Understanding entrepreneurial ecosystems using complex adaptive systems theory: getting the big picture for economic development, practice, and policy
Lisa J. Daniel,
Margarietha J. de Villiers Scheepers,
Morgan P. Miles and
Saskia de Klerk
Entrepreneurship & Regional Development, 2022, vol. 34, issue 9-10, 911-934
Abstract:
This paper demonstrates how the theory of complex adaptive systems (CAS) and entrepreneurial ecosystems (EE) can be synthesized to create a comprehensive framework for understanding EEs as comprising dynamic and diverse actors, factors, and interdependencies. We adapt four elements common to CAS and propose a context-specific framework for explaining EEs through people, place, purpose, and process to provide insights for policy, development, and regulatory interventions. Motivated by the challenge to develop a practical and parsimonious framework for comprehensive EE analysis, we present a case study using a CAS approach to illustrate the nature of EEs as dynamic, interconnected social systems and identify opportunities for economic development interventions. The study offers a novel framework for system-level EE analysis, and in doing so, it contributes to entrepreneurial economic development, research, policy, and practice.
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:taf:entreg:v:34:y:2022:i:9-10:p:911-934
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DOI: 10.1080/08985626.2022.2083691
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