Entrepreneurial ecosystem

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An entrepreneurial ecosystem, in a broader sense refers to the environment affecting the local/regional entrepreneurship.

But it can also be a group of companies, including start-ups, and one or more coordination entities, which share similar goals and decide to form a network or organization in order to explore economies of scale combined with flexibility and strong entrepreneurial drive. Economies of scale can be explored in business functions such as business development, financing, market analysis, marketing communications, IT / MIS infrastructure, human capital management, legal support, financial & accounting management while each participating start-up focuses to research & development, product Management, sales & pre-sales / after-sales support.

Some researchers believe governments have little effect to create an ecosystem for entrepreneurship.[1][2] Nonetheless, the entrepreneurial ecosystem idea does lend itself to entrepreneurship policy, where targeted programs can be developed to plug the gaps in the ecosystem. [3] For example, advisory programs have had some success.[4]

See also[edit]

References[edit]

[5]

  1. ^ http://ideas.economist.com/blog/cluster-bluster Can policy makers create an ecosystem for entrepreneurship?
  2. ^ Lerner, Josh (2009) "The Boulevard of Broken Dreams" Princeton University Press
  3. ^ Hwang, Victor and Greg Horowitt (2012). The Rainforest: The Secret to Building the Next Silicon Valley. Los Altos Hills: Regenwald. ISBN 978-0615586724.
  4. ^ Mole K.F., Hart M., Roper S., and Saal D. (2011) Broader or Deeper? Exploring the most effective intervention profile for public small business support Environment and Planning A 43(1) 87 – 105
  5. ^ The Creation of an Entrepreneurial Ecosystem