Abstract
Drawing on the concepts of place and space in sociology, this research examines the process entrepreneurs adopt, in association with place-based enterprises, to address urban challenges and build sustainable entrepreneurial ecosystems in smart cities. We note that the process unfolds through problem identification at the entrepreneurial level, followed by resource mobilization at the place-based enterprise level, and culminating in scaling solutions across space at the ecosystem level. Based on an analysis of rich field data, we develop a process model of the emergence and evolution of a sustainable entrepreneurial ecosystem. In this process model, the place-based enterprise acts as a lynchpin between urban stakeholders and entrepreneurs, helping generate sustainable smart city solutions. The journey from place to space sets in motion a process of “sequential specificity,” ranging from high to low, across problems, resources, and solutions. This process leads the sustainable entrepreneurial ecosystem to evolve, based on scaling and adopting spatially flexible solutions. Our study has important implications for both entrepreneurs and policymakers.
Plain English Summary
In this research, we examine the process entrepreneurs and place-based enterprises adopt to address urban challenges and build sustainable entrepreneurial ecosystems in smart cities. A place-based enterprise is an organization created within the ecosystem to bring entrepreneurs and other stakeholders together to collaborate and share resources and expertise. Based on an analysis of rich field data, we develop a process model of the emergence and subsequent evolution of a sustainable entrepreneurial ecosystem. We noted that the process unfolds based on problem identification at the entrepreneurial level, followed by resource mobilization at the place-based enterprise level, and culminating in scaling solutions across space at the entrepreneurial ecosystem level. As the entrepreneur and other partners within the place-based enterprise work together, the focus on solving a localized problem unique to the place expands into sharing of resources and arriving at solutions that are no longer rooted in the specific place but transferable across space within the smart city and beyond.
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Notes
The metropolitan area of Virginia, Maryland, West Virginia, District of Columbia is commonly referred to as DC-VA-MD-WV.
US Bureau of Economic Analysis Report 2019, source: apps.bea.gov.
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Khurana, I., Dutta, D.K. From place to space: the emergence and evolution of sustainable entrepreneurial ecosystems in smart cities. Small Bus Econ 62, 541–569 (2024). https://doi.org/10.1007/s11187-023-00765-3
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DOI: https://doi.org/10.1007/s11187-023-00765-3
Keywords
- Sustainable entrepreneurship
- Sustainable entrepreneurial ecosystems
- Place
- Place-based enterprises
- Smart city