Improved Regional Entrepreneurial Ecosystems in Eastern Europe: A Romanian Policy Approach

Improved Regional Entrepreneurial Ecosystems in Eastern Europe: A Romanian Policy Approach

Roxana Voicu-Dorobanţu (Bucharest University of Economic Studies, Romania) and Cătălin Ploae (Bucharest University of Economic Studies, Romania)
Copyright: © 2018 |Pages: 19
DOI: 10.4018/978-1-5225-3147-0.ch013
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The chapter provides a bird-eye view of Romania's position in view of its development of national and regional entrepreneurial ecosystems, before presenting a hands-on perspective of entrepreneurs in their quest for profit and impact. The methodology relies mainly on a qualitative critical description of the current situation in Romania, based on previous in-depth studies, focusing on public policies and entrepreneurial attitudes. The main objective of the chapter is to provide the reader with a clear view of the possibilities and potential of Romania in terms of developing sustainable, resilient regions, the obstacles it faces in this respect, its quest for more impact investments and its need for a holistic approach to strategic regional development.
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The manner in which a business can become more competitive and provide more value for its shareholders is by no means a matter of novelty in economics research. Nor is the use of concepts from cybernetics, physics or biology to make sense of the complex systems and interactions in an economic environment. In the same vein of enabling a more profound understanding of the completely unknown, the trend nowadays in literature is to compare the business systems with biological, as suggested by Moore (1993). Value sharing becomes in this context an issue of systemic viability, rather than a matter of competitiveness (Peltoniemi, 2004). The business ecosystem, defined as “a collection of agents acting selfish or selfless, bringing added value and synergy learn from others” is nonetheless hard to identify rigorously. The boundaries of the concept are superficial (Anggraeni, Den Hartigh, & Zegveld, 2007), and often it is being used interchangeably with entrepreneurial or entrepreneurship ecosystem ((Napier & Hansen, 2011); (Malecki, 2011); (Kantis & Federico, 2012); (Isenberg, 2010)). For the latter, the authors of this chapter shall use the Mason and Brown definition (2014):

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