Harmonious Entrepreneurship in Emerging Economies – A Sustainable Model for Addressing Global Inequality

Kirby, David A. and Healey-Benson, Felicity (2024) Harmonious Entrepreneurship in Emerging Economies – A Sustainable Model for Addressing Global Inequality. Journal of Entrepreneurship in Emerging Economies, 16. ISSN 2053-4604

Text Kirby Healey-Benson J. Entrepreneurship Emergening Economies HES proof.PDF - Accepted Version Restricted to Repository staff only Available under License CC-BY-NC Creative Commons Attribution Non-commercial. Download (353kB) | Request a copy

Abstract

This research develops an entrepreneurial business model capable of addressing and preventing the exploitation and inequality that traditionally has resulted from entrepreneurship, particularly in emerging economies. The research uses systems thinking, the first law of cybernetics and the principles of harmony to formulate a systemic solution to the problem, which it exemplifies via six purposefully selected short cases drawn from diverse industry sectors and economies. The paper demonstrates how the conventional model of entrepreneurship, often associated with colonial exploitation and resultant inequalities, can be transformed into a triple bottom line model-Harmonious Entrepreneurship-that integrates the traditional economic, eco, humane and social approaches and creates a synergy where profit, planet and people are in harmony. The model challenges the profit maximisation/shareholder value doctrine of business success. Only 6 cases are presented here and there is a need for further research in different politico-economic contexts and industry sectors. Also, the way entrepreneurship is taught needs to change so that it addresses the sustainability challenge in general and the problem of inequality in particular. There needs to be a change in the entrepreneurial mindset and the way entrepreneurship is taught and potential entrepreneurs are trained if entrepreneurship is to addresses the sustainability challenge in general and the problem of inequality in particular This is a novel approach to the study of entrepreneurship and its impact on inequality that shows how it can ameliorate and/or prevent inequality, particularly in emerging economies, by adopting a more holistic approach to business success and supplanting “having and needing” with “being and caring."

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions
Divisions:	Research Innovation and Enterprise Services
Depositing User:	Dr Felicity Healey-Benson
Date Deposited:	20 Mar 2024 09:12
Last Modified:	20 Mar 2024 09:12
URI:	https://repository.uwtsd.ac.uk/id/eprint/2891

Administrator Actions (login required)

Edit Item - Repository Staff Only