Innovation and Entrepreneurial Ecosystems as Important Building Blocks

Zimu Xu, Gideon Maas

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

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.
Original languageEnglish
Title of host publicationTransformational Entrepreneurship Practices
EditorsGideon Maas, Paul Jones
PublisherPalgrave Pivot, Cham
Pages15-32
Number of pages18
ISBN (Electronic)978-3-030-11524-1
ISBN (Print)978-3-030-11523-4
DOIs
Publication statusPublished - 30 Mar 2019

Fingerprint

Innovation
Ecosystem
Entrepreneurship
Entrepreneurial process
Venture
Entrepreneurial activity
Connectivity
Innovation activities
Economic development
Economic returns

Keywords

  • Innovation
  • Ecosystem
  • Entrepreneurship
  • Second-order innovation
  • First-order innovation

Cite this

Xu, Z., & Maas, G. (2019). Innovation and Entrepreneurial Ecosystems as Important Building Blocks. In G. Maas, & P. Jones (Eds.), Transformational Entrepreneurship Practices (pp. 15-32). Palgrave Pivot, Cham. https://doi.org/10.1007/978-3-030-11524-1_2

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

Xu, Z & Maas, G 2019, Innovation and Entrepreneurial Ecosystems as Important Building Blocks. in G Maas & P Jones (eds), Transformational Entrepreneurship Practices . Palgrave Pivot, Cham, pp. 15-32. https://doi.org/10.1007/978-3-030-11524-1_2
Xu Z, Maas G. Innovation and Entrepreneurial Ecosystems as Important Building Blocks. In Maas G, Jones P, editors, Transformational Entrepreneurship Practices . Palgrave Pivot, Cham. 2019. p. 15-32 https://doi.org/10.1007/978-3-030-11524-1_2
Xu, Zimu ; Maas, Gideon. / Innovation and Entrepreneurial Ecosystems as Important Building Blocks. Transformational Entrepreneurship Practices . editor / Gideon Maas ; Paul Jones. Palgrave Pivot, Cham, 2019. pp. 15-32
@inbook{39e0584c1396459a899a30ef2f52b2cd,
title = "Innovation and Entrepreneurial Ecosystems as Important Building Blocks",
abstract = "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.",
keywords = "Innovation, Ecosystem, Entrepreneurship, Second-order innovation, First-order innovation",
author = "Zimu Xu and Gideon Maas",
year = "2019",
month = "3",
day = "30",
doi = "10.1007/978-3-030-11524-1_2",
language = "English",
isbn = "978-3-030-11523-4",
pages = "15--32",
editor = "Gideon Maas and Paul Jones",
booktitle = "Transformational Entrepreneurship Practices",
publisher = "Palgrave Pivot, Cham",
address = "United Kingdom",

}

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 -

Access to Document