The Balanced Development of the Spatial Innovation and Entrepreneurial Ecosystem Based on Principles of the Systems Compromise: A Conceptual Framework

Igor N. Dubina (), David F. J. Campbell (), Elias G. Carayannis (), Anna A. Chub (), Evangelos Grigoroudis () and Olga V. Kozhevina ()
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Igor N. Dubina: Altai State University
David F. J. Campbell: Alpen-Adria-University Klagenfurt, Faculty for Interdisciplinary Studies (iff), Institute of Science Communication and Higher Education Research (WIHO)
Elias G. Carayannis: The George Washington University
Anna A. Chub: University under the Government of the Russian Federation (the Financial University)
Evangelos Grigoroudis: Technical University of Crete, University Campus
Olga V. Kozhevina: The Financial University

Journal of the Knowledge Economy, 2017, vol. 8, issue 2, No 4, 438-455

Abstract: Abstract The central research question of this paper is how a regional or national (spatial) innovation and entrepreneurial ecosystem (SIEES) can function in a sustainable mode under conditions of uncertainty of an external environment. As an attempt to answer this question, the authors consider to approach the idea of sustainable development from the standpoint of a nonlinear dynamic stability of open systems through information exchange. Addressing this issue as a multi-criteria decision problem, the authors integrate the concept of the “Innovative Helix” and its modifications, which are describing the interaction of science, government and business, as well as formal methods of game theory and business simulation games as a basis for modeling the process of sustainable development in a spatial innovation and entrepreneurial ecosystem. The purpose and interest of the article is to provide input for further discussion on these and other issues related to organizing and governing the interaction of key stakeholders in such arrangements. In practical terms, also a first case study for Russia will be designed and set up for further discussion.

Keywords: Adaptive institutional environment; Business simulation game; Game theory; Innovation; Innovation ecosystem; Quadruple and Quintuple Helix Innovation Systems; Risk; Spatial Innovation and Entrepreneurial Ecosystem; Sustainable development; Systems compromise; Uncertainty (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (13)

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DOI: 10.1007/s13132-016-0426-0

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