Green Entrepreneurship in Tourism
Abstract Purpose This chapter aims to discuss the key issues of green entrepreneurship in tourism (GEiT) paying special attention to the environmental performance of green entrepreneurs and its relationship with strategy, brand reputation and long term business growth. Methodology/approach Literature review is conducted on conceptual issues and several hotels first hand experiences that were categorised to provide readers with business world examples. Findings This chapter highlights how small and medium sized entrepreneurs are the agents who started green innovation initiatives and how larger corporations tested and validated them. A myriad of small green interventions awaits to be undercovered and implemented. Most of them can bring financial improvements to the entrepreneurs as the required initial investments are not necessarily high. Research limitations/implications This chapter is explorative in nature, based on a literature review and interviews based analysis of consolidated green initiatives, most of them being successful ones. Practical implications The forces driving green initiatives are identified and classified. Most important categories of green entrepreneurs are described and emphasis was placed on the managerial and marketing benefits linked to green initiatives and action plans. Originality/value This chapter presents models and concepts in an integrated way, facilitating a useful knowledge for prospective entrepreneurs wishing to acquire a better understanding of the opportunities and challenges related to eco friendly business.