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Orchestrating an Entrepreneurial Ecosystem in an emerging country: The lead actor’s role from a social capital perspective

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Listed:
  • Andrea Porras-Paez
  • Jana Schmutzler

    (Universidad del Norte, Colombia)

Abstract

During the recent years, the question of whether an Entrepreneurial Ecosystem emerges organically or is man-made has been disputed. This paper explores the case of an Entrepreneurial Ecosystem in a developing country. We argue that in the context of lagging industrial development and weak institutions, a lead actor needs to step in to aid the emergence of an Entrepreneurial Ecosystem. We argue that only a locally embedded actor who has the resource endowment and the legitimacy to do so can assume such a role. By applying social capital theory, we show that deliberate strategies by this lead actor to densify the social network within the Entrepreneurial Ecosystem will assist in establishing trust and future collaboration, which will result in productive entrepreneurship.

Suggested Citation

  • Andrea Porras-Paez & Jana Schmutzler, 2019. "Orchestrating an Entrepreneurial Ecosystem in an emerging country: The lead actor’s role from a social capital perspective," Local Economy, London South Bank University, vol. 34(8), pages 767-786, December.
    • Handle: RePEc:sae:loceco:v:34:y:2019:i:8:p:767-786
    DOI: 10.1177/0269094219896269
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    References listed on IDEAS

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    2. Mirella Schrijvers & Erik Stam & Niels Bosma, 2024. "Figuring it out: configurations of high-performing entrepreneurial ecosystems in Europe," Regional Studies, Taylor & Francis Journals, vol. 58(5), pages 1096-1110, May.
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