Institutional Dynamism in Entrepreneurial Ecosystems

Abstract

Entrepreneurs are involved in entrepreneurial ecosystems. These ecosystems incorporate institutions that interact with entrepreneurs in different ways depending on the stage of the business life cycle the entrepreneur is in. By incorporating institutional theory and business life cycle theory to the analysis of ecosystems, we propose which kind of institution will answer the entrepreneurial question addressing who is there to help their venture depending on the stage of the life cycle it is in. This paper seeks to provide guidance on the institutional support available to increase a venture’s chance of success and improve the efficiency of the resource base of ecosystems.