Title

Entrepreneurial ecosystem development: Consolidating theory into a testable model

Document Type

Conference Proceeding

Publisher

Australian and New Zealand Academy of Management (ANZAM)

School

School of Business and Law / Centre for Innovative Practice

RAS ID

28854

Comments

Abstract published in: Australian and New Zealand Academy of Management. (2018). Managing the many faces of sustainable work: 32nd Annual Australian & New Zealand Academy of Management Conference. New Zealand: ANZAM. Available here

Abstract

This paper explores the notion of the entrepreneurial ecosystem and contributes to theory development with four major advances. First, we synthesize a clear definition of an entrepreneurial ecosystem that reflects emerging theoretical perspectives. Second, we compile existing works that list key entrepreneurial ecosystem components and identify eight aspects of the business environment that are supported by majority consensus in the literature. Third, we argue that entrepreneurial ecosystem theory should also include individual entrepreneurs’ resources and capabilities. Fourth, we integrate these various dimensions into a comprehensive theoretical model of entrepreneurial ecosystem development. We theorise the various causal relations illustrated in our model and explain the effects on overall network performance. Specific theoretical propositions arising from our arguments are presented throughout.

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