Mogapi OT
Tshwane University of Technology, South Africa.
Rankhumise EM
Tshwane University of Technology, South Africa.
In this post, we present a brief overview of our recently published book chapter titled “The Effects of Humane Entrepreneurship on Small, Medium and Micro Enterprises’ Performance”
Over the years, entrepreneurship has been examined by numerous scholars through diverse frameworks, which include entrepreneurship education, corporate entrepreneurship, and social entrepreneurship. This examination of entrepreneurship emphasises its multifaceted nature and highlights the significance of context for understanding entrepreneurial behaviour. Recently developed HumEnt proposes an improved paradigm for entrepreneurship. This paradigm expands the conventional focus on trade and profit in business operations, known as entrepreneurial orientation, by highlighting the importance of human resources within the organisation as well as the external environment and society. Moreover, Rankhumise et al. claims that “human capital” or “brainpower” is a pivotal element influencing an organisation’s growth, ultimately determining its efficacy or downfall.
As proposed by Parente et al., HumEnt integrates three entrepreneurship strategies, namely, entrepreneurial, sustainability, and human resource orientations. These strategies foster innovation and employee engagement while enhancing competitiveness and financial performance. The EO strategy aims to equip entrepreneurs with the essential skills and knowledge to identify and exploit emerging business opportunities; in contrast, the SO and HRO strategies focus on enabling companies to ensure that entrepreneurial goals yield a beneficial and practical impact on society and individuals within the business environment.