The lineages of the entrepreneurial ecosystem approach

In its most abstract sense, an ecosystem is a biotic community, encompassing its physical environment, and all the interactions possible in the complex of living and nonliving components. Economics has always been about systems that explain differential output and outcomes. However, economics has ge...

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Bibliographic Details
Published in:Small business economics Vol. 49; no. 1; pp. 1 - 10
Main Authors: Acs, Zoltan J., Stam, Erik, Audretsch, David B., O'Connor, Allan
Format: Journal Article
Language:English
Published: New York Springer 01.06.2017
Springer US
Springer Nature B.V
Subjects:
Area planning & development
Built environment
Business and Management
Economic systems
Economics
Ecosystems
Entrepreneurs
Entrepreneurship
Industrial Organization
Interdependence
Literature
Management
Microeconomics
Regional development
Regions
Strategic management
Value creation
Platforms
L26
Entrepreneurship
Clusters
Governance
Unicorns
R1
ISSN:0921-898X, 1573-0913
Online Access:Get full text
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Summary:In its most abstract sense, an ecosystem is a biotic community, encompassing its physical environment, and all the interactions possible in the complex of living and nonliving components. Economics has always been about systems that explain differential output and outcomes. However, economics has generally ignored the role of entrepreneurship in economic systems, just as entrepreneurship studies have laigely overlooked the role of systems in explaining the prevalence and performance of entrepreneurship. The entrepreneurial ecosystem approach has the promise to correct these shortcomings. Its two dominant lineages are the regional development literature and the strategy literature. Both lineages share common roots in ecological systems thinking, providing fresh insights into the interdependence of actors in a particular community to create new value. But studies of both regional development and strategic management have largely ignored the role of entrepreneurs in new value creation. In this paper, we will outline contributions to the entrepreneurial ecosystem approach and conclude with a promising new line of research to our understanding of the emergence, growth, and context of start-ups that have achieved great impact by developing new platforms.
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ISSN:0921-898X
1573-0913
DOI:10.1007/s11187-017-9864-8