Conceptualization and critical dimensions of inclusive entrepreneurial ecosystems

Abstract

While the concept of entrepreneurial ecosystems has famously been capturing the holistic view of entrepreneurial development, the question of how entrepreneurial ecosystems can specifically foster inclusiveness and advance toward sustainable development goals (SDGs) set by the United Nations is still an underexplored area of research. Despite the fact that scholars have shown a growing interest in defining and measuring entrepreneurial ecosystems, this is still a neglected area of research in the context of marginalized communities. Previously the effectiveness of entrepreneurial ecosystems has largely been focused on aligning skills with opportunities, providing equal accessibility to available geographical resources, and supporting social networks with favourable policies. However, few studies explain social, economic and geographical issues faced by marginalized communities within the debate of entrepreneurial ecosystem. By critically analyzing the literature on entrepreneurial ecosystems, this paper conceptualizes the new construct of inclusive entrepreneurial ecosystems and their related dimensions. At the interface research, scholars will create unique positioning by using theoretical advancement. Moreover, policy-makers could align their strategic goals with the purposed inclusive dimensions that transform the socio-economic conditions of marginalized communities.