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7. stam entrepreneurial ecosystem in the nthl
 

7. stam entrepreneurial ecosystem in the nthl

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    7. stam entrepreneurial ecosystem in the nthl 7. stam entrepreneurial ecosystem in the nthl Presentation Transcript

    • Entrepreneurial_Ecosystem.NL Prof Dr Erik Stam Utrecht University “ENTREPRENEURIAL ECOSYSTEMS AND GROWTH-ORIENTED ENTREPRENEURSHIP” International Workshop jointly organised by the OECD LEED Programme and The Netherlands’ Ministry of Economic Affairs
    • Entrepreneurial_Ecosystem Oh no, not the next Silicon Somewhere…
    • Entrepreneurial_Ecosystem Reflects two shifts: Societal: from Managed Economy to Entrepreneurial Economy (Thurik, Stam & Audretsch 2013) Scientific: from Equilibrium Economics to Complexity Economics (Beinhocker 2007)
    • Entrepreneurial_Ecosystem? • Entrepreneurial: explore (identify) and exploit (evaluate, pursue) opportunities for new value creation
    • Entrepreneurial_Ecosystem? • ECOsystem: ECOlogical (birds, bees, …)?; Ecology of diverse, heterogenous agents; ECOnomic • EcoSYSTEM: Systemic
    • NL: Entrepreneurship Miracle or Paradox? • Amazing growth of entrepreneurship in the Netherlands, 1987-2012 • Miracle: no country in which the TEA rate has grown as much as in the Netherlands over the period 2003-2012 (and precourse of rising new firm formation and self-employment) • Paradox: increasingly a matter of growing number of solo self-employed, and low/mediocre rates of growth-oriented entrepreneurship
    • Entrepreneurship NL Facts - I
    • Entrepreneurship Facts - II TEA Rate 2003-2012 (GEM)
    • Paraphrasing Einstein • Not all entrepreneurship that counts can be counted, and not all entrepreneurship that can be counted counts.
    • Entrepreneurship Facts - III
    • Entrepreneurship Facts - IV
    • Entrepreneurship Facts - V
    • (Eco)systemic Causes & Consequences • Positive feedback: virtuous circle (for self-employment!) Changing preferences Changing formal institutions Higher entry rates Lower entry barriers + Context + Shocks
    • (Eco)systemic Causes & Consequences • Negative/no feedback – No build up of system for high-growth start-ups (vicious circle high-growth start-up scandals early 2000s: Baan, World Online) – No champion of intrapreneurship, like Scandinavian countries (in spite of high levels of trust and decentralized decision making)
    • Entrepreneurial_Ecosystem.NL • One entrepreneurial system, or many (self-empl, high-growth start-ups, intrapreneurship)? • One national system, or many (reg, sec, corp)? – Regional systems: e.g. Amsterdam, Eindhoven area, Utrecht, Twente, … – ‘Sectoral’ systems: e.g gaming, biotech, (construction?) – Corporate systems: intrapreneurship • Systemic causes? – Institutions, resources • …
    • Entrepreneurial_Ecosystem.NL Miracle and Paradox Prof Dr Erik Stam Utrecht University “ENTREPRENEURIAL ECOSYSTEMS AND GROWTH-ORIENTED ENTREPRENEURSHIP” International Workshop jointly organised by the OECD LEED Programme and The Netherlands’ Ministry of Economic Affairs