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Regional Cooperation in a Thriving Entrepreneurial Economy: A Holistic View on Innovation, Entrepreneurship and Economic Development

Author

Listed:
  • Bernd Peter Platzek

    (Institute of Automation & Industrial Management (IAIM), FOM University of Applied Sciences, Study Centre Munich, Arnulfstr. 30, 80335 Munich, Germany)

  • Leon Pretorius

    (Department of Engineering and Technology Management, University of Pretoria, Lynnwood Road, Pretoria SA 0002, South Africa)

Abstract

In this research, we investigate the role of innovation and entrepreneurship as well as entrepreneurial communities in the process of economic growth and development. Current research on development issues strongly focusses either on the micro-level or on the macro-level of national economies disregarding the holistic nature of economic development. Entrepreneurial communities represent a conceptual link between the macro-perspective on economic development and the micro-perspective on entrepreneurial initiatives as a tipping point for economic development. In this paper, we present a theoretical construct of entrepreneurial communities. Additionally, we introduce a qualitative model of thriving entrepreneurial economies following a holistic perspective on development issues. The theoretical analysis is based on systems thinking and systems approaches to management. Structures of entrepreneurial communities and networking between regional communities will be explored and reflected in a theoretical exploration. The introduced theoretical construct of an entrepreneurial community is based on living systems theory. The qualitative systems model of the thriving entrepreneurial economy is deduced from a descriptive model (word model).

Suggested Citation

  • Bernd Peter Platzek & Leon Pretorius, 2020. "Regional Cooperation in a Thriving Entrepreneurial Economy: A Holistic View on Innovation, Entrepreneurship and Economic Development," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 17(03), pages 1-24, May.
    • Handle: RePEc:wsi:ijitmx:v:17:y:2020:i:03:n:s0219877020500145
    DOI: 10.1142/S0219877020500145
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    Cited by:

    1. Antonio Manuel Ciruela-Lorenzo & Ana González-Sánchez & Juan José Plaza-Angulo, 2020. "An Exploratory Study on Social Entrepreneurship, Empowerment and Peace Process. The Case of Colombian Women Victims of the Armed Conflict," Sustainability, MDPI, vol. 12(24), pages 1-26, December.

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