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“First principles” of international business (IB) thinking should be applied systematically when assessing the functioning of internationally operating firms. The most important first principle is that entrepreneurially oriented firms seek to create, deliver and capture economic value through cross-border linkages. Such linkages invariably require complementary resources from a variety of parties with idiosyncratic vulnerabilities to be meshed. Starting from first principles allows bringing to light evidence-based insight. For instance, most companies are not global and even the world’s largest firms rarely change the location of key strategic functions. International new ventures (INVs), emerging economy multinational enterprises (MNEs) and family firms face unique vulnerabilities but also command resources that can be used to create value across borders. The quest for “optimal” international diversification appears to be a futile academic exercise, and in emerging economies with institutional voids, relational networks – and more broadly, informal institutions – are unlikely to function as scalable substitutes for formal institutions. In global value chains (GVCs), many lead firms and their partners have been able to craft governance mechanisms that reduce bounded rationality and bounded reliability challenges, and it is also critical for them to use governance as a tool to create entrepreneurial space. Finally, many of the world’s largest companies have been on successful trajectories toward reducing their climate change footprint for a few decades. But these firm-specific trajectories are fraught with challenges and cannot just be imposed via unilateral, macro-level targets decided upon by individuals and institutions lacking a clear understanding of innovation and capital expenditure processes in business.

Psychological well-being (PWB) is defined as one’s level of psychological happiness and health, encompassing life satisfaction and feelings of accomplishment. The literature on PWB has progressed rapidly in the past few decades. Meanwhile, camping has become a fast-growing outdoor recreation business in Taiwan. However, there is no extant research specifically focused on understanding the influences of travel distance on PWB in the context of eco-entrepreneurship such as sustainable camping management. This study aims to explore the PWB differences of campers who were from different living circles, travel distances, and regions in Taiwan. The study settings were the campgrounds in Wuling National Forest Recreation Area and Xitou Nature Education Area which were two renowned outdoor recreation and tourism destinations in Taiwan. There were totally 701 campers who responded to the on-site camper surveys. Campers’ residential zip codes were asked in the questionnaire and Google Maps was utilized to calculate campers’ travel distance, living circle, and residential region. To measure campers’ perceptions of PWB, the Ryff’s (1995) Scales of Psychological well-being theory was employed. The gravity model which provides an estimate of the volume of flows of goods, services, or people between two or more locations was used to explain the relationships between PWB and travel distance. The results indicated that campers who were members of a closer living circle and traveled shorter distance group to the campground, and campers who lived in the central region of Taiwan perceived higher levels of PWB. The management implications for eco-entrepreneurship on camping are provided.

New trends in global trade including rise in services, global value chains, and the digital economy are opening up important economic opportunities for women. Trade has the potential to expand women's role in the economy, decrease inequality, and expand women's access to skills and education. Trade can dramatically improve women's lives, creating new jobs, enhancing consumer choice, and increasing women's bargaining power in society. In Bangladesh economy, the women led micro, small, and medium enterprises (MSMEs) play a noteworthy role by providing services and goods, creating employment generation particularly for women (UN Women, 2020). According to an ILO report, the majority of female-owned SMEs in Bangladesh are involved in the trading sector, followed by the manufacturing and service sectors (Fatima, 2023). This chapter is based on the case studies on 50 women entrepreneurs in various levels in Bangladesh and 10 key informant interviews of government officials, business associations, academics, researcher, microcredit organizations. This is encouraging that due to government's women friendly policies and organizational supports along with better networking through social media in Bangladesh, more and more women of various backgrounds in Bangladesh are coming to business though still concentrated on few traditional areas but they are making space for themselves and creating employment for poorest segment of women and educated young women.

Rebuilding communities in economically struggling places might mean taking steps to combat poverty and promote economic growth. This can entail boosting employment prospects, promoting small-town enterprises, and enhancing access to health care and education. The COVID-19 pandemic had a significant and all-encompassing influence on economy around the world. In order to craft a convincing case for the critical role that microfinance plays in promoting the expansion of small and medium-sized enterprises (SMEs) and, as a result, helping to rebuild communities and achieve the Sustainable Development Goals (SDGs), the author has used a thorough literature-based methodology in this chapter. This is an opinion-based chapter. In order to discover recurring themes and patterns connected to microfinance, SME development, and SDGs, the author has rigorously analyzed and integrated the data and insights offered in various sources. The presented thoughts and policy suggestions are built upon the findings of this literature research.

Women’s indigenous organizations have existed for years in the Colombian Amazon. Yet, information about their members’ motivations and the opportunities and barriers those organizations face is missing in the literature on the indigenous movement, ecofeminist struggles, and efforts for a good life in Colombia. This chapter analyzes the connection between women’s indigenous organizations and the territory’s efforts to contain climate change. Two sources inform our understanding of the relationship: the systematization of the main program in Colombian institutional history supporting indigenous women’s led associations linked to conservation efforts, “Women Caregivers of the Amazon” and the mapping of indigenous women’s organizations in the region. This chapter offers a critical impact evaluation of the program “Women Caregivers of the Amazon,” analyzing the way in which the ecological native discourse, particularly on environmental practices of indigenous women, has permeated conservation initiatives in the Colombian Amazon. The impact this has had on women’s participation in self-governance and environmental governance remains to be analyzed. However, mapping indigenous women’s organizations in 2021 offered relevant information on those organizations and their care and conservation practices in the Amazon Forest. In turn, the systematization of “Caregivers of the Amazon” results offers an updated analysis of the scope, limitations, best practices, and lessons learned in developing the projects. A longitudinal and comparative analysis of these two sources of information will lead to an understanding of the incidence of intergovernmental and civil society actions for mitigation and adaptation to climate change carried out by indigenous women’s organizations.

Tourism is considered to be one of the fastest growing industries with huge potential for economic development and economic reform, especially in developing countries. It directly contributes in the economy not only by earning foreign exchange but also makes a direct contribution through multiplier effect. Diversified tourism methods that promote employment opportunities and business practices provide new innovations and methods to meet the diverse needs of tourists in domestic and international markets. The contribution of women in the global business world has increased in recent years, especially in the hospitality and tourism industry. Their contributions are not only restricted as employees but also equally in business and entrepreneurship. These women have become major actors in the tourism entrepreneurial arena despite facing inequality in a perceived male-dominated environment. In the tourism industry, the proportion of women working in the industry is high, but their roles are mainly engaged in unskilled, low-paid jobs. This chapter will emphasize the opportunities for women in the tourism industry. A brief discussion on the various challenges women face, mainly in terms of a lack of appropriate training and education within the tourism industry sector that might adequately support their business ventures, as well as in relation to lacking sufficient access to finance for their business(es), is provided in this chapter. Significant and rapid measures are needed to support the tourism industry; henceforth, this chapter will also focus on the significant policies and strategies adopted by government and private players to change the role of women in this industry.

A relocalization movement, often referred to as neolocalism, is a foot with the aim of rekindling local and regional bonds between people and communities by intentionally and comprehensively crafting senses of place through various promotional strategies. Local-scale businesses often contribute to neolocal efforts through the integration of “place” with their brand development and marketing schemes. Together such efforts converge to form local consumption spaces that foster both economic vibrancy and social cohesion within and across communities. While sometimes recognized as a secondary benefit, environmental stewardship has yet to be fully developed as a neolocal construct and consistent trait of local consumption spaces. In this chapter, an extensive review of the intersection between the environmentalism, neolocalism, and eco-entrepreneurship literature is used to conceptually frame the notion of eco-consumption spaces. The insights generated lead to a proposed research agenda that includes recommendations pertaining to both empirical settings and methodological strategies.

The changing roles of the United Nations (UN) and national institutions have made addressing climate change a critical concern for many multinational enterprises’ (MNEs) survival and growth. This chapter discusses how such institutions, which vary in their nature and characteristics, shape firm strategies for climate change adaptation. Exploring different versions of institutional theory, the chapter demonstrates how and why institutional characteristics affect typical patterns of firm ownership, governance, and capabilities. These, in turn, influence companies’ internationalisation and climate-change strategies. Climate change poses challenges to how we understand firms’ strategic decisions from both an international business (IB) (HQ–subsidiary relations) and global value chains (GVC) (buyer–supplier relations) perspective. However, climate change also provides opportunities for companies to gain competitive advantages – if firms can reconfigure and adapt faster than their competitors. Existing IB and GVC research tends to downplay the importance of climate change strategies and the ways in which coherent or dysfunctional institutions affect firms’ reconfiguration and adaptation strategies in a globally dispersed network of value creation. This chapter presents a perspective on the institutional conditions that affect firms’ climate change strategies regarding ownership, location, and internalisation (OLI), and GVCs, with ‘investment’ and ‘emerging standards’ playing a significant role. The authors illustrate the discussion using several examples from the Global South (i.e. Bangladesh) and the Global North (i.e. Denmark, Sweden, and Germany) with a special emphasis on the garment industry. The aim is to encourage future research to examine how a ‘business systems’, or varieties of capitalism, institutional perspective can complement the analysis of sustainability and climate change strategies in IB and GVC studies.