Conceptualising the transformational power of entrepreneurship from an entrepreneurial ecosystems perspective focusing on environmentally and socially inclusive economic growth

This paper focuses on the philosophy of transformational entrepreneurship and explores what role entrepreneurial ecosystems fulfil within that to stimulate environmentally and socially inclusive growth. It first examines the past and current contributions in the entrepreneurship literature. Then, it considers the current debate on the transformative power of entrepreneurship and how it can be best utilised for creation of sustainable socio-economic growth via diverse forms of entrepreneurship and interdependencies between entrepreneurial actions and functions at different income levels. From this basis, this research contributes to the recent literature on transformational effects of entrepreneurship by providing novel insights into the role entrepreneurial ecosystems fulfil in transforming societies.