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Entrepreneurship and Innovation in ICT Companies: A Picture of ICT Sector Applied to a Small European Economy
Abstract
This chapter studies entrepreneurship and innovation in ICT companies. The study presents a literature review considering the particular features of ICT companies and proposes an empirical study applied to ICT companies in a small open economy. Empirical study using a relevant sample of ICT Portuguese companies allowed an interesting characterization of this sector in several strategic dimensions. Most ICT companies contribute to the Schumpeterian process of creative destruction, assuming a catalytic role in the creation of new companies (and industries) and in mortality of the less fit companies. In this way, promoting the revitalization and competitive selection with impact on organizational structures and obvious implications for employment, directly or indirectly, tends to save the market friction and contribute to the reduction of transaction and context costs, with a positive impact on productivity and economic growth.
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