Developing a Sustainable Governance Model with an Emphasis on Entrepreneurial Development

The economic and social growth rates directly affect economic development. They increase long-term social welfare in a country; therefore, most countries run programs to support entrepreneurship in their communities. Entrepreneurship and economic growth are direct indicators of economic development in any country, while entrepreneurship contributes to economic growth by creating innovation, creativity, and increasing competition. Governance is one of the factors that affect entrepreneurial activities, and sustainable governance can facilitate entrepreneurial activities. This study aims to provide a sustainable governance model using an entrepreneurial development approach.

The current study is applied in terms of purpose. This study used a qualitative approach to provide a framework for sustainable governance by means of an entrepreneurial development approach. This study is descriptive in terms of data collection. At first, 18 sources were selected and studied using the meta-synthesis method and purposive sampling of internal scientific databases. Then, theoretical saturation was obtained by conducting twelve interviews.

A meta-synthesis method was used in the first stage of the data collection. The final framework of the research was extracted by analyzing the content of the texts from the interviews. Based on this, seven components were identified in the form of 56 indicators. The results of data analysis indicate that the extracted components are classified into three levels of business, national, and international, which complement each other. The findings of this study suggest that all international, national, and business sectors are complementary and will simultaneously help each other.

The components of government rejuvenation, elimination of parallel institutions, government modernization, economic factors (reform of banking structures), creation of hardware and software infrastructure, creation of international competitive advantage, and influence on international markets form the framework for sustainable governance. In creating sustainable governance with an entrepreneurial development approach, the components of a business, national, and international levels should be considered simultaneously, and business-level components and the national level are the basis and facilitators of international-level components; for example if economic factors are considered at the national level, and the necessary hardware and software infrastructure is formed, it will create macroeconomic sustainability and a competitive advantage at the international level. To penetrate international markets, the domestic economy must grow to create demand at the international level and form international enterprises. In other words, the components of a business, national, and international level together will lead to sustainable governance with an entrepreneurial development approach and economic, social, and political development.