In New Trends in Contemporary Economics, Business and Management : Selected Proceedings of the 15th International Scientific Conference “Business and Management 2025" (Vol. 3: III. BUSINESS TECHNOLOGIES AND SUSTAINABLE ENTREPRENEURSHIP, pp. 286-294). Vilnius Gediminas Technical University. https://doi.org/10.3846/bm.2025.1431

Tiunčika, Lāsma ; Bormane, Santa ; Sumilo, Erika. / Driving factors for the transformation to sustainable entrepreneurship in small and medium production companies. New Trends in Contemporary Economics, Business and Management : Selected Proceedings of the 15th International Scientific Conference “Business and Management 2025". Vol. 3: III. BUSINESS TECHNOLOGIES AND SUSTAINABLE ENTREPRENEURSHIP Vilnius : Vilnius Gediminas Technical University, 2025. pp. 286-294

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abstract = "Small and medium enterprises (SMEs) are significant contributors to economic growth. Being the most represented group of enterprises, SMEs can carry the greatest weight in contributing to sustainable development by transforming into sustainable entrepreneurship (SE). However, SMEs are substantially limited in resources, and to assist SMEs, first and foremost, it is important to understand what facilitates the transformation. Thus, the study{\textquoteright}s objective was to identify driving factors for transformation to SE in production SMEs. A monographic literature review was conducted to provide a comprehensive summary of the latest research. Further, as a result of the secondary data and the content analysis methods, 6 driving and 7 assisting factors were identified that support the central feature of transformation to SE – the ability to find new opportunities. Based on the connections among the discovered factors, the authors developed an Innovation-Driven Development (IDD) conceptual framework. The framework illustrates the pathway to SE for production SMEs.",

keywords = "sustainable entrepreneurship, SME, sustainability, business model innovation, knowledge management",

author = "Lāsma Tiun{\v c}ika and Santa Bormane and Erika Sumilo",

year = "2025",

doi = "10.3846/bm.2025.1431",

language = "English",

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volume = "3: III. BUSINESS TECHNOLOGIES AND SUSTAINABLE ENTREPRENEURSHIP",

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Tiunčika, L, Bormane, S & Sumilo, E 2025, Driving factors for the transformation to sustainable entrepreneurship in small and medium production companies. in New Trends in Contemporary Economics, Business and Management : Selected Proceedings of the 15th International Scientific Conference “Business and Management 2025". vol. 3: III. BUSINESS TECHNOLOGIES AND SUSTAINABLE ENTREPRENEURSHIP, Vilnius Gediminas Technical University, Vilnius, pp. 286-294, 15th International Scientific Conference "Business and Management 2025", Vilnius, Lithuania, 15/05/25. https://doi.org/10.3846/bm.2025.1431

Driving factors for the transformation to sustainable entrepreneurship in small and medium production companies. / Tiunčika, Lāsma (Corresponding Author); Bormane, Santa; Sumilo, Erika.
New Trends in Contemporary Economics, Business and Management : Selected Proceedings of the 15th International Scientific Conference “Business and Management 2025". Vol. 3: III. BUSINESS TECHNOLOGIES AND SUSTAINABLE ENTREPRENEURSHIP Vilnius: Vilnius Gediminas Technical University, 2025. p. 286-294.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review

TY - GEN

T1 - Driving factors for the transformation to sustainable entrepreneurship in small and medium production companies

AU - Tiunčika, Lāsma

AU - Bormane, Santa

AU - Sumilo, Erika

N1 - Conference code: 15th

PY - 2025

Y1 - 2025

N2 - Small and medium enterprises (SMEs) are significant contributors to economic growth. Being the most represented group of enterprises, SMEs can carry the greatest weight in contributing to sustainable development by transforming into sustainable entrepreneurship (SE). However, SMEs are substantially limited in resources, and to assist SMEs, first and foremost, it is important to understand what facilitates the transformation. Thus, the study’s objective was to identify driving factors for transformation to SE in production SMEs. A monographic literature review was conducted to provide a comprehensive summary of the latest research. Further, as a result of the secondary data and the content analysis methods, 6 driving and 7 assisting factors were identified that support the central feature of transformation to SE – the ability to find new opportunities. Based on the connections among the discovered factors, the authors developed an Innovation-Driven Development (IDD) conceptual framework. The framework illustrates the pathway to SE for production SMEs.

AB - Small and medium enterprises (SMEs) are significant contributors to economic growth. Being the most represented group of enterprises, SMEs can carry the greatest weight in contributing to sustainable development by transforming into sustainable entrepreneurship (SE). However, SMEs are substantially limited in resources, and to assist SMEs, first and foremost, it is important to understand what facilitates the transformation. Thus, the study’s objective was to identify driving factors for transformation to SE in production SMEs. A monographic literature review was conducted to provide a comprehensive summary of the latest research. Further, as a result of the secondary data and the content analysis methods, 6 driving and 7 assisting factors were identified that support the central feature of transformation to SE – the ability to find new opportunities. Based on the connections among the discovered factors, the authors developed an Innovation-Driven Development (IDD) conceptual framework. The framework illustrates the pathway to SE for production SMEs.

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KW - SME

KW - sustainability

KW - business model innovation

KW - knowledge management

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DO - 10.3846/bm.2025.1431

M3 - Conference contribution

SN - 978-609-476-423-3

VL - 3: III. BUSINESS TECHNOLOGIES AND SUSTAINABLE ENTREPRENEURSHIP

SP - 286

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BT - New Trends in Contemporary Economics, Business and Management

PB - Vilnius Gediminas Technical University

CY - Vilnius

T2 - 15th International Scientific Conference "Business and Management 2025"

Y2 - 15 May 2025 through 16 May 2025

ER -

Tiunčika L, Bormane S, Sumilo E. Driving factors for the transformation to sustainable entrepreneurship in small and medium production companies. In New Trends in Contemporary Economics, Business and Management : Selected Proceedings of the 15th International Scientific Conference “Business and Management 2025". Vol. 3: III. BUSINESS TECHNOLOGIES AND SUSTAINABLE ENTREPRENEURSHIP. Vilnius: Vilnius Gediminas Technical University. 2025. p. 286-294 doi: 10.3846/bm.2025.1431

Driving factors for the transformation to sustainable entrepreneurship in small and medium production companies

Abstract

Conference

Keywords*

Field of Science*

Publication Type*

UN SDGs

Access to Document

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