Uncovering new value frontiers: the role of the entrepreneurial ecosystem in nurturing born globals

Velt, Hannes; Torkkeli, Lasse; Saarenketo, Sami

doi:10.1504/ijexportm.2018.099168

Cited by 7 publications

(3 citation statements)

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“…The survival and growth of firms are central economic concerns, in case of transnational migrant venturing, for both home and host countries. The role of these firms is important on the ecosystem level also for other firms (Velt, Torkkeli & Saarenketo, 2018). Entrepreneurial firms participate, compete and shape entrepreneurial ecosystems to various degrees (Aman et al, 2022).…”

Section: Entrepreneurial Internationalisation Growth and Expansion Wi...mentioning

confidence: 99%

Resilience and business model adaptation in turbulent times: experiences of Russophone migrant entrepreneurs in Germany during Covid-pandemic

Elo

Ermolaeva

Ivanova-Gongne

et al. 2022

Small Enterprise Research

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Migrants starting up businesses face different challenges than local companies, this difference can represent multifaceted features during turbulent times. Migrant entrepreneurs with diaspora resources can adapt their business models with special cultural and linguistic value creation elements that target markets both physically and online using digital means. Migrant resilience has been ignored in business model related literature. This multiple case study contributes to that. It examines ways five Russophone migrant entrepreneurs adapt their business models and employ available cultural and linguistic features, and other business and digital solutions by doing so using business model canvas.The cases indicate that migrant life transformations combined with international experience may foster their entrepreneurial resilience and help them to adapt the value creation elements. Shared language is one strategic value component. The study shows that migrant entrepreneurs discover and address both domestic and international opportunities and have aspirations beyond simple survival or necessity.

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Section: Entrepreneurial Internationalisation Growth and Expansion Wi...mentioning

confidence: 99%

Resilience and business model adaptation in turbulent times: experiences of Russophone migrant entrepreneurs in Germany during Covid-pandemic

Elo

Ermolaeva

Ivanova-Gongne

et al. 2022

Small Enterprise Research

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“…This framework is not new per se (cf. Velt et al, 2018bVelt et al, , 2018a, however, it takes an original perspective. Specifically, we integrate a new dimension of "transnational" into the entrepreneurial-ecosystem context.…”

Section: Theoretical Contributionmentioning

confidence: 99%

“…Hence, it is relevant to look at these entrepreneurial ecosystems from the transnational viewpoint (Velt et al, 2018a) to determine what makes these converging environments unique from the vantage point of local entrepreneurs and how they support the internationalisation of highgrowth firms.…”

Section: Introductionmentioning

confidence: 99%

Research Handbook on Start-Up Incubation Ecosystems

Novotny¹,

Wiklund²,

Rasmussen³

et al. 2020

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The entrepreneurial-ecosystem concept has recently gained renewed attention among entrepreneurship scholars, yet research in the fields of regional studies and international entrepreneurship has stayed notably silent on the role that incubating environments can have in driving entrepreneurial activities in developing rapidly internationalising born-global (BG) firms.In this exploratory study, we seek to further the discussion on the role that the entrepreneurial ecosystem can have in the research on international entrepreneurship affecting firm development. We assess entrepreneurial ecosystems in Finland and Estonia from the point of view of BG entrepreneurs and do so in a transnational-ecosystem context. Using a survey method and data analysis employing an analysis of variance (ANOVA), this study contributes to the literature on regional studies and international entrepreneurship by examining which of the transnational entrepreneurial ecosystem's structural elements are critical for start-ups during their developmental stages and how these elements are perceived differently depending on the characteristics of BG firms. The study thus enhances understanding of the interactions of the transnational entrepreneurial ecosystem and its role in supporting new ventures.

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