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Unlocking Value Co-Creation in Entrepreneurial Ecosystems: The Vital Role of Institutions

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  • Yuko Inada

    (Business Design Department, St. Andrew’s University, Osaka 545-0011, Japan)

Abstract

The entrepreneurial ecosystem is quite complicated because of the presence of numerous stakeholders and the inclusion of multicultural and social elements in diverse communities. The role of entrepreneurship education in developing entrepreneurial skills and aptitude has evolved. The collaboration between universities, companies, and organizations in the collaborative online international learning (COIL) approach plays an important role in the entrepreneurial ecosystem to enhance value co-creation. To extend the limited literature on value creation through entrepreneurship education among stakeholders and analyze the entrepreneurial ecosystem from a micro perspective, this study investigated why companies and organizations support universities at the individual, organizational, and institutional levels to foster entrepreneurial ecosystems. Following a global career course using the COIL approach, semi-structured interviews were conducted in person or via Zoom with four representatives of the Embassy of Canada to Japan, Ernst & Young, and Manulife from April to May 2022. The modified grounded theory approach was used to analyze the responses from three institutions. The results showed that students were provided with the opportunity to solve actual issues that the three institutions faced and the students’ perspectives were considered to identify and develop high-quality proposals at the individual, organizational, and institutional levels. The institutional philosophy, organizational engagement and development, and personal development of the representatives of these institutions effectively create values within universities while also forming entrepreneurial ecosystems at Japanese and Canadian companies, organizations, and universities to help build the next generation of leaders. This study has important implications through its contribution to society and the development of an entrepreneurial ecosystem in collaboration with the academic, industrial, and public sectors.

Suggested Citation

  • Yuko Inada, 2024. "Unlocking Value Co-Creation in Entrepreneurial Ecosystems: The Vital Role of Institutions," Administrative Sciences, MDPI, vol. 14(5), pages 1-24, April.
    • Handle: RePEc:gam:jadmsc:v:14:y:2024:i:5:p:82-:d:1381615
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    References listed on IDEAS

    as
    1. Nicole E. Peterman & Jessica Kennedy, 2003. "Enterprise Education: Influencing Students’ Perceptions of Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 28(2), pages 129-144, March.
    2. David B. Audretsch & Maksim Belitski, 2017. "Entrepreneurial ecosystems in cities: establishing the framework conditions," The Journal of Technology Transfer, Springer, vol. 42(5), pages 1030-1051, October.
    3. Elia, Gianluca & Margherita, Alessandro & Passiante, Giuseppina, 2020. "Digital entrepreneurship ecosystem: How digital technologies and collective intelligence are reshaping the entrepreneurial process," Technological Forecasting and Social Change, Elsevier, vol. 150(C).
    4. Bernard Surlemont, 2007. "Promoting Enterprising: A Strategic Move to Get Schools’ Cooperation in the Promotion of Entrepreneurship," Chapters, in: Alain Fayolle (ed.), Handbook of Research in Entrepreneurship Education, Volume 2, chapter 16, Edward Elgar Publishing.
    5. Alain Fayolle & Benoît Gailly, 2008. "From craft to science : Teaching models and learning processes in entrepreneurship education," Post-Print hal-02311755, HAL.
    Full references (including those not matched with items on IDEAS)

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