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What Can We Do to Improve the Entrepreneurial Ecosystem?

In: Global Entrepreneurship and Development Index 2018

Author

Listed:
  • Zoltán J. Ács

    (George Mason University)

  • László Szerb

    (University of Pécs)

  • Esteban Lafuente

    (Universitat Politècnica de Catalunya, (UPC Barcelona Tech) EPSEB)

  • Ainsley Lloyd

    (The Global Entrepreneurship and Development Institute)

Abstract

A data-driven approach to improving entrepreneurial ecosystems begins with taking stock of the current state of the ecosystem through the lens of cross-country comparable data. However, the job does not end there. Once the strengths and weaknesses of an ecosystem have been identified, it is helpful to examine their underlying causes (see our original research on the South African entrepreneurial ecosystem). When these causes are understood, potential actions to improve the weakest pillars of a country’s performance can be surfaced and evaluated. The selected actions depend not just on the characteristics of the ecosystem itself but also on the leverage points of the actor within the ecosystem. For example, it would not make sense for an incubator to solve a weakness in technology transfer by enacting national policy on STEM education—incubators don’t have these levers available to them. Rather, each actor has a set of possible actions determined by their relationships to other components of the ecosystem: who they can influence and with what tools. By determining weaknesses, understanding the root causes of those weaknesses, and selecting actions appropriate to both the ecosystem and the actor, the odds of producing real change in an entrepreneurial ecosystem increase.

Suggested Citation

  • Zoltán J. Ács & László Szerb & Esteban Lafuente & Ainsley Lloyd, 2018. "What Can We Do to Improve the Entrepreneurial Ecosystem?," SpringerBriefs in Economics, in: Global Entrepreneurship and Development Index 2018, chapter 0, pages 55-63, Springer.
    • Handle: RePEc:spr:spbchp:978-3-030-03279-1_5
    DOI: 10.1007/978-3-030-03279-1_5
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    Cited by:

    1. Nina Schumacher, 2022. "CAN BUSINESS MODEL COMPONENTS EXPLAIN DIGITAL START-UP SUCCESS? A Qualitative Analysis of the Business Models of Start-ups from the Perspective of German Venture Investors," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 31(1), pages 81-98, june.
    2. Mark Ellison & Jon Bannister & Won Do Lee & Muhammad Salman Haleem, 2021. "Understanding policing demand and deployment through the lens of the city and with the application of big data," Urban Studies, Urban Studies Journal Limited, vol. 58(15), pages 3157-3175, November.

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