IDEAS home Printed from https://ideas.repec.org/a/gam/jadmsc/v14y2024i5p82-d1381615.html

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2076-3387/14/5/82/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2076-3387/14/5/82/
    Download Restriction: no
    ---><---

    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. K. Bruns & N. Bosma & M. Sanders & M. Schramm, 2017. "Searching for the existence of entrepreneurial ecosystems: a regional cross-section growth regression approach," Small Business Economics, Springer, vol. 49(1), pages 31-54, June.
    5. 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.
    6. Jonathan Levie & Erkko Autio, 2008. "A theoretical grounding and test of the GEM model," Small Business Economics, Springer, vol. 31(3), pages 235-263, October.
    7. Alain Fayolle & Benoît Gailly, 2008. "From craft to science : Teaching models and learning processes in entrepreneurship education," Post-Print hal-02311755, HAL.
    8. Maria Petrescu, 2019. "From marketing to public value: towards a theory of public service ecosystems," Public Management Review, Taylor & Francis Journals, vol. 21(11), pages 1733-1752, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Venâncio, Ana & Picoto, Winnie & Pinto, Inês, 2023. "Time-to-unicorn and digital entrepreneurial ecosystems," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    2. Silva, Lucas Emmanuel Nascimento & Gomes, Leonardo Augusto de Vasconcelos & Faria, Aline Mariane de & Borini, Felipe Mendes, 2024. "Innovation processes in ecosystem settings: An integrative framework and future directions," Technovation, Elsevier, vol. 132(C).
    3. Muhammad Faraz Riaz & João Leitão & Uwe Cantner, 2022. "Measuring the efficiency of an entrepreneurial ecosystem at municipality level: does institutional transparency play a moderating role?," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(1), pages 151-176, March.
    4. Theodoraki, Christina & Dana, Léo-Paul & Caputo, Andrea, 2022. "Building sustainable entrepreneurial ecosystems: A holistic approach," Journal of Business Research, Elsevier, vol. 140(C), pages 346-360.
    5. Christina Theodoraki & Alexis Catanzaro, 2022. "Widening the borders of entrepreneurial ecosystem through the international lens," The Journal of Technology Transfer, Springer, vol. 47(2), pages 383-406, April.
    6. Ioannis Sitaridis & Fotis Kitsios, 2020. "Competitiveness analysis and evaluation of entrepreneurial ecosystems: a multi-criteria approach," Annals of Operations Research, Springer, vol. 294(1), pages 377-399, November.
    7. André Cherubini Alves & Bruno Brandão Fischer & Nicholas S. Vonortas, 2021. "Ecosystems of entrepreneurship: configurations and critical dimensions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 67(1), pages 73-106, August.
    8. Chaudhary, Sanjay & Kaur, Puneet & Ferraris, Alberto & Bresciani, Stefano & Dhir, Amandeep, 2024. "Connecting entrepreneurial ecosystem and innovation. Grasping at straws or hitting a home run?," Technovation, Elsevier, vol. 130(C).
    9. Rocha, Augusto & Brown, Ross & Mawson, Suzanne, 2021. "Capturing conversations in entrepreneurial ecosystems," Research Policy, Elsevier, vol. 50(9).
    10. Arnauld Bessagnet & Joan Crespo & Jerome Vicente, 2023. "How is the literature on Digital Entrepreneurial Ecosystems structured? A socio-semantic network approach," Papers in Evolutionary Economic Geography (PEEG) 2320, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2023.
    11. Carolin Maaßen & Tatiana Lopez & David Urbano, 2025. "Institutional enablers for sustainable entrepreneurship: a configurational analysis," Small Business Economics, Springer, vol. 65(3), pages 1909-1930, October.
    12. Reis, Germano Glufke & Villar, Eduardo Guedes & Prado Gimenez, Fernando Antonio & Maiolino Molento, Carla Forte & Ferri, Priscila, 2022. "The interplay of entrepreneurial ecosystems and global value chains: Insights from the cultivated meat entrepreneurial ecosystem of Singapore," Technology in Society, Elsevier, vol. 71(C).
    13. Amon Simba & Patient Rambe & Samuel Ribeiro Navarrete & Maria Teresa Palomo Vadillo, 2024. "A technostress–entrepreneurship nexus in the developing world," International Entrepreneurship and Management Journal, Springer, vol. 20(3), pages 2019-2046, September.
    14. Daniel L. Bennett, 2021. "Local economic freedom and creative destruction in America," Small Business Economics, Springer, vol. 56(1), pages 333-353, January.
    15. Paola Rucker Schaeffer & Bruno Fischer & Sergio Queiroz, 2018. "Beyond Education: The Role of Research Universities in Innovation Ecosystems," Foresight and STI Governance, National Research University Higher School of Economics, vol. 12(2), pages 50-61.
    16. Niels Bosma & Jeroen Content & Mark Sanders & Erik Stam, 2018. "Institutions, entrepreneurship, and economic growth in Europe," Small Business Economics, Springer, vol. 51(2), pages 483-499, August.
    17. Luiza Ossowska & Dorota Janiszewska & Grzegorz Kwiatkowski, 2023. "The Entrepreneurship Ecosystem of Food Festivals—A Vendors’ Approach," Sustainability, MDPI, vol. 15(2), pages 1-19, January.
    18. Fahimeh Khatami & Enrico Cagno & Luboš Smrčka & Zoltan Rozsa, 2024. "Assessing the role of FinTech in entrepreneurial ecosystems at the international level," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 3373-3402, December.
    19. Charfeddine, Lanouar & Zaouali, Sana, 2022. "The effects of financial inclusion and the business environment in spurring the creation of early-stage firms and supporting established firms," Journal of Business Research, Elsevier, vol. 143(C), pages 1-15.
    20. David B. Audretsch & James A. Cunningham & Donald F. Kuratko & Erik E. Lehmann & Matthias Menter, 2019. "Entrepreneurial ecosystems: economic, technological, and societal impacts," The Journal of Technology Transfer, Springer, vol. 44(2), pages 313-325, April.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jadmsc:v:14:y:2024:i:5:p:82-:d:1381615. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.