Alfred plans to start Crystal Distilleries Inc.,a purifying plant that will supply distilled water to various other industries.He interacts closely with the community where he plans on setting up the plant.He ensures that all business plans take into consideration the local water requirements and laws,as well as the ecological impacts that his plant might have.Alfred wants to implement a number of community welfare programs and chooses vendors that adopt eco-friendly business practices.From the given example,it can be seen that Alfred is practicing _____.

Question

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Alfred is practicing sustainable entrepreneurship, which involves taking into account the impact of the business on the environment and the community, and implementing social responsibility initiatives. This is in contrast to conventional entrepreneurship, which solely focuses on profit-making, and corporate entrepreneurship, which involves innovation within an existing company. Internal entrepreneurship refers to innovation within an organization by its employees.

Alfred Plans to Start Crystal Distilleries Inc