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DOI 10.70132/k5546584395
Reference to this article should be made as follows:
Mugunzva, F. I.; Manchidi, N. H. 2024. Re-envisioning the artificial intelligence-entrepreneurship nexus: a pioneering synthesis and future pathways, Insights into Regional Development 6(3): 71-84. https://doi.org/10.70132/k5546584395
Received: 2024-07-11  |  Accepted: 2024-09-22  |  Published: 2024-09-30

Title

Re-envisioning the artificial intelligence-entrepreneurship nexus: a pioneering synthesis and future pathways

Abstract

The rapid advancement of artificial intelligence (AI) is profoundly transforming the entrepreneurial landscape while presenting a myriad of opportunities and challenges. However, scholarly inquiries into this pivotal intersection remain fragmented and lack a comprehensive and interdisciplinary understanding. This study provides a systematic review that consolidates insights from across AI, innovation and entrepreneurship literature to provide an integrated examination of the AI-entrepreneurship nexus. Through rigorous analysis of 92 studies, key themes are elucidated, including AI's impact on opportunity recognition, business model reinvention and socio-economic dynamics. An original Socio-Technical Systems framework is proposed, capturing the interplay between AI adoption decisions, AI-augmented opportunity exploration, innovative AI configurations and broader socio-economic consequences. While acknowledging AI's transformative potential, the review sounds a clarion call for responsible scholarship that centres on equity and social justice. It advocates a reflexive, inclusive approach, allowing marginalised voices and alternative perspectives to emerge. Theoretical contributions are made by extending established frameworks from technology adoption, business models and socio-technical systems to the AI-entrepreneurship context. Furthermore, actionable implications are provided for policymakers to develop governance models balancing innovation and ethical oversight. Therefore, entrepreneurs and support organisations are guided in facilitating responsible AI integration across diverse ecosystems. This unprecedented cross-disciplinary synthesis illuminates crucial gaps, charting an agenda for future research on transparency, accountability and mitigating AI's unintended impacts. As AI continues reshaping entrepreneurial frontiers, this review catalyses a trajectory of ethically- conscious scholarship poised to shape inclusive technological progress aligned with human values and societal wellbeing.

Keywords

Artificial Intelligence (AI), entrepreneurship, entrepreneurial opportunities, business models, artificial intelligence adoption, socio-economic impact

JEL classifications

M15 , M16

URI

http://jssidoi.org/ird/article/172

DOI

DOI 10.70132/k5546584395

Pages

71-84

Funding

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Mugunzva, Fidel Isheanesu
University of South Africa, Pretoria, South Africa https://www.unisa.ac.za
Articles by this author in: CrossRef |  Google Scholar
Manchidi, Ntise Hendrick
University of South Africa, Pretoria, South Africa https://www.unisa.ac.za
Articles by this author in: CrossRef |  Google Scholar

Journal title

Insights into Regional Development

Volume

6

Number

3

Issue date

September 2024

Issue DOI

DOI 10.70132/j8486277575

ISSN

ISSN 2345-0282 (online)

Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 795  |  PDF downloads: 267

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