No abstract

Purpose The purpose of this paper is to synthesise the socioeconomic context, personality, knowledge and social capital into a systemic framework, named the “entrepreneurial path” that demonstrates the process of transforming initial entrepreneurial intentions to a growing venture. This systemic framework decouples the overall complexity of the entrepreneurial realisation to three main subsystems: entrepreneurial intentions and venture idea formation; barriers of transition from nascent to active entrepreneur; and active and growing ventures. Design/methodology/approach The paper employs a systemic thinking approach to decouple the complexity of the subject. Survey techniques and digital social network discussion forums were used for the collection of primary qualitative data from multiple stakeholders. Findings The conceptual framework, named the entrepreneurial path, highlights the importance of different factors at each stage of the entrepreneurial realisation. Especially the importance of factors such as perceived desirability, feasibility, self-efficacy, network ties and social capital has been identified as central. Needs for managerial skills and resources for the new venture come to play only on the later stage. Each of those factors though, plays a distinctive role in the different stages of the realisation and in dependence to the maturity of the entrepreneurial context. Research limitations/implications Further research may examine whether these factors that have been identified by successful entrepreneurs and stakeholders are reflecting the experience for those who have not been successful in their effort to create their venture. Practical implications The entrepreneurial path provides a supportive tool for: academics designing focussed entrepreneurship education programmes and research; managers in intermediate structures to identify the specific needs of nascent and early-stage entrepreneurs in comparison to the needs of entrepreneurs in the growth stage; and for policy makers prioritising on supportive structures and institutions directing their actions to specific stages or barriers of the process or creating holistic and evolving structures based on the maturity of the entrepreneurial context. Originality/value The decoupling of the process of transforming initial entrepreneurial intentions to a growing venture demonstrates that different approaches are required in order to foster each one of the factors identified. Focussing on activities and resources on one stage at the time, or presenting parallel activities that reflect the different level of maturity of regions, institutions, individuals and societal perceptions may provide better service to nascent and active entrepreneurs, than considering treating entrepreneurial intentions as a unified process.

Consultancy projects as an action learning method have become an integral part of management education at many business schools and universities. As an opportunity to apply management knowledge in practice, they have been proven to be a valuable experience when designed and executed adeptly by academics. Based on our activities and reflection as academics, and interviews with students and companies participating in five consultancy projects, this paper proposes a framework to execute student consultancy projects in the context of international entrepreneurship. Working with small, new, and innovative companies at a foreign location seeking to internationalise, the framework highlights the learning outcomes to be achieved by students along the consultancy process. Such outcomes may be cognitive including the integration of previous knowledge with practical insights, affective such as an appreciation of other's views, and behavioural including the development of transferable communication and management skills. Additionally, the framework provides a guideline for the necessary teaching practice for managerial learning to take place. While the project's team and client problem are critical, knowledgeable supervisors are needed especially at the beginning, while the level of intervention needs to be adjusted throughout the process.

This paper attempts to identify the suitability of centrally designed innovation-related regional actions, examining the case of regions that started innovative activities from a low development level. Using the case of two Greek regions, the paper analyses the legacy left to the regional systems by a series of regional innovation programmes implemented during the 1990s and 2000s, whose main priorities were designed centrally without any regional consultation. The findings suggest that these programmes often provide the means for generating the first steps towards the creation of a Regional Innovation System; however often they create a dependency on publicly funded programmes.