A4 Conference proceedings

The Impact of National Innovation System on Entrepreneurial Venture Creation Process: a System Dynamics Simulation

LUT Authors / Editors

Publication Details
Authors: Teplov Roman, Kortelainen Samuli
Publication year: 2013
Language: English
Title of parent publication: Innovating in Global Markets: Challenges for Sustainable Growth
ISBN: 978-952-265-421-2
JUFO-Level of this publication:
Open Access: Not known

Nowadays, entrepreneurship and its role in countries economy is a widely discussed topic. Stimulation of entrepreneurship is an important issue for countries policies. In addition to individual's capabilities attitudes and perceptions country's National Innovation System (NIS) also affects on actual firm establishing process. Another important factor is country demographic tendency which in some cases may lead to decrease pool of potential entrepreneurs. Taking into account some limitations of traditional research methods which do not give the full picture of complex system behaviour we propose the system dynamic model for study the process of entrepreneurial venture creation. The results of simulation reveal that well-developed NIS may to certain extent compensate negative demographic trend. Moreover, in some conditions NIS performance may have even greater importance to the process success than actual entrepreneurial intentions.

Last updated on 2017-22-03 at 15:44