Entrepreneurial Ecosystems

Sachidananda Benegal
PGPHR
BYS
 “Entrepreneurship is the process by which individuals
pursue opportunities without regard to resources they
currently control.”

- Stevenson and Jarillo, 1990.

A slightly revised definition (I prefer):

“Entrepreneurship is the process by which individuals

pursue opportunities under conditions of resource-
constraint and extreme uncertainty.”

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 “Entrepreneurship is the process by which individuals
pursue opportunities without regard to resources they
Opportunit
currently control.” Individual
y

- Stevenson and Jarillo, 1990.

Process

A slightly revised definition (I prefer):

“Entrepreneurship is the process by which individuals

Resource Extreme
pursue opportunities under conditions of resource- constraints Uncertainty
constraint and extreme uncertainty.”

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The distinction...
Scenario 1
Predictable
You know the distribution and
can clearly predict the
scenarios you could get into –
very little risk if at all to
operate in such a state
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Scenario 2
Risk
The distribution is unknown to
begin with, but one could follow
the draws to understand what
could come next. You could then
prepare for the outcomes
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It is this sort of uncertainty
that we deal with as
entrepreneurs
Scenario 3
Knightian Uncertainty
You do not know what is going to
come next in spite of multiple
attempts at the same thing.
Outcome is highly uncertain!
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 Entrepreneurial Ecosystems

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 If you are an entrepreneur, where would you set up your venture?

Why?

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 Case studies of Ecosystem
Evolution
Silicon Valley

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 A broad overview of the Silicon Valley Ecosystem

Approx Dur: 9 min

Src: https://www.youtube.com/watch?v=M4VP7TuZjt8

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 From the Firms perspective – how did the aid the growth?

Approx Dur: 4 min

Src: https://www.youtube.com/watch?v=UO-8CMdeSHA

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 https://www.youtube.com/watch?v=hpLUFQfwYVY

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 Case studies of Ecosystem
Evolution
Israel

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 From the Firms perspective – how did the aid the growth?

Approx Dur: 10 min

Src: https://www.youtube.com/watch?v=Nn-_8IniOVk

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 questions

THANK YOU

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