From sustainability to thrivability: A novel framework for entrepreneurial ecosystems

Abstract

AbstractThe present research proposes a theoretical framework for a thrivable entrepreneurial ecosystem in which thrivability is a novel entrepreneurship approach that embeds a comprehensive view in which sustainability is ‘the way to walk’ rather than the goal to reach. A thrivable entrepreneurial ecosystem aims to create prosperity through ecosystem resource (re)generation and transformation to define long-term economic goals. The framework is applied here to address the grand challenge of sustainable development in wineries. A local wine ecosystem in Italy is employed as a case study supported by mix-method-based, in-depth data collection (survey and interview). Results from the study support the idea that organizations can collaborate in a thrivable entrepreneurial ecosystem as a unique entity respectful of nature, driving economic viability of both firms and territories by improving quality of life, and caring for natural resources and local communities. This novel entrepreneurial approach may represent a turning point for facing increasingly grand business challenges.