With this post I am willing to open a new space in my blog to share, every Friday afternoon, a quick review of books I have read. Hopefully good food for thought. On Twitter #myweekendreading #foodforthought
What do startups need to succeed? Indeed, the startup journey is full of obstacles and many factors could ease or hinder its success.
In The Role of Ecosystems in Developing Startups. Frontiers in European Entrepreneurship Research, edited by Pierluigi Rippa, Cyrine Ben-Hafaïedh, Agnieszka Kurczewska, Mario Raffa and Mirela Xheneti (Edward Elgar Publishing Limited, £80 or £25 for the e-book version), eight chapters guide the reader through different aspects of the entrepreneurial process, including the role of ecosystems in developing startups.
When we discuss entrepreneurship as a process, Rippa and colleagues argue, the ecosystem concept goes well beyond the mere construction of a network structure. Indeed, it is not only the presence of factors like finance, talent, knowledge and support services that determine its possibilities of success but how those elements interact between them.
For instance, a study by Bernd van der Kwast and colleagues shows how the incubator managers’ human capital is pivotal to stimulating its incubatees’ survival and growth, thus opening interesting future research avenues, including the role played by the incubator’s management team or service customization.
Another intriguing study guides the reader through the duration of creating new ventures. The author, Syed Rizwan Shahid Pirzada, tried to understand the role played by human capital until profitable outcomes are achieved, thus providing entrepreneurial ecosystem stakeholders with practical insights on how to set realistic expectations of expected returns.
All in all, a great companion for the weekend as well as a rich guide for both the communities of practice and research.
Photo by Katie McNabb on Unsplash
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