The role of ecosystems for start-ups: a comparative study between Korea and Findland
Keywords:
Innovation ecosystem, Start-up ecosystem, Finland start-ups, Korean startups, Ecosystem impactAbstract
The strategic importance of innovation ecosystems has received increased attention from both the academic and policy perspectives. However, there is only limited empirical evidence on the importance of these ecosys- tems from the perspective of younger firms. This study focuses on the role of ecosystems for young innovative companies (YICs) and is based on a unique set of phone survey data from Finland and South Korea. The re- sults are threefold: (i) Finnish YICs participate more actively in ecosystems than Korean YICs; (ii) on aver- age, Korean YICs report to have experienced lower ecosystem impact compared to Finnish YICs; (iii) in both countries, key organizations of the ecosystems are represented on the board of directors in about one-third of the sample firms.
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References
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3. Autio, E., Kenny, M., Mustar, P., Siegel, D., and Wright, M. 2014. “Entrepreneurial innovation: The importance of context”. Research Policy, 43(7), pp.1097-1108.
4. Autio, E., and Thomas, L. D. W. 2013. Innovation ecosystems - Implications for innovation management? In M. Dodgson, D. Gann, and N. Phillips (Eds.), The
Oxford handbook of innovation management (pp. 204-228). Oxford, UK: Oxford University Press. DOI: 10.1093/oxfordhb/9780199694945.001.0001.
5. Ceccagnoli, M., Forman, C., Huang, P., & Wu, D. J. 2012. “Co-creation of value in a platform ecosystem: The case of enter-prise software”. MIS Quarterly, 36(1), pp.263-290.
6. Clarysse, B., Wright, M., Bruneel, J., and Mahajan, A. 2014. “Creating value in ecosystems: Crossing the chasm between knowledge and business ecosystems”.
Research Policy, 43(7), pp.1164-1176.
7. Daily, C. M., McDougall, P. P., Covin, J. G., and Dalton D. R. 2002. “Governance and strategic leadership in entrepreneurial firms”. Journal of Management, 28(3),
pp.387-412.
8. Deschryvere, M., Lehenkari, J., Oksanen, J., Rilla, N., and Still, K. 2015. Impact of ecosystems: Key results of the Finnish Entergrow survey (Policy Brief: Ekosysteemit 2015/4, TEKES). <https://www.tekes.fi/globalassets/glob-al/ohjelmat-japalvelut/kampanjat/innovaatiotutkimus/policybrief_4_2015_entergrow.pdf>
9. Dutta, S., Lanvin, B., and Wunsch-Vincent, S. 2015. The global innovation index 2015: Effective innovation policies for development. Retrieved from <https://www.globalinnovationindex.org/userfiles/file/reportpdf/GII- 2015-v5.pdf>
10. Eisenmann, T. R., Parker, G., and van Alstyne, M. W. 2009. Opening platforms: How, when and why? In A. Gawer (Ed.), Platforms, markets and innovation (pp. 131-162). Northampton, MA: Edward Elgar.
11. Falk, R. 2007. “Measuring the effects of public support schemes on firms’ innovation activities: Survey evidence from Austria”. Research Policy, 36(5), pp.665-679.
12. Gawer, A., and Cusumano, M. A. 2014. “Industry platforms and ecosystem innovation”. Journal Innovation of Product Management, 31(3), pp.417-433.
13. Iansiti, M., and Levien, R. 2004. “Strategy as ecology”. Harvard Business Review, 43(3), pp.51-58.
14. Jorma Ollila: Suomi on kuilun partaalla. 2016. Helsingin Sanomat. Retrieved from <http://www.hs.fi/paakir-joitukset/a1451620055585>
15. Knockaert, M., and Ucbasaran, D. 2013. “The service role of outside boards in high tech startups: A resource dependency perspective”. British Journal of Management, 24(1), pp.69-84.
16. Kor, Y. Y., and Sundaramurthy, C. 2009. “Experience-based human capital and social capital of outside directors”. Journal of Management, 35(4), pp.981-1006.
17. Kosonen, M. 2016. Finland needs a strategic growth policy! SITRA Blog. Retrieved from <http://www.sitra.fi/en/blog/gov-ernance/finland-needs-strategic-growth-policy>
18. Li, J. F., and Garnsey, E. 2014. “Policy-driven ecosystems for new vaccine development”. Technovation, 34(12), pp.762-772.
19. Moore, J. 1993. “Predators and prey: The new ecology of competition”. Harvard Business Review, 71(3), pp.75–83.
20. Nambisan, S., and Baron, R. A. 2013. “Entrepreneurship in innovation ecosystems: entrepreneurs’ self-regulatory processes and their implications for new venture success”. Entrepreneurship Theory and Practice, 37(5), pp.1071-1097.
21. Palmberg, C. 2015. Finnish innovation policy and the role of Tekes - some trends and challenges. Globelics Acedemy 2015.
<http://www.globelicsacademy.net/TASTI_052015_PALMBERG.pdf>
22. Research and Innovation Policy Council. 2014. Reformative Finland: Research and innovation policy review 2015-2020.
<http://www.minedu.fi/export/sites/default/OPM/Tiede/tutkimus_ja_innovaationeuvo sto/julkaisut/liitteet/ Review2015_2020.pdf>
23. Tencati, A., and Zsolnai, L. 2009. “The collaborative enterprise”. Journal of Business Ethics, 85(3), pp.367-376.
24. Tukiainen, T., Lindell, M., and Burström, T. 2014. Finnish startups in globally evolving ecosystems: Value for Finland. Helsinki, Finland: Hanken.
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Published
09-01-2018
How to Cite
Deschryvere, M., & Kim, Y. (2018). The role of ecosystems for start-ups: a comparative study between Korea and Findland. Journal SCIENCE AND TECHNOLOGY POLICIES AND MANAGEMENT, 6(1), 93–119. Retrieved from https://vietnamstijournal.net/index.php/JSTPM/article/view/191
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Section
STUDIES OF STRATEGIES AND MANAGEMENT
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