7. stam entrepreneurial ecosystem in the nthl

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7. stam entrepreneurial ecosystem in the nthl

  1. 1. 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
  2. 2. Entrepreneurial_Ecosystem Oh no, not the next Silicon Somewhere…
  3. 3. 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)
  4. 4. Entrepreneurial_Ecosystem? • Entrepreneurial: explore (identify) and exploit (evaluate, pursue) opportunities for new value creation
  5. 5. Entrepreneurial_Ecosystem? • ECOsystem: ECOlogical (birds, bees, …)?; Ecology of diverse, heterogenous agents; ECOnomic • EcoSYSTEM: Systemic
  6. 6. 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
  7. 7. Entrepreneurship NL Facts - I
  8. 8. Entrepreneurship Facts - II TEA Rate 2003-2012 (GEM)
  9. 9. Paraphrasing Einstein • Not all entrepreneurship that counts can be counted, and not all entrepreneurship that can be counted counts.
  10. 10. Entrepreneurship Facts - III
  11. 11. Entrepreneurship Facts - IV
  12. 12. Entrepreneurship Facts - V
  13. 13. (Eco)systemic Causes & Consequences • Positive feedback: virtuous circle (for self-employment!) Changing preferences Changing formal institutions Higher entry rates Lower entry barriers + Context + Shocks
  14. 14. (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)
  15. 15. 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 • …
  16. 16. 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

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