How do Entrepreneurial Ecosystems Influence Growth and Development?: The Case of the Slovak Republic

How do Entrepreneurial Ecosystems Influence Growth and Development?: The Case of the Slovak Republic

Katarína Petríková (Matej Bel University, Slovakia) and Kamila Borseková (Matej Bel University, Slovakia)
DOI: 10.4018/978-1-4666-9567-2.ch013
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Abstract

Nowadays, stakeholders from public, private and non-profit sectors acting in various types of aggregation in territories and are trying to find effective ways to the development. The aim of the chapter is to identify and explain the different forms of entrepreneurial ecosystems as local production systems. And present examples of functioning entrepreneurial ecosystems in the Slovak Republic. At the end, following the theoretical background and the results of the secondary and primary researches, authors identify the key problem areas that should be addressed in collaboration with stakeholders influencing future territorial development and growth of the Slovak regions.
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Introduction

Nowadays, stakeholders from public, private and non-profit sectors acting in various types of aggregation in territories are trying to find effective ways of development. There is a lot of uncertainty in choosing the right way of development, starting or supporting appropriate business activities. Moreover, there is an uncertainty also in the policy and decision making processes, especially in central and eastern European countries. In the literature, we can find many theoretical approaches and practical implications how to develop territories with aim to achieve economic growth.

In the chapter we deal with the issues of entrepreneurial ecosystems and its role in the regional and local development. The aim of the chapter is to identify and explain the different forms of entrepreneurial ecosystems as local production systems by the theoretical review, consequently to find the inspirational examples of functioning entrepreneurial ecosystems in the Slovak Republic with various orientation of their activity. At the end, following the theoretical background and the results of the secondary and primary researches, we identify the key problem areas that should be addressed in collaboration with stakeholders influencing future territorial development and growth of the Slovak regions.

The chapter presents the results of the international project of 7th Framework Program of the European Union with the title functioning of the Local Production Systems in the Conditions of Economic Crisis (Comparative Analysis and Benchmarking for the EU and Beyond).

Key Terms in this Chapter

Local Production System: Is a territorially concentration of economic, political and social agents, performing related economic activities and presenting consistent articulation, interaction, co-operation and learning processes. It includes the stakeholders of private, public and profit sector.

Tourism Local Production System: Is an interconnection and cooperation among active partners with the limited geographical area that generate the original touristic destination as a cluster offer.

Innovative Clusters: Is a group of companies in the same territory that their realised their activities within the common socio-cultural structures and institutional environment, that stimulate the process of innovation production and learning. The important part of the cluster is the educational, research institutions, technology transfer agencies.

Industrial Symbiosis: Is a network of companies with aim to optimize production costs by the utilization of production waste as an input for further productions based on the voluntary principle.

Creative Local Production System: Is territorially high concentration of creative industries, represented by the firms and employees which activity is based on the cultural, economic or technological creativity.

Creative City: Is a territorial unit where economic, social, cultural and political networks develop because of favourable conditions that stimulate different forms of creativity.

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