Analysis of the effects of environmental entrepreneurship on sustainable development among small medium enterprises in Zambia: a case of Lusaka central business district (CBD).

These challenges have emerged due to the profit maximization motive of the SME owners at the expense of conserving the environment and the values of society. Currently, there is a pressing need for entrepreneurs to adopt environmentally friendly strategies, technologies, and products
that will result in sustainable solutions to problems of the day. A study was adopted to analyze the effects of environmental entrepreneurship on sustainable development among small and medium enterprises in Lusaka’s CDB. A sample of 278 respondents was selected using the Cochran formula which resulted in a response rate of 91% with 252 respondents. A mixed methodology approach was used and data was analyzed through the use of SPSS from which correlation and a summary of coefficient were used to measure the relationship among variables. The overall coefficient of correlation of 0.947 from the SPSS results suggests that there is a strong positive relationship between the variables under observation in relation to sustainable development among SMEs with regard to environmental entrepreneurship strategies which are: environmental efficacy, and environmental innovation. The R-Square (coefficient of determination) of 0.897 suggests that sustainable development is influenced 89.7% by the independent variables observed.