Green Entrepreneurship Model Utilising the System Dynamics Approach: A Review

Green entrepreneurship as a concept is still in its infancy stages around the globe. In order to assess the Green entrepreneurship ecosystem, the researchers adopted a systems dynamic approach to determine key variables that will enable the development of the system. A theoretical review was conducted through a literature review of which n=44 sources met the criteria that the researchers set for ecosystem or variables. Through review of data, the researchers discovered that ecosystem of green entrepreneurship needs to be viewed from meso, macro and micro level with key variables such as green entrepreneurial motives, start-up factors, green support mechanisms, performance and monitoring tools as well as barriers to environmental entrepreneurship. A virtual abstract simulation of system dynamics approach from the systematic review is also formulated in the current paper. Brief summary of findings are classified and explained. Recommendations for future research are also made towards the end of the research paper.