Institutional Frameworks and Entrepreneurial Mindset Development in Emerging Economies: Evidence from Masvingo Province, Zimbabwe

Entrepreneurship is recognised globally as the vehicle for economic development and poverty eradication, yet in developing economies, it is not receiving the support it deserves. Based on the institutional framework, this study explores its role in fostering the development of an entrepreneurial mindset in Masvingo Province, Zimbabwe. Being grounded in the interpretivist research philosophy and following an inductive qualitative research design, the study adopted a case study strategy. Data were collected through in- depth interviews with 12 participants, purposively selected from industry leaders and entrepreneurs. Thematic analysis was used to inductively generate contextual insights from the interaction between the regulatory, socio-economic, and cultural pillars of the institutional framework and individual capabilities. The findings show that entrepreneurship development in Masvingo Province, Zimbabwe, is influenced to a greater extent by the institutional framework, which is characterised by economic volatility, infrastructure gaps, and evolving regulatory demands. The formal institutional framework was noted to confer legitimacy while, at the same time, imposing obligations on institutions; informal institutional frameworks rooted in communal values, social capital, and professional bodies helped fill gaps in the formal framework. The study also demonstrates that entrepreneurial mindset development is an integrated output of continuous learning, strategic networking, and individual capability. In reinforcing the normative dimensions of institutional theory, it was noted that entrepreneurs do not only have profit-maximisation goals but also long-term sustainability and survival targets. The study contributes to scarce empirical research on the nexus between institutional framework and entrepreneurship development in emerging economies. The findings reinforce the need for an integrated approach that streamlines the regulatory process, strengthens infrastructure, supports capacity building, and recognises the role of the informal institutional network in enhancing entrepreneurship development. Even though the qualitative, cross-sectional design limits the generalizability of the study’s findings, the study offers insights into fostering entrepreneurship development in emerging markets.