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The evolutionary dynamics of entrepreneurial ecosystems

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  • Elizabeth Mack
  • Heike Mayer

Abstract

Entrepreneurial ecosystems (EE) consist of interacting components, which foster new firm formation and associated regional entrepreneurial activities. Current work on EE, however, focuses on documenting the presence of system components, which means there is little understanding of interdependencies between EE components and their evolutionary dynamics. To address these issues, the objective of the present study is to develop an evolutionary framework of EE development that integrates important components from prior work and describes how critical elements of an entrepreneurial system interact and evolve over time. The value of this framework in understanding the evolutionary dynamics of EE will be demonstrated by profiling the EE of Phoenix, Arizona. The evolutionary perspective developed is valuable because it provides a sense of how history, culture and the institutional setting impact EE. It also provides stakeholders with action points to help maintain or propel an EE to the next level. This is a distinct improvement over static approaches that provide a list of EE ingredients with no sense of their relative importance over time. The proposed framework may also be used in a comparative context to compare and contrast the evolutionary trajectory of EE to better understand why particular places remain trapped in a specific phase of growth or continue to evolve over time.

Suggested Citation

  • Elizabeth Mack & Heike Mayer, 2016. "The evolutionary dynamics of entrepreneurial ecosystems," Urban Studies, Urban Studies Journal Limited, vol. 53(10), pages 2118-2133, August.
    • Handle: RePEc:sae:urbstu:v:53:y:2016:i:10:p:2118-2133
    DOI: 10.1177/0042098015586547
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    References listed on IDEAS

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    1. Heike Mayer, 2011. "Entrepreneurship and Innovation in Second Tier Regions," Books, Edward Elgar Publishing, number 12754.
    2. Helen Lawton Smith & Saverio Romeo & Shamistha Bagchi-Sen, 2008. "Oxfordshire biomedical university spin-offs: an evolving system," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 1(2), pages 303-319.
    3. Colin Mason & Richard Harrison, 2006. "After the exit: Acquisitions, entrepreneurial recycling and regional economic development," Regional Studies, Taylor & Francis Journals, vol. 40(1), pages 55-73.
    4. Boyd Cohen, 2006. "Sustainable valley entrepreneurial ecosystems," Business Strategy and the Environment, Wiley Blackwell, vol. 15(1), pages 1-14, January.
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    Citations

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    Cited by:

    1. Philip T. Roundy, 2017. "Hybrid organizations and the logics of entrepreneurial ecosystems," International Entrepreneurship and Management Journal, Springer, vol. 13(4), pages 1221-1237, December.
    2. James A. Cunningham & Matthias Menter & Katharine Wirsching, 2019. "Entrepreneurial ecosystem governance: a principal investigator-centered governance framework," Small Business Economics, Springer, vol. 52(2), pages 545-562, February.
    3. Abraham K. Song, 2019. "The Digital Entrepreneurial Ecosystem—a critique and reconfiguration," Small Business Economics, Springer, vol. 53(3), pages 569-590, October.
    4. M. Isabel Sánchez-Hernández & Juan José Maldonado-Briegas, 2019. "Sustainable Entrepreneurial Culture Programs Promoting Social Responsibility: A European Regional Experience," Sustainability, MDPI, vol. 11(13), pages 1-19, July.
    5. Roundy, Philip T. & Brockman, Beverly K. & Bradshaw, Mike, 2017. "The resilience of entrepreneurial ecosystems," Journal of Business Venturing Insights, Elsevier, vol. 8(C), pages 99-104.
    6. 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).
    7. Heike Mayer, Birgit Leick, 2018. "Entrepreneurship and ageing: Exploring an economic geography perspective," Diskussionsschriften credresearchpaper22, Universitaet Bern, Departement Volkswirtschaft - CRED.
    8. F.C. Stam & Ben Spigel, 2016. "Entrepreneurial Ecosystems," Working Papers 16-13, Utrecht School of Economics.
    9. Chao Zhang & Jiancheng Guan, 2017. "How to identify metaknowledge trends and features in a certain research field? Evidences from innovation and entrepreneurial ecosystem," Scientometrics, Springer;Akadémiai Kiadó, vol. 113(2), pages 1177-1197, November.
    10. F.C. Stam & Andrew van de Ven, 2018. "Entrepreneurial Ecosystems: A Systems Perspective," Working Papers 18-06, Utrecht School of Economics.
    11. Angelo Cavallo & Antonio Ghezzi & Raffaello Balocco, 2019. "Entrepreneurial ecosystem research: present debates and future directions," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1291-1321, December.
    12. Roundy, Philip T. & Bradshaw, Mike & Brockman, Beverly K., 2018. "The emergence of entrepreneurial ecosystems: A complex adaptive systems approach," Journal of Business Research, Elsevier, vol. 86(C), pages 1-10.
    13. Meriem Mengi Elayoubi, 2019. "Regional entrepreneurship : the role of communication between actors in local network. An application in southwest France [Entrepreneuriat régional : le rôle de la communication entre acteurs dans ," Post-Print hal-02388485, HAL.
    14. Eva Komlosi & Balazs Pager & Gabor Markus, 2019. "Entrepreneurial Innovations in Countries at Different Stages of Development," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 13(4), pages 23-34.
    15. Philip T. Roundy, 2019. "“It takes a village” to support entrepreneurship: intersecting economic and community dynamics in small town entrepreneurial ecosystems," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1443-1475, December.
    16. Candida Brush & Linda F. Edelman & Tatiana Manolova & Friederike Welter, 2019. "A gendered look at entrepreneurship ecosystems," Small Business Economics, Springer, vol. 53(2), pages 393-408, August.
    17. Elisa Villani & Christian Lechner, 2019. "The emergence of an innovation ecosystem in a low innovation region: Disrupting inertia by a young university," BEMPS - Bozen Economics & Management Paper Series BEMPS63, Faculty of Economics and Management at the Free University of Bozen.

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