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Entrepreneurship, innovation and competitiveness: what is the connection?

Author

Listed:
  • João J. Ferreira
  • Cristina I. Fernandes
  • Vanessa Ratten

Abstract

Entrepreneurship has attracted growing interest about its role in decision-making policies capable of fostering economic and social development. There has also been an increased attention on how entrepreneurs innovate and in so doing consequently contribute to higher levels of international competitiveness. Following recourse to Global Entrepreneurship Monitor (GEM) and the Global Competitive Index (GCI) data, the objective of this study involves analysis of the interlinkages between three constructs: entrepreneurship, innovation and competitiveness across the three phases of development defined by the GEM. To this end, we analyse the influence of the entrepreneur profile not only through both their intrinsic and extrinsic knowledge but also through their innovation and competitiveness across the three GEM development phases. The results convey how the importance attributed to entrepreneurship is dependent on the stage of economic development and consequently may reflect in either a positive or negative impact on this same economic growth strategy.

Suggested Citation

  • João J. Ferreira & Cristina I. Fernandes & Vanessa Ratten, 2017. "Entrepreneurship, innovation and competitiveness: what is the connection?," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 18(1), pages 73-95.
    • Handle: RePEc:ids:ijbglo:v:18:y:2017:i:1:p:73-95
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    Citations

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    Cited by:

    1. Sufia Mohand-Amar & María del Mar Fuentes-Fuentes & Matilde Ruiz-Arroyo, 2024. "The relationship between high growth expectations and new venture creation in nascent entrepreneurs: The key role of competitive innovation," International Entrepreneurship and Management Journal, Springer, vol. 20(3), pages 2323-2345, September.
    2. Song, Malin & Xie, Qianjiao & Wang, Shuhong & Zhou, Li, 2021. "Intensity of environmental regulation and environmentally biased technology in the employment market," Omega, Elsevier, vol. 100(C).
    3. Lea Kubíčková & Martina Morávková & Marcela Tuzová & Igor Nečas, 2017. "The Role of Small and Medium-Sized Enterprises in the Development of Rural Areas," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 65(6), pages 1987-1996.
    4. Mohsen Mohammadi Khyareh & Nasrin Rostami, 2022. "Macroeconomic Conditions, Innovation and Competitiveness," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1321-1340, June.
    5. Yi‐Chun Huang & Li‐Ting Shih & Zhao‐Hong Cheng, 2024. "A multi‐level analysis of individual green entrepreneurial orientation: Evidence from Taiwan's environmental protection sectors," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3440-3462, May.
    6. Veland Ramadani & Hyrije Abazi-Alili & Léo-Paul Dana & Gadaf Rexhepi & Sadudin Ibraimi, 2017. "The impact of knowledge spillovers and innovation on firm-performance: findings from the Balkans countries," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 299-325, March.
    7. Zhelyu Vladimirov, 2021. "Mediating Role of Innovations as a Factor of Firm’s Competitiveness," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 407-429, September.
    8. Fernando Crecente-Romero & Mónica Giménez-Baldazo & María Teresa Val-Núñez, 2019. "Competitiveness and entrepreneurship rate in Europe during the economic recovery phase, 2012–2016," International Entrepreneurship and Management Journal, Springer, vol. 15(2), pages 455-470, June.
    9. Valentina Diana Rusu & Adina Dornean, 2019. "The Quality of Entrepreneurial Activity and Economic Competitiveness in European Union Countries: A Panel Data Approach," Administrative Sciences, MDPI, vol. 9(2), pages 1-21, April.
    10. Khanh Hung DOAN, 2021. "The Relationship Between Entrepreneurship And National Competitiveness," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 30(2), pages 65-76, December.
    11. Cervelló-Royo, Roberto & Moya-Clemente, Ismael & Perelló-Marin, M. Rosario & Ribes-Giner, Gabriela, 2022. "A configurational approach to a country’s entrepreneurship level: Innovation, financial and development factors," Journal of Business Research, Elsevier, vol. 140(C), pages 394-402.
    12. Mojca Svetek & Mateja Drnovsek, 2022. "Exploring the Effects of Types of Early-Stage Entrepreneurial Activity on Subjective Well-Being," Journal of Happiness Studies, Springer, vol. 23(1), pages 149-170, January.
    13. Sehoon Kim, 2022. "A Global Entrepreneurship Efficiency Benchmarking and Comparison Study based on National Systems of Entrepreneurship and Early-Stage Business: A Data Envelopment Analysis Approach," SAGE Open, , vol. 12(3), pages 21582440221, September.
    14. Abdullah Promise Opute & Kalu Ibe Kalu & Ogechi Adeola & Chux Gervase Iwu, 2021. "Steering Sustainable Economic Growth: Entrepreneurial Ecosystem Approach," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 7(2), pages 216-245, July.

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