As such, political bodies and governments worldwide view entrepreneurship as a cornerstone to any national economic growth and resilience agenda (see for example the OECD, UK Industrial Strategy 2017, USA Comprehensive Economic Development Strategy, among many others). High-growth entrepreneurial ventures are prized for their ability to innovate new products and services, improve wealth, enhance living standards, and contribute to communities in general (Uyarra and Ramlogan 2016). We contribute to a conceptualization of effective ecosystems as reliant on networks, we reveal the behavior and governance characteristics at play in the entrepreneurial ecosystem during each phase of its evolution.Įntrepreneurship plays a pivotal role in economic growth (Davidson et al. Using mixed methods and data collected over 3 years, we reveal a cyclical process of relational development central to the initiation, development, and maintenance phases of a valuable entrepreneurial ecosystem. In response, we provide a longitudinal ethnographic study examining how ecosystems are managed and evolve in their relational configurations and governance at critical junctures. There has been little conceptual treatment of the behavioral and governance factors that underpin how quality interactions composing an entrepreneurial ecosystem develop and change over time.
However, merely focusing on actor-level characterizations dilutes the notion that social relationships change and are complex. Research has focused considerable efforts in refining the structure and content of resources found within these networked relationships. It is widely accepted that entrepreneurial ecosystems possess a variety of symbiotic relationships. We conceptualize entrepreneurial ecosystems as fundamentally reliant on networks and explore how and under what conditions inter-organizational networks lead an entrepreneurial ecosystem to form and evolve.
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