A Literature Review on the Role of Entrepreneurial Leadership in Business Sustainability of Small-business Women Entrepreneurs

Abstract

This literature review investigates the imperative role of entrepreneurial leadership (EL) in fostering business sustainability (BS), particularly focusing on small-business women entrepreneurs (SWEs). The intertwined nature of EL and SWEs underscores the significance of women’s empowerment and sustainable business practices for economic growth and societal welfare. Through an extensive analysis of existing literature and empirical studies, this paper navigates the intricate landscape of BS among SWEs, emphasizing the influence of EL on their organizational growth. By examining EL through the lenses of cognitive ambidexterity (CA), responsibility and sustainability (RS), and self and social awareness (SSA), this review, which is aided by the PRISMA method, underscores the critical factors propelling SWEs toward BS. Spanning from 2003 to 2023, the study captures the evolving concepts of EL within SWEs. It establishes a direct correlation between BS and EL principles, advocating for enhanced EL skills among SWEs to cultivate an inclusive and sustainable entrepreneurial ecosystem. The findings stress the necessity of empowering SWEs with resources to maximize their leadership potential, fostering thriving businesses and society.