Toward a Theory of Marginalized Stakeholder-centric Entrepreneurship

The neglect of marginalized stakeholders is a colossal problem in both stakeholder and entrepreneurship streams of literature. To address this problem, we offer a theory of marginalized stakeholder-centric entrepreneurship. We conceptualize how firms can utilize marginalized stakeholder input actualization through which firms should process a variety of ideas, resources, and interactions with marginalized stakeholders and then filter, internalize and finally realize important elements that improve a variety of related socio-economic, ethical, racial, contextual, political and identity issues. This input actualization process enables firms to innovate with marginalized stakeholders and develop marginalized stakeholder capabilities. To this end, firms fulfil both of their moral and entrepreneurial claims to marginalized stakeholders.