Entrepreneurial Ecosystem Perspectives from Emerging Economies
Economic development is a priority for all nation-states, whether developing or developed. In recent times, a few among the developing nations – often referred to as the emerging economies – have attracted the world’s attention because of their fast pace
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trepreneurial Ecosystem Perspectives from Emerging Economies
Entrepreneurial Ecosystem
Mathew J. Manimala Kishinchand Poornima Wasdani •
Editors
Entrepreneurial Ecosystem Perspectives from Emerging Economies
123
Editors Mathew J. Manimala Organizational Behaviour and Human Resource Management Area Indian Institute of Management Bangalore Bangalore India
ISBN 978-81-322-2085-5 DOI 10.1007/978-81-322-2086-2
Kishinchand Poornima Wasdani Indian Institute of Management Bangalore Bangalore India
ISBN 978-81-322-2086-2
(eBook)
Library of Congress Control Number: 2014959411 Springer New Delhi Heidelberg New York Dordrecht London © Springer India 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer (India) Pvt. Ltd. is part of Springer Science+Business Media (www.springer.com)
To the entrepreneurial spirit of the millions in emerging economies and their tryst with institutional inadequacies.
Preface
Entrepreneurship is vital for maintaining and enhancing the vigor and vitality of any economy, be it developed or developing. This is because of the life-cycle phenomenon whereby existing businesses slowly have to mature and decline. This process is accelerated in the Information Technology era because of the fast pace of technology development leading to faster technological obsolescence of older companies. As a biological ecosystem is periodically rejuvenated and further developed by the new sprouts, an economy is maintained and developed by new ventures. It is therefore not surprising that entrepreneurship development is a priority for all nations, especially the developing ones. Among the developing nations, a special group is identified as ‘Emerging Economies’ (EE) by economists and policy-analysts. Starting with a small but economically significant group of four countries, comprising Brazil, Russia, India, and China (BRIC), the groups have been expanded and modified to include about 30-odd countries depending on the purpose of analys
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