Entrepreneurial ecosystems and social network centrality: the power of regional dealmakers

Pittz, Thomas G.; White, Rebecca J.; Zoller, Ted

doi:10.1007/s11187-019-00228-8

Cited by 37 publications

(25 citation statements)

References 41 publications

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“…In addition, personal relationships and networks also play a role, as entrepreneurs base decisions such as where to start or grow their business not solely on economic factors but also social factors such as the amount of encouragement they get from family and friends (Sorenson, 2018). While some work on ecosystems has involved structural network analysis to identify key players (Motoyama & Knowlton, 2016; Pittz et al, 2019), there is room for further research on the cognitive and relational aspects of these networks. A major gap is the lack of theorization over how relational connections develop in entrepreneurial ecosystems and how these ties are affected by broader contextual factors.…”

Section: An Entrepreneurial Ecosystem Research Programmentioning

confidence: 99%

Toward an Entrepreneurial Ecosystem Research Program

Wurth

Stam

Spigel³

2021

Entrepreneurship Theory and Practice

324

281

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Entrepreneurial ecosystems have become a prominent concept, yet in its current state, the concept itself represents a paradox. While it draws on a rich intellectual history and provides an opportunity to synthesize different strands of research, it is also under-theorized and the mechanisms that govern ecosystem evolution are not well understood. This paper takes stock of recent advancements in ecosystem scholarship and synthesizes the empirical reality of the causal mechanisms. We use these dynamics to position ecosystems in a broader context, within and beyond the domain of entrepreneurship research, and propose a transdisciplinary research program for ecosystem research and practice.

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Section: An Entrepreneurial Ecosystem Research Programmentioning

confidence: 99%

Toward an Entrepreneurial Ecosystem Research Program

Wurth

Stam

Spigel³

2021

Entrepreneurship Theory and Practice

324

281

View full text Add to dashboard Cite

show abstract

“…These resources extend beyond traditional assets such as financial capital to also include technical knowledge; business know-how relating to firm growth; and access to skilled employees, mentors, and advisors. Ecosystems with dense networks between entrepreneurs and their surrounding business community and dealmakers who invest their own social capital in developing the region's business environment will help ease the flow of resources and know-how throughout the community (Pittz et al, 2019).…”

Section: Entrepreneurial Ecosystemsmentioning

confidence: 99%

Examining the cohesiveness and nestedness entrepreneurial ecosystems: evidence from British FinTechs

Spigel

2022

Small Bus Econ

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It is not clear if entrepreneurial ecosystems are cohesive wholes within a region that support high-growth entrepreneurship across a variety of sectors or if ecosystems are made up of several, nested sectoral-specific sub-ecosystems. This debate speaks to larger disagreements about what entrepreneurial ecosystems are and how they work. This paper addresses this research gap by using a novel methodology based on career history data of founders and top management teams of high-growth FinTech ventures. This method is used to classify the backgrounds of 1,570 individuals in 380 British FinTech firms based on their prior job histories and employers into categories such as technology or finance. The paper finds substantial evidence of nestedness in the ecosystems, but rather than FinTech ecosystems being specialized finance or technology clusters, more generic forms of managerial know-how remain crucial to firm innovation and growth. This suggests that even very advanced ecosystems remain nested, with few cross-over points between different communities.

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“…Community and industry connections are vital and can be sources of opportunity recognition (for example, what strategies have others found to diversify, expand, or salvage revenue streams? ), new ideas, critical financing, and reminders of inspiration and resilience (Pittz, White, & Zoller, 2019). Entrepreneurs everywhere are feeling the pressure of this pandemic and the more we can share best practices, empathize, and, to a limited healthy extent, commiserate, the stronger our ventures will be.…”

mentioning

confidence: 99%

Strategies for small business: Surviving and thriving in the era of COVID-19

Liguori

Pittz

2020

Journal of the International Council for Small Business

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164

121

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The upheaval caused by the spread of COVID-19 is having a devastating effect on small businesses. A review of the data on COVID-19's impact on micro-, small, and medium-sized enterprises suggests the economic fallout from this pandemic will get worse for small businesses and their employees before it gets better. To help combat the negative effects, this article offers practical and tactical strategies for navigating the uncertainty and risk especially prevalent in today's pandemic-filled business environment.

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Entrepreneurial ecosystems and social network centrality: the power of regional dealmakers

Cited by 37 publications

References 41 publications

Toward an Entrepreneurial Ecosystem Research Program

Toward an Entrepreneurial Ecosystem Research Program

Examining the cohesiveness and nestedness entrepreneurial ecosystems: evidence from British FinTechs

Strategies for small business: Surviving and thriving in the era of COVID-19

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