Abstract
Original language | English |
---|---|
Title of host publication | Transformational Entrepreneurship Practices |
Editors | Gideon Maas, Paul Jones |
Publisher | Palgrave Pivot, Cham |
Pages | 15-32 |
Number of pages | 18 |
ISBN (Electronic) | 978-3-030-11524-1 |
ISBN (Print) | 978-3-030-11523-4 |
DOIs | |
Publication status | Published - 30 Mar 2019 |
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Keywords
- Innovation
- Ecosystem
- Entrepreneurship
- Second-order innovation
- First-order innovation
Cite this
Innovation and Entrepreneurial Ecosystems as Important Building Blocks. / Xu, Zimu; Maas, Gideon.
Transformational Entrepreneurship Practices . ed. / Gideon Maas; Paul Jones. Palgrave Pivot, Cham, 2019. p. 15-32.Research output: Chapter in Book/Report/Conference proceeding › Chapter
}
TY - CHAP
T1 - Innovation and Entrepreneurial Ecosystems as Important Building Blocks
AU - Xu, Zimu
AU - Maas, Gideon
PY - 2019/3/30
Y1 - 2019/3/30
N2 - Transformational entrepreneurship enables social-economic development. It goes beyond just focusing on economic returns and stresses the importance of people and the multi-level connectivity in the entire entrepreneurial process. In order to achieve the transformational purpose, entrepreneurship and second-order innovation, which is often disruptive in nature, are key in the process, as such activities can subsequently maximise the chances of successful transformational ventures. To nurture such innovation and entrepreneurial activities, a supportive environment is crucial. Extant literature suggests that such an environment is linked to two existing concepts: innovation and entrepreneurial ecosystems. Thus, this chapter investigates the two ecosystem concepts and highlights the differences between the two. As well as they are different, the two ecosystems are not mutually exclusive. Acknowledging the importance of such ecosystems, key principles are followed in building sound ecosystems that can best support transformational entrepreneurship.
AB - Transformational entrepreneurship enables social-economic development. It goes beyond just focusing on economic returns and stresses the importance of people and the multi-level connectivity in the entire entrepreneurial process. In order to achieve the transformational purpose, entrepreneurship and second-order innovation, which is often disruptive in nature, are key in the process, as such activities can subsequently maximise the chances of successful transformational ventures. To nurture such innovation and entrepreneurial activities, a supportive environment is crucial. Extant literature suggests that such an environment is linked to two existing concepts: innovation and entrepreneurial ecosystems. Thus, this chapter investigates the two ecosystem concepts and highlights the differences between the two. As well as they are different, the two ecosystems are not mutually exclusive. Acknowledging the importance of such ecosystems, key principles are followed in building sound ecosystems that can best support transformational entrepreneurship.
KW - Innovation
KW - Ecosystem
KW - Entrepreneurship
KW - Second-order innovation
KW - First-order innovation
U2 - 10.1007/978-3-030-11524-1_2
DO - 10.1007/978-3-030-11524-1_2
M3 - Chapter
SN - 978-3-030-11523-4
SP - 15
EP - 32
BT - Transformational Entrepreneurship Practices
A2 - Maas, Gideon
A2 - Jones, Paul
PB - Palgrave Pivot, Cham
ER -