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The Influence of Business Ecosystems on Innovation-Based Industries: A Research on the Mechanical Sector in Italy

In: Emerging Issues in the Global Economy

Author

Listed:
  • Anatolie Caraganciu

    (Lucian Blaga University of Sibiu)

  • Fabio Musso

    (Carlo Bo University of Urbino)

  • Barbara Francioni

    (Carlo Bo University of Urbino)

Abstract

The business ecosystem perspective can be considered as a more advanced point of view for interpreting the development of local economic systems, if compared to more traditional concepts such as clusters, industrial districts, local or regional systems, and local networks. The business ecosystem perspective allows to better highlight the adaptive and evolutionary nature of local systems in front of the changing external environment and dynamics on national and international markets. The aim of the research was to analyze the key characteristics of firms belonging to a local business ecosystem specialized on an innovation-driven industry – the mechanical sector – in order to verify which kind of influence the local context still exerts on firms’ management, competitiveness, and relationships. A quantitative survey has been conducted on a sample of 104 firms located in Italy, focusing on organization, strategies, and relationships with both the internal (at the local system level) and external networks, and to relationships with the local environment and market. Results highlight the ability of firms belonging to a business ecosystem to take advantage of innovation diffusion processes and also to better develop the quality of products. An important issue that emerges is related to the cohesion of ties within the local context. When relationships are based on knowledge exchange, the evolution of smaller and weaker firms can be fostered, bringing to a general strengthening of the local system.

Suggested Citation

  • Anatolie Caraganciu & Fabio Musso & Barbara Francioni, 2018. "The Influence of Business Ecosystems on Innovation-Based Industries: A Research on the Mechanical Sector in Italy," Springer Proceedings in Business and Economics, in: Silvia Cristina Mărginean & Claudia Ogrean & Ramona Orăștean (ed.), Emerging Issues in the Global Economy, chapter 0, pages 101-111, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-71876-7_9
    DOI: 10.1007/978-3-319-71876-7_9
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    Cited by:

    1. Fernando E. Garcia-Muiña & Rocío González-Sánchez & Anna Maria Ferrari & Davide Settembre-Blundo, 2018. "The Paradigms of Industry 4.0 and Circular Economy as Enabling Drivers for the Competitiveness of Businesses and Territories: The Case of an Italian Ceramic Tiles Manufacturing Company," Social Sciences, MDPI, vol. 7(12), pages 1-31, December.
    2. Ming-Kuen Chen & Shih-Wei Wu & Ya-Ping Huang & Feng-Ju Chang, 2022. "The Key Success Factors for the Operation of SME Cluster Business Ecosystem," Sustainability, MDPI, vol. 14(14), pages 1-14, July.

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