IDEAS home Printed from https://ideas.repec.org/a/vrs/ecothe/v57y2019i3p365-379n7.html
   My bibliography  Save this article

The Strategic Role of Local Community and Significance in Sustainable Entrepreneurial Ecosystem Development

Author

Listed:
  • Grujić Milica

    (University of Belgrade, Faculty of organizational sciences, Republic of Serbia)

Abstract

The stimulation of entrepreneurship development is one of the most effective local community developing strategies, therefore, entrepreneurship is regarded as the key initiator of innovation and technological development within a local community. Local community improvement leads to the improvement of the entire entrepreneurial ecosystem it belongs to. In this paper, the role of local community in entrepreneurial ecosystem is regarded through local community investment, since it’s considered one of the socially responsible investment strategies. The focus of the paper is the case study on the example of Cross Border Development Office between the Municipality of Zitiste in the Republic of Serbia and the Municipality of Sakalaz in Romania. The research focuses on the local community investment and the activities of the Office that have led to the improvement of economic and social indicators in the community as an entrepreneurial ecosystem actor

Suggested Citation

  • Grujić Milica, 2019. "The Strategic Role of Local Community and Significance in Sustainable Entrepreneurial Ecosystem Development," Economic Themes, Sciendo, vol. 57(3), pages 365-379, September.
    • Handle: RePEc:vrs:ecothe:v:57:y:2019:i:3:p:365-379:n:7
    DOI: 10.2478/ethemes-2019-0021
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/ethemes-2019-0021
    Download Restriction: no
    File URL: https://libkey.io/10.2478/ethemes-2019-0021?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
    ---><---

    References listed on IDEAS

    as
    1. Heinkel, Robert & Kraus, Alan & Zechner, Josef, 2001. "The Effect of Green Investment on Corporate Behavior," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 36(4), pages 431-449, December.
    2. Deborah M. Markley & Thomas S. Lyons & Donald W. Macke, 2015. "Creating entrepreneurial communities: building community capacity for ecosystem development," Community Development, Taylor & Francis Journals, vol. 46(5), pages 580-598, December.
    3. Scaringella, Laurent & Radziwon, Agnieszka, 2018. "Innovation, entrepreneurial, knowledge, and business ecosystems: Old wine in new bottles?," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 59-87.
    4. Patricia Crifo & Nicolas Mottis, 2013. "Socially Responsible Investment in France," Post-Print hal-01410590, HAL.
    5. Graça, Paula & Camarinha-Matos, Luís M., 2017. "Performance indicators for collaborative business ecosystems — Literature review and trends," Technological Forecasting and Social Change, Elsevier, vol. 116(C), pages 237-255.
    6. Xu, Guannan & Wu, Yuchen & Minshall, Tim & Zhou, Yuan, 2018. "Exploring innovation ecosystems across science, technology, and business: A case of 3D printing in China," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 208-221.
    7. Thomas S. Lyons, 2015. "Entrepreneurship and community development: what matters and why?," Community Development, Taylor & Francis Journals, vol. 46(5), pages 456-460, December.
    8. Laurent Scaringella & Agnieszka Radziwon, 2018. "Innovative Entrepreneurial Knowledge-based Business Ecosystems: Old Wine in New Bottles?," Post-Print hal-01953922, HAL.
    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. Georgy B. Kleiner & Maksim A. Rybachuk & Venera A. Karpinskaya, 2020. "Development of ecosystems in the financial sector of Russia," Upravlenets, Ural State University of Economics, vol. 11(4), pages 2-15, September.
    2. Arenal, Alberto & Armuña, Cristina & Feijoo, Claudio & Ramos, Sergio & Xu, Zimu & Moreno, Ana, 2020. "Innovation ecosystems theory revisited: The case of artificial intelligence in China," Telecommunications Policy, Elsevier, vol. 44(6).
    3. Gomes, Leonardo Augusto de Vasconcelos & Flechas, Ximena Alejandra & Facin, Ana Lucia Figueiredo & Borini, Felipe Mendes, 2021. "Ecosystem management: Past achievements and future promises," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    4. Marzena Kramarz & Lilla Knop & Edyta Przybylska & Katarzyna Dohn, 2021. "Stakeholders of the Multimodal Freight Transport Ecosystem in Polish–Czech–Slovak Cross-Border Area," Energies, MDPI, vol. 14(8), pages 1-32, April.
    5. Sun, Qiao & Wang, Chang & Zhou, Yifang & Zuo, Lyushui & Song, Huiling, 2023. "How to build business ecosystems for e-waste online recycling platforms: A comparative study of two typical cases in China," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    6. Cobben, Dieudonnee & Ooms, Ward & Roijakkers, Nadine & Radziwon, Agnieszka, 2022. "Ecosystem types: A systematic review on boundaries and goals," Journal of Business Research, Elsevier, vol. 142(C), pages 138-164.
    7. 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.
    8. Radziwon, Agnieszka & Bogers, Marcel, 2019. "Open innovation in SMEs: Exploring inter-organizational relationships in an ecosystem," Technological Forecasting and Social Change, Elsevier, vol. 146(C), pages 573-587.
    9. Gomes, Leonardo Augusto de Vasconcelos & Facin, Ana Lucia Figueiredo & Salerno, Mario Sergio, 2021. "Managing uncertainty propagation in innovation ecosystems," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    10. Dragana Radicic & Geoffrey Pugh & David Douglas, 2020. "Promoting cooperation in innovation ecosystems: evidence from European traditional manufacturing SMEs," Small Business Economics, Springer, vol. 54(1), pages 257-283, January.
    11. Malte Jütting, 2020. "Exploring Mission-Oriented Innovation Ecosystems for Sustainability: Towards a Literature-Based Typology," Sustainability, MDPI, vol. 12(16), pages 1-28, August.
    12. Patrycja Klimas & Wojciech Czakon, 2022. "Gaming innovation ecosystem: actors, roles and co-innovation processes," Review of Managerial Science, Springer, vol. 16(7), pages 2213-2259, October.
    13. Patrycja Klimas & Wojciech Czakon, 2022. "Species in the wild: a typology of innovation ecosystems," Review of Managerial Science, Springer, vol. 16(1), pages 249-282, January.
    14. Lorena Espina-Romero & Jesús Guerrero-Alcedo & José Gregorio Noroño Sánchez & Angélica Ochoa-Díaz, 2022. "What Are the Topics That Business Ecosystems Navigate? Updating of Scientific Activity and Future Research Agenda," Sustainability, MDPI, vol. 14(23), pages 1-14, December.
    15. Jeandri Robertson, 2020. "Competition in Knowledge Ecosystems: A Theory Elaboration Approach Using a Case Study," Sustainability, MDPI, vol. 12(18), pages 1-19, September.
    16. Dionisio, Eduardo Avancci & Inácio Júnior, Edmundo & Fischer, Bruno Brandão, 2021. "Country-level efficiency and the index of dynamic entrepreneurship: Contributions from an efficiency approach," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    17. Cha, Hongryol, 2020. "A paradigm shift in the global strategy of MNEs towards business ecosystems: A research agenda for new theory development," Journal of International Management, Elsevier, vol. 26(3).
    18. Shi, Xianwei & Liang, Xingkun & Luo, Yining, 2023. "Unpacking the intellectual structure of ecosystem research in innovation studies," Research Policy, Elsevier, vol. 52(6).
    19. Roberto Osorno-Hinojosa & Mikko Koria & Delia del Carmen Ramírez-Vázquez & Gabriela Calvario, 2023. "Designing Platforms for Micro and Small Enterprises in Emerging Economies: Sharing Value through Open Innovation," Sustainability, MDPI, vol. 15(14), pages 1-17, July.
    20. Cobben, Dieudonnee & Ooms, Ward & Roijakkers, Nadine, 2023. "Indicators for innovation ecosystem health: A Delphi study," Journal of Business Research, Elsevier, vol. 162(C).

    More about this item

    Keywords

    Local community investment; socially responsible investment; entrepreneurial ecosystem; sustainability;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

    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:vrs:ecothe:v:57:y:2019:i:3:p:365-379:n:7. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.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.