Entrepreneurial Ecosystems: Future Research Ideas

Abstract

Entrepreneurial ecosystems are fundamental to the functioning of an effective international business system that thrives on value creation. Despite the popularity of the term “entrepreneurial ecosystem,” its origins can be traced back to much of the research surrounding the effects of internationalization on the business environment. In the past 20 years, there has been many changes in the ability of businesses to market their services to consumers in other countries. This has largely been the result of technological innovation in the form of mobile commerce. At the same time, there has been a rise in the number of tourists traveling overseas. Both of these factors have led to the spread of ideas rapidly between countries thereby encouraging an entrepreneurial ecosystem to develop. Whilst much research has been conducted on the effects of internationalization on the economy, there is a shortage of research linking entrepreneurial ecosystems to internationalization effects. For this reason, this chapter is a timely one and an important milestone in the research on entrepreneurial ecosystems. This chapter will discuss the ways to create a conducive entrepreneurial ecosystem by taking into account culture and societal expectations, which leads to a discussion on managerial and policy implications together with future research suggestions.

Citation

Ratten, V. and Rashid, S. (2020), "Entrepreneurial Ecosystems: Future Research Ideas", Ratten, V. (Ed.) Entrepreneurship as Empowerment: Knowledge Spillovers and Entrepreneurial Ecosystems, Emerald Publishing Limited, Leeds, pp. 151-163. https://doi.org/10.1108/978-1-83982-550-720201011