Other (O2)

Innovative entrepreneurship, multi-context sourcing and institutional change

List of Authors: Jarmo Nikander, Päivi Oinas

Publication year: 2015

URL: www.gceg2015.org/uploads/2/6/9/5/26954337/gceg2015abstracts.pdf


Contemporary innovative and growth oriented entrepreneurs are no longer primarily bound by their local operational context. They do not necessarily pursue resources locally, nor serve local markets. In contrast, they acquire and manage their resources, value chains, stakeholder relations, and access multiple markets across overlapping scales and within multiple spatial contexts. In so doing, they may exercise consequential institutional change agency. Entrepreneurs mobilize global networks of stakeholders and reference groups. These sourcing activities become globally and publicly communicated within innovative communities. This process mediates influences across scales, which results in pressure for local institutional environments to adapt.

Thus, while globalization is often associated with large corporations, today’s global economy hardly remains their prerogative. The born-global entrepreneur is bending the rules. Research on this phenomenon is still only emerging to date. Through conceptual analysis of multi-disciplinary literature, this paper proposes a framework by which to tackle this research gap and presents it as a contribution to institutional economic geography. The gist lies in the fact that while the entrepreneur’s political power is very limited, institutional change is imposed in a way similar to cultural influence. The pressure draws on narratives of success and the aggregate effect of their followers.

Last updated on 2021-24-06 at 11:33