Entrepreneurial ecosystem, networks and entrepreneurial culture: a theoretical essay
DOI:
https://doi.org/10.24302/drd.v15.4896Abstract
The Entrepreneurial Ecosystem [EE] approach suggests the contribution of various actors to venture creation. However, the way in which the interaction of actors occurs is still inconclusive. Articulating constructs derived from social networks and institutionalism, this theoretical essay formulates propositions that position entrepreneurial culture and social networks as key factors for the articulation of EEs. In the proposed model, entrepreneurial culture is represented by the main types of information transmitted by role models to potential entrepreneurs. Networked firms go through the entrepreneurial process in three phases: discovery of opportunities, securing resources, and gaining legitimacy; influencing a diverse ecosystem. It is argued that network-related EEs influenced by local culture allow for greater contextualization of entrepreneurial activity.
Keywords: entrepreneurial ecosystems; networks. culture; institutions; local development.
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