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Small Business Entrepreneurial Ecosystems in Regional Development
Author(s): Chandana H. S. (d739aac6-0d7d-4ac0-84cf-f18c720e04bf (Department of Commerce and Management, Maharani Women's Arts, Commerce, and Management College, Bengaluru, India), S Prabakaran (Department of English, Kongu Engineering College, Erode, India), Sanchita Banerji (Department of HR, Durgadevi Saraf Institute of Management Studies, Mumbai, India), T. Kumaresan (Department of Mechanical Engineering, PSG Polytechnic College, Coimbatore, India), S. Anandakumar (Department of Civil Engineering, KPR Institute of Engineering and Technology, Coimbatore, India)and S. Boopathi (Mythayammal Engineering College (Autonomous), India)
Copyright: 2024
Pages: 27
EISBN13: 9798369373019
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Abstract
The chapter discusses the role of small business entrepreneurial ecosystems in regional development, highlighting their intricate dynamics and symbiotic relationships among stakeholders. These ecosystems are hubs where entrepreneurs, government entities, educational institutions, and support organizations collaborate to drive economic growth and innovation. The chapter emphasizes their resilience and adaptability despite economic fluctuations, technological transformations, and societal shifts. Strategies to enhance the effectiveness and inclusivity of these ecosystems include promoting collaboration, innovation, and knowledge sharing, empowering entrepreneurs, and driving long-term regional development. The chapter offers a roadmap for stakeholders to harness their collective potential and drive positive change.
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