Main Article Content
Abstract
This study explores the impact of supportive environments, or entrepreneurial ecosystems, on the success and development of entrepreneurial activities across diverse geographic regions. Employing a qualitative approach, this research utilizes semi-structured interviews, focus groups, and document analysis to gather comprehensive insights from entrepreneurs, policymakers, investors, and educational institution representatives. The study focuses on various entrepreneurial ecosystems, examining the interactions between financial resources, government policies, educational institutions, cultural attitudes, and social networks. The findings underscore the critical role of financial resources, such as venture capital and angel investors, in fostering entrepreneurial success. Government policies that promote business-friendly regulations, tax incentives, and support for research and development significantly enhance entrepreneurial environments. Educational institutions provide essential knowledge, skills, and training as hubs for innovation. Positive cultural attitudes towards entrepreneurship and robust social networks also play pivotal roles in supporting entrepreneurial activities. The study highlights geographic disparities in resource distribution and entrepreneurial ecosystems' dynamic, evolving nature, emphasizing the need for tailored support mechanisms in developing regions. The study provides practical insights for startup founders, managers, and policymakers. It emphasizes the importance of fostering a culture of innovation, investing in R&D, and adopting agile methodologies. Policymakers can support startups by creating conducive regulatory environments and facilitating access to funding. Future research should explore the dynamic nature of innovation over time and across different industry contexts to further understand the mechanisms driving startup success.
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References
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- Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management. https://doi.org/10.1177/014920639101700108
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- Putnam, R. D. (1995). Bowling Alone: America's Declining Social Capital. Journal of Democracy. https://doi.org/10.1353/jod.1995.0002
- Saxenian, A. (1994). Regional Advantage: Culture and Competition in Silicon Valley and Route 128. Harvard University Press. https://doi.org/10.1086/386389
- Schott, T. (2023). National ecosystems for sustainable entrepreneurship: A comparative analysis. Journal of Cleaner Production. https://doi.org/10.1016/j.jclepro.2020.124921
- Spigel, B. (2017). The relational organization of entrepreneurial ecosystems. Entrepreneurship Theory and Practice. https://doi.org/10.1111/etap.12167
- Stam, E., & Spigel, B. (2016). Entrepreneurial ecosystems. In Routledge Companion to Entrepreneurship. https://doi.org/10.4324/9781315736477
- Weerasekara, K. (2023). Sustainable entrepreneurial ecosystems: A multidimensional approach. Sustainability. https://doi.org/10.3390/su12093579
References
Acs, Z. J., Autio, E., & Szerb, L. (2014). National Systems of Entrepreneurship: Measurement Issues and Policy Implications. Research Policy. https://doi.org/10.1016/j.respol.2013.08.016
Aldrich, H. E., & Fiol, C. M. (1994). Fools Rush in? The Institutional Context of Industry Creation. Academy of Management Review. https://doi.org/10.5465/amr.1994.9412190214
Autio, E., & Fu, K. (2015). Economic and Political Institutions and Entry into Formal and Informal Entrepreneurship. Asia Pacific Journal of Management. https://doi.org/10.1007/s10490-015-9442-2
Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management. https://doi.org/10.1177/014920639101700108
Etzkowitz, H., & Leydesdorff, L. (2000). The Dynamics of Innovation: From National Systems and 'Mode 2' to a Triple Helix of University-Industry-Government Relations. Research Policy. https://doi.org/10.1016/S0048-7333(99)00055-4
Feldman, M., Siegel, D. S., & Wright, M. (2019). The sources of social capital. Research Policy. https://doi.org/10.1016/j.respol.2019.103847
Gamidullaeva, L. (2021). The impact of entrepreneurial ecosystems on innovation: A systematic review. Journal of Business Research. https://doi.org/10.1016/j.jbusres.2020.05.019
Gnyawali, D. R. (1994). Cooperative competition in entrepreneurial ecosystems: A theoretical framework. Academy of Management Review. https://doi.org/10.2307/258437
Grigore, A. (2020). Entrepreneurial ecosystems in transitional economies: Insights from Eastern Europe. Journal of Business Venturing Insights. https://doi.org/10.1016/j.jbvi.2019.e00145
Guerrero, M. (2020). How entrepreneurial ecosystems impact academic entrepreneurship: A comparative analysis of MIT and Cambridge. Journal of Technology Transfer. https://doi.org/10.1007/s10961-018-9681-1
Isenberg, D. (2010). How to start an entrepreneurial revolution. Harvard Business Review. https://doi.org/10.1086/386389
Lerner, J. (2010). The Future of Public Efforts to Boost Entrepreneurship and Venture Capital. Small Business Economics. https://doi.org/10.1007/s11187-010-9298-z
Mack, E., & Mayer, H. (2016). The Evolutionary Dynamics of Entrepreneurial Ecosystems. Urban Studies. https://doi.org/10.1177/0042098015586547
Mai, L. (2022). The role of entrepreneurial ecosystems in shaping entrepreneurial intentions. Entrepreneurship Research Journal. https://doi.org/10.1515/erj-2020-0056
Putnam, R. D. (1995). Bowling Alone: America's Declining Social Capital. Journal of Democracy. https://doi.org/10.1353/jod.1995.0002
Saxenian, A. (1994). Regional Advantage: Culture and Competition in Silicon Valley and Route 128. Harvard University Press. https://doi.org/10.1086/386389
Schott, T. (2023). National ecosystems for sustainable entrepreneurship: A comparative analysis. Journal of Cleaner Production. https://doi.org/10.1016/j.jclepro.2020.124921
Spigel, B. (2017). The relational organization of entrepreneurial ecosystems. Entrepreneurship Theory and Practice. https://doi.org/10.1111/etap.12167
Stam, E., & Spigel, B. (2016). Entrepreneurial ecosystems. In Routledge Companion to Entrepreneurship. https://doi.org/10.4324/9781315736477
Weerasekara, K. (2023). Sustainable entrepreneurial ecosystems: A multidimensional approach. Sustainability. https://doi.org/10.3390/su12093579