Nurturing Entrepreneurship Ecosystem in a Developing Economy: Myths and Realities

Abstract

Entrepreneurship is considered as a panacea for economic infirmities. Development and prosperity can be fostered, upon the organized availability of the required resources, ambidextrously. Entrepreneurship ecosystem is an appropriate approach where a systematic and conducive atmosphere for business activities is paved by providing support and services in the area of business policy, financing, human capital availability, infrastructure accessibility, entrepreneurial culture orientation and internationalization of indigenous products. However, despite having numerous entrepreneurship reinforce institutions, the entrepreneurship ecosystem of many developing countries is still sluggish, Pakistan is prominent among those. To improve entrepreneurship ecosystem, experts have endorsed the role of state 'pivotal'. In this study, the entrepreneurship ecosystem of Pakistan is explored by focusing the role of government along other dimensions. For the purpose of this examination, an inductive approach was adopted in which twelve open ended interviews were conducted from policy makers, entrepreneurs, entrepreneurship professors and trade associations across the country. After thematic analysis, entrepreneurial ecosystem was found stagnant, where the role of government revealed as ambivalent, yet unfriendly and deficient. In order to develop entrepreneurship, a specific national policy for entrepreneurship should be enacted on priority and then 'one size fit approach' must be relinquished.

How Industry 4.0 technologies and open innovation can improve green innovation performance?

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The Influence of Social Capital, Entrepreneurial Competence and Entrepreneurial Ecosystem in Shaping Business Incubators in Indonesia

“…The establishment of an environment that encourages entrepreneurship and facilitates the growth of prosperous incubators ought to be a top priority for policymakers and other relevant parties (Sultana & Gupta, 2023). Policymakers can establish an ecosystem that gives incubators the tools and assistance they need to succeed by concentrating on elements like government backing, networking opportunities, mentorship programs, and funding availability (Krebs et al, 2022;Mubarak et al, 2019). Furthermore, cooperation between different stakeholders-universities, businesses, and incubators, among others-is critical to the growth of a robust entrepreneurial ecosystem (Vrabec et al, 2023).…”

Dynamic performance development of entrepreneurial ecosystem in the agricultural sector

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