Generating resources through co-evolution of entrepreneurs and ecosystems

Tua Björklund, Norris Krueger

Research output: Contribution to journalArticleScientificpeer-review

16 Citations (Scopus)

Abstract

Purpose: The emerging perspectives of entrepreneurial ecosystems, bricolage, and effectuation highlight the interaction between the entrepreneur and the surrounding community and its potential for creative resource acquisition and utilization. However, little previous empirical work exists to date on how this process actually takes place in opportunity construction and how this can lead to a virtuous cycle where opportunity construction and ecosystem development co-evolve.

Design/methodology/approach: Qualitative analysis of the extreme case of Aalto Entrepreneurship Society (Aaltoes), a newly founded organization successfully promoting entrepreneurship within a university merger with virtually no resources, based on interviews of six key contributors and four stakeholder organizations.

Findings: The opportunity construction process both supported and was supported by two key resource generating mechanisms. Formulating and opportunistically reformulating the agenda for increasing potential synergy laid the groundwork for mutual benefit. Proactive concretization enhanced both initial resource allocation and sustaining input to the process through offering tangible instances of specific opportunities and feedback.

Research limitations/implications: Although based on a single case study in a university setting, proactive concretization emerges as a promising direction for further investigations of the benefits and dynamics of entrepreneur-ecosystem interaction in the opportunity construction process.

Practical implications: Intentionally creating beneficial entrepreneur-ecosystem interaction and teaching proactive concretization becomes a key goal for educators of entrepreneurship.

Originality/value: The paper extends understanding of creative resource generation and utilization in the opportunity construction process. The role of proactive concretization was emphasized in the interaction of the entrepreneur and the ecosystem, creating virtuous spirals of entrepreneurial activity.
Original languageEnglish
Pages (from-to)477-498
JournalJOURNAL OF ENTERPRISING COMMUNITIES
Volume10
Issue number4
DOIs
Publication statusPublished - 2016
MoE publication typeA1 Journal article-refereed

Keywords

  • resource generation
  • resource mobilization
  • proactivity
  • bricolage
  • effectuation
  • entrepreneurial behavior
  • opportunity construction

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