IDEAS home Printed from https://ideas.repec.org/a/pal/palcom/v11y2024i1d10.1057_s41599-024-02817-9.html
   My bibliography  Save this article

Innovation dynamics within the entrepreneurial ecosystem: a content analysis-based literature review

Author

Listed:
  • Rishi Kant Kumar

    (Chandragupt Institute of Management Patna)

  • Srinivas Subbarao Pasumarti

    (NALSAR University of Law)

  • Ronnie Joshe Figueiredo

    (Polytechnic Leiria)

  • Rana Singh

    (Chandragupt Institute of Management Patna)

  • Sachi Rana

    (Dewan Institute of Management Studies CCS University)

  • Kumod Kumar

    (Chandragupt Institute of Management Patna)

  • Prashant Kumar

    (O.P. Jindal Global University)

Abstract

Entrepreneurial ecosystems (EEs) delineate concepts from varied streams of literature originating from multiple stakeholders and are diagnosed by different levels of analysis. Taking up a sample of 392 articles, this study examines how innovation fosters the emergence of self-operative and self-corrective entrepreneurial ecosystems in the wake of automatic market disruptions. It also finds that measures lending vitality and sustainability to economic systems across the world through a mediating role played by governments, along with synergies exhibited by academia and “visionpreneurs” at large, give rise to aspiring entrepreneurs. The study also aligns past practices with trending technologies to enrich job markets and strengthen entrepreneurial networks through spillover and speciation. The research offers valuable insights into entrepreneurial ecosystems’ practical policy implications and self-regulating mechanisms, and it suggests that governments overseeing these entrepreneurial ecosystems should identify and nurture the existing strengths within them. Additionally, entrepreneurial ecosystems can benefit from government support through subsidies and incentives to encourage growth. In collaboration with university research, specialized incubation centers can play a pivotal role in creating new infrastructures that foster current and future entrepreneurial development.

Suggested Citation

  • Rishi Kant Kumar & Srinivas Subbarao Pasumarti & Ronnie Joshe Figueiredo & Rana Singh & Sachi Rana & Kumod Kumar & Prashant Kumar, 2024. "Innovation dynamics within the entrepreneurial ecosystem: a content analysis-based literature review," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.
    • Handle: RePEc:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-02817-9
    DOI: 10.1057/s41599-024-02817-9
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/s41599-024-02817-9
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1057/s41599-024-02817-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Elias Carayannis & David Campbell, 2011. "Open Innovation Diplomacy and a 21st Century Fractal Research, Education and Innovation (FREIE) Ecosystem: Building on the Quadruple and Quintuple Helix Innovation Concepts and the “Mode 3” Knowledge ," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 2(3), pages 327-372, September.
    2. Philip T. Roundy, 2016. "Start-up Community Narratives: The Discursive Construction of Entrepreneurial Ecosystems," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 25(2), pages 232-248, September.
    3. Tiwary, Nishant Kumar & Kumar, Rishi Kant & Sarraf, Shagun & Kumar, Prashant & Rana, Nripendra P., 2021. "Impact assessment of social media usage in B2B marketing: A review of the literature and a way forward," Journal of Business Research, Elsevier, vol. 131(C), pages 121-139.
    4. Shaker A. Zahra & Satish Nambisan, 2011. "Entrepreneurship in global innovation ecosystems," AMS Review, Springer;Academy of Marketing Science, vol. 1(1), pages 4-17, March.
    5. Thuong T. Le & Monideepa Tarafdar, 2009. "Business ecosystem perspective on value co-creation in the Web 2.0 era: implications for entrepreneurial opportunities," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 1(2), pages 112-130.
    6. Schaeffer, Paola Rücker & Guerrero, Maribel & Fischer, Bruno Brandão, 2021. "Mutualism in ecosystems of innovation and entrepreneurship: A bidirectional perspective on universities’ linkages," Journal of Business Research, Elsevier, vol. 134(C), pages 184-197.
    7. Christine Volkmann & Klaus Fichter & Magnus Klofsten & David B. Audretsch, 2021. "Sustainable entrepreneurial ecosystems: an emerging field of research," Small Business Economics, Springer, vol. 56(3), pages 1047-1055, February.
    8. Noriko Yoda & Kenichi Kuwashima, 2020. "Triple Helix of University–Industry–Government Relations in Japan: Transitions of Collaborations and Interactions," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(3), pages 1120-1144, September.
    9. Rosado-Serrano, Alexander & Paul, Justin & Dikova, Desislava, 2018. "International franchising: A literature review and research agenda," Journal of Business Research, Elsevier, vol. 85(C), pages 238-257.
    10. Bruno Brandão Fischer & Paola Rücker Schaeffer & Nicholas S. Vonortas & Sérgio Queiroz, 2018. "Quality comes first: university-industry collaboration as a source of academic entrepreneurship in a developing country," The Journal of Technology Transfer, Springer, vol. 43(2), pages 263-284, April.
    11. Moon Gyu Kim & Ji-Hwan Lee & Taewoo Roh & Hosung Son, 2020. "Social Entrepreneurship Education as an Innovation Hub for Building an Entrepreneurial Ecosystem: The Case of the KAIST Social Entrepreneurship MBA Program," Sustainability, MDPI, vol. 12(22), pages 1-23, November.
    12. Ross Brown, 2016. "Mission impossible? Entrepreneurial universities and peripheral regional innovation systems," Industry and Innovation, Taylor & Francis Journals, vol. 23(2), pages 189-205, February.
    13. Robert Huggins & Piers Thompson, 2020. "Human agency, entrepreneurship and regional development: a behavioural perspective on economic evolution and innovative transformation," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 32(7-8), pages 573-589, August.
    14. David J. Teece, 2007. "Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance," Strategic Management Journal, Wiley Blackwell, vol. 28(13), pages 1319-1350, December.
    15. Liliya Satalkina & Gerald Steiner, 2020. "Digital Entrepreneurship and its Role in Innovation Systems: A Systematic Literature Review as a Basis for Future Research Avenues for Sustainable Transitions," Sustainability, MDPI, vol. 12(7), pages 1-27, April.
    16. Ethan Gifford & Maureen McKelvey & Rögnvaldur Saemundsson, 2021. "The evolution of knowledge-intensive innovation ecosystems: co-evolving entrepreneurial activity and innovation policy in the West Swedish maritime system," Industry and Innovation, Taylor & Francis Journals, vol. 28(5), pages 651-676, May.
    17. Tai-Shan Hu & Cheng-Wei Yu & Ping-Ching Chia, 2018. "Knowledge exchange types and strategies on the innovation interactions between KIBS firms and their clients in Taiwan," Cogent Business & Management, Taylor & Francis Journals, vol. 5(1), pages 1534527-153, January.
    18. Leone, Robert P. & Robinson, Larry M. & Bragge, Johanna & Somervuori, Outi, 2012. "A citation and profiling analysis of pricing research from 1980 to 2010," Journal of Business Research, Elsevier, vol. 65(7), pages 1010-1024.
    19. Mats Alvesson & Jörgen Sandberg, 2020. "The Problematizing Review: A Counterpoint to Elsbach and Van Knippenberg’s Argument for Integrative Reviews," Journal of Management Studies, Wiley Blackwell, vol. 57(6), pages 1290-1304, September.
    20. Anita Pansari & V. Kumar, 2017. "Customer engagement: the construct, antecedents, and consequences," Journal of the Academy of Marketing Science, Springer, vol. 45(3), pages 294-311, May.
    21. Scott A. Shane & Karl T. Ulrich, 2004. "50th Anniversary Article: Technological Innovation, Product Development, and Entrepreneurship in Management Science," Management Science, INFORMS, vol. 50(2), pages 133-144, February.
    22. Magnus Henrekson & Anders Kärnä & Tino Sanandaji, 2022. "Schumpeterian entrepreneurship: coveted by policymakers but impervious to top-down policymaking," Journal of Evolutionary Economics, Springer, vol. 32(3), pages 867-890, July.
    23. Johnson, Evan & Hemmatian, Iman & Lanahan, Lauren & Joshi, Amol M., 2022. "A Framework and Databases for Measuring Entrepreneurial Ecosystems," Research Policy, Elsevier, vol. 51(2).
    24. Johnson, Evan E. & Hemmatian, Iman & Lanahan, Lauren & Joshi, Amol M., 2022. "A framework and databases for measuring entrepreneurial ecosystems," Research Policy, Elsevier, vol. 51(9).
    25. David B. Audretsch & Georg M. Eichler & Erich J. Schwarz, 2022. "Emerging needs of social innovators and social innovation ecosystems," International Entrepreneurship and Management Journal, Springer, vol. 18(1), pages 217-254, March.
    26. Nees Jan Eck & Ludo Waltman, 2010. "Software survey: VOSviewer, a computer program for bibliometric mapping," Scientometrics, Springer;Akadémiai Kiadó, vol. 84(2), pages 523-538, August.
    27. Maribel Guerrero & David Urbano & Alain Fayolle & Magnus Klofsten & Sarfraz Mian, 2016. "Entrepreneurial universities: emerging models in the new social and economic landscape," Small Business Economics, Springer, vol. 47(3), pages 551-563, October.
    28. Garnsey, Elizabeth & Lorenzoni, Gianni & Ferriani, Simone, 2008. "Speciation through entrepreneurial spin-off: The Acorn-ARM story," Research Policy, Elsevier, vol. 37(2), pages 210-224, March.
    29. May Portuguez-Castro, 2023. "Exploring the Potential of Open Innovation for Co-Creation in Entrepreneurship: A Systematic Literature Review," Administrative Sciences, MDPI, vol. 13(9), pages 1-18, September.
    30. Nanette S. Levinson, 2010. "Innovation in cross-national alliance ecosystems," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 11(3), pages 258-263.
    31. Elizabeth Garnsey & Yuen Yoong Leong, 2008. "Combining Resource-Based and Evolutionary Theory to Explain the Genesis of Bio-networks," Industry and Innovation, Taylor & Francis Journals, vol. 15(6), pages 669-686.
    32. Fahimeh Khatami & Veronica Scuotto & Norris Krueger & Valter Cantino, 2022. "The influence of the entrepreneurial ecosystem model on sustainable innovation from a macro-level lens," International Entrepreneurship and Management Journal, Springer, vol. 18(4), pages 1419-1451, December.
    33. Christopher S. Hayter, 2016. "A trajectory of early-stage spinoff success: the role of knowledge intermediaries within an entrepreneurial university ecosystem," Small Business Economics, Springer, vol. 47(3), pages 633-656, October.
    34. Demetri Kantarelis, 2009. "Entrepreneurship in the USA: architecture, market structure and incentives," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 9(3), pages 191-203.
    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. Jeffrey Muldoon & Younggeun Lee & Eric W. Liguori & Saumyaranjan Sahoo & Satish Kumar, 2024. "Mapping the entrepreneurship ecosystem scholarship: current state and future directions," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 3035-3080, December.
    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. Ross Brown & Colin Mason, 2017. "Looking inside the spiky bits: a critical review and conceptualisation of entrepreneurial ecosystems," Small Business Economics, Springer, vol. 49(1), pages 11-30, June.
    4. Centobelli, Piera & Cerchione, Roberto & Esposito, Emilio & Shashi,, 2019. "Exploration and exploitation in the development of more entrepreneurial universities: A twisting learning path model of ambidexterity," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 172-194.
    5. Paola Rucker Schaeffer & Bruno Fischer & Sergio Queiroz, 2018. "Beyond Education: The Role of Research Universities in Innovation Ecosystems," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 12(2), pages 50-61.
    6. Prokop, Daniel, 2021. "University entrepreneurial ecosystems and spinoff companies: Configurations, developments and outcomes," Technovation, Elsevier, vol. 107(C).
    7. Gabriel Brătucu & Radu Constantin Lixăndroiu & Cristinel Petrișor Constantin & Alina Simona Tecău & Ioana Bianca Chițu & Adrian Trifan, 2020. "Entrepreneurial University: Catalyst for Regional Sustainable Development," Sustainability, MDPI, vol. 12(10), pages 1-17, May.
    8. Belussi, Fiorenza & Orsi, Luigi & Savarese, Maria, 2019. "Mapping Business Model Research: A Document Bibliometric Analysis," Scandinavian Journal of Management, Elsevier, vol. 35(3).
    9. Stephen Mago & Stephan van der Merwe, 2023. "Exploring Entrepreneurial Ecosystems in Developed Countries: A Systematic Review," SAGE Open, , vol. 13(4), pages 21582440231, December.
    10. Khlystova, Olena & Kalyuzhnova, Yelena & Belitski, Maksim, 2022. "The impact of the COVID-19 pandemic on the creative industries: A literature review and future research agenda," Journal of Business Research, Elsevier, vol. 139(C), pages 1192-1210.
    11. Tiwary, Nishant Kumar & Kumar, Rishi Kant & Sarraf, Shagun & Kumar, Prashant & Rana, Nripendra P., 2021. "Impact assessment of social media usage in B2B marketing: A review of the literature and a way forward," Journal of Business Research, Elsevier, vol. 131(C), pages 121-139.
    12. Schaeffer, Paola Rücker & Guerrero, Maribel & Fischer, Bruno Brandão, 2021. "Mutualism in ecosystems of innovation and entrepreneurship: A bidirectional perspective on universities’ linkages," Journal of Business Research, Elsevier, vol. 134(C), pages 184-197.
    13. Meissner, Dirk & Zhou, Yuan & Fischer, Bruno & Vonortas, Nicholas, 2022. "A multilayered perspective on entrepreneurial universities: looking into the dynamics of joint university-industry labs," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    14. Gomes, Leonardo Augusto de Vasconcelos & Facin, Ana Lucia Figueiredo & Salerno, Mario Sergio & Ikenami, Rodrigo Kazuo, 2018. "Unpacking the innovation ecosystem construct: Evolution, gaps and trends," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 30-48.
    15. Igors Skute, 2019. "Opening the black box of academic entrepreneurship: a bibliometric analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 120(1), pages 237-265, July.
    16. Meng, Donghui & Li, Xianjun & Rong, Ke, 2019. "Industry-to-university knowledge transfer in ecosystem-based academic entrepreneurship: Case study of automotive dynamics & control group in Tsinghua University," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 249-262.
    17. Piñeiro-Chousa, Juan & López-Cabarcos, M. Ángeles & Romero-Castro, Noelia María & Pérez-Pico, Ada María, 2020. "Innovation, entrepreneurship and knowledge in the business scientific field: Mapping the research front," Journal of Business Research, Elsevier, vol. 115(C), pages 475-485.
    18. Muhammad Farooq Islam & Ozge Can, 2024. "Integrating digital and sustainable entrepreneurship through business models: a bibliometric analysis," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 14(1), pages 1-18, December.
    19. Luis Araya-Castillo & Felipe Hernández-Perlines & Hugo Moraga & Antonio Ariza-Montes, 2021. "Scientometric Analysis of Research on Socioemotional Wealth," Sustainability, MDPI, vol. 13(7), pages 1-26, March.
    20. Veronica Scuotto & Gabriele Santoro & Armando Papa & Elias G. Carayannis, 2017. "Triggering open service innovation through social media networks," MERCATI & COMPETITIVIT?, FrancoAngeli Editore, vol. 2017(3), pages 21-40.

    More about this item

    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:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-02817-9. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: https://www.nature.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.