Entrepreneurial ecosystems: towards a systemic approach to entrepreneurship?

Abstract

Despite its relative newness, entrepreneurial ecosystems (EEs) have attracted much attention from research and policy but they are recognized to be largely untheorized. It is claimed that one aspect which distinguishes the EE perspective from other perspectives related to business environments is its systemic approach; however, much of the systemic approach still needs to be investigated. The aim of this paper is therefore to investigate how the systemic and complex approach of EEs can be theoretically strengthened. We do this by investigating what values complex adaptive system theory holds for advancing the EE perspective. We highlight four propositions which are of particular importance for strengthening the systemic approach of EE: spatial and component boundaries of the system; self-governance; the relational dimension between system components and the system; and the evolution of the system. We propose that boundaries should be seen as a natural part of the system, that a complex system is too complex to capture all components and all interactions, and that studying only individual activities will not enable us to fully understand the system's behaviour.

Rajabhat University Development Model for Becoming an Entrepreneurial University

“…Therefore, entrepreneurship and innovation are critical factors for the economic growth and competitiveness of organizations in the region (Elia, Secundo, & Passiante, 2017). Entrepreneurship takes place in an entrepreneurial ecosystem with a focus on entrepreneurship in the subsets that develop entrepreneurial behaviors to make new things happen in the system (Fredin & Liden, 2020). The entrepreneurial skills and motivations of individuals influence future entrepreneurial intentions, which will lead to risk-taking and commercial innovation (Ward, Hernandez-Sanchez, & Sanchez-Garcia, 2019).…”

“…Having a good role model will affect the development of entrepreneurial skills (Cardella, Hernandez-Sanchez, & Sanchez-Garcia, 2019). Entrepreneurship must exhibit adaptive behavior and must cooperate with other sectors in a complex networked system (Fredin & Liden, 2020). Social entrepreneurship will develop social innovations that result in better people's well-being, thus creating an entrepreneurial society (Thomas & Pugh, 2020).…”

Entrepreneurial Ecosystems and Entrepreneurial Initiative: Building a Multi-Country Taxonomy

“…On the other hand, by adopting a magnifying approach in each group, the study allows to recognize the variables and its differentiated impact within the four groups. Therefore, the relation between EEs and EI needs to be further developed, while the complexity of each EE system flourishes due to the transformation of forces [71]. While the empirical findings are encouraging, entrepreneurial ecosystems theory must be expanded.…”

Approach to the Formation of an Innovation Portfolio in Industrial Ecosystems Based on the Life Cycle Concept

“…A system that amalgamates and integrates the interests of stakeholders is known as an ecosystem in the scientific literature. As is known, today there are "business ecosystems" [3], "innovation ecosystems" [4], "digital ecosystems" [5], "university ecosystems" [6,7], and "financial ecosystems" [8]. Our research interest lies primarily with the innovation ecosystem concept.…”

“…After resulting evaluations, the coded values of control points (y ij ) were determined in points, taking into account the lower and upper limits of the admissibility of the value (y min = 0, y max = 5) according to the Harrington's desirability methodology (Equations ( 6) and ( 7)). Then, the coded value of each qualitative parameter was calculated by Equation (8). The potential (P) of qualitative indicators at each stage of the project life cycle was determined as the geometric mean of the coded values y ij , d i where the resulting potential of the project was considered as the arithmetic mean between the potentials of indicators-both qualitative and quantitative ones (ΣР i /n).…”