The Role of Entrepreneurial Ecosystem in the Internationalisation of High Growth SMEs in Health Technology Business
The concept of the entrepreneurial ecosystem (EE) has recently attracted a lot of research attention. Despite the growing popularity, there is still a limited theoretical, empirical and conceptual understanding of the phenomenon. The purpose of this study is to explore the role of EE in the high gr...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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The Bucharest University of Economic Studies Publishing House
2020-08-01
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| Series: | Journal of Emerging Trends in Marketing and Management |
| Subjects: | |
| Online Access: | http://www.etimm.ase.ro/RePEc/aes/jetimm/2020/ETIMM_V01_2020_40.pdf |
| _version_ | 1817985445632409600 |
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| author | Abdollah Mohammadparast Tabas Hanna Komulainen |
| author_facet | Abdollah Mohammadparast Tabas Hanna Komulainen |
| author_sort | Abdollah Mohammadparast Tabas |
| collection | DOAJ |
| description | The concept of the entrepreneurial ecosystem (EE) has recently attracted a lot of research attention. Despite the growing popularity, there is still a limited theoretical, empirical and conceptual understanding of the phenomenon. The purpose of this study is to explore the role of EE in the high growth SMEs’ internationalisation, specifically in the context of the health technology business in Finland. Due to the limited size of the domestic markets, internationalisation is often the only possibility for these companies to grow their business. In addition to the practical relevance, the topic is also important from the theoretical perspective, since internationalisation has not been addressed adequately in the existing research on EEs. Moreover, empirical studies on EEs are still scarce. This study aims to fill these research gaps by presenting an extensive qualitative explorative study. In total, 19 interviews with health-tech SME’s decision-makers comprising managing directors/chief executive officers and senior managers were conducted during autumn 2019. According to our findings, EE is crucial for high growth health-tech SMEs’ internationalisation, especially in the early phases, but there are also shortcomings in utilizing the EE. EE can enhance internationalisation by providing foreign market entry support, boosting collaboration within the ecosystem, offering various networking opportunities including access to resources and references, and increasing credibility for the high growth SMEs. Overall, this research makes valuable insights into both the theory and practice of EE research. It is among the first attempts to study the role of EE in the high growth SMEs’ internationalisation in the health-tech business and thus provides valuable implications to both academics and business managers. |
| first_indexed | 2024-04-13T23:58:19Z |
| format | Article |
| id | doaj.art-5b33cdc596aa4edc8dfce50270606176 |
| institution | Directory Open Access Journal |
| issn | 2537-5865 |
| language | English |
| last_indexed | 2024-04-13T23:58:19Z |
| publishDate | 2020-08-01 |
| publisher | The Bucharest University of Economic Studies Publishing House |
| record_format | Article |
| series | Journal of Emerging Trends in Marketing and Management |
| spelling | doaj.art-5b33cdc596aa4edc8dfce502706061762022-12-22T02:23:48ZengThe Bucharest University of Economic Studies Publishing HouseJournal of Emerging Trends in Marketing and Management2537-58652020-08-01I13242The Role of Entrepreneurial Ecosystem in the Internationalisation of High Growth SMEs in Health Technology BusinessAbdollah Mohammadparast Tabas0Hanna Komulainen1University of OuluUniversity of OuluThe concept of the entrepreneurial ecosystem (EE) has recently attracted a lot of research attention. Despite the growing popularity, there is still a limited theoretical, empirical and conceptual understanding of the phenomenon. The purpose of this study is to explore the role of EE in the high growth SMEs’ internationalisation, specifically in the context of the health technology business in Finland. Due to the limited size of the domestic markets, internationalisation is often the only possibility for these companies to grow their business. In addition to the practical relevance, the topic is also important from the theoretical perspective, since internationalisation has not been addressed adequately in the existing research on EEs. Moreover, empirical studies on EEs are still scarce. This study aims to fill these research gaps by presenting an extensive qualitative explorative study. In total, 19 interviews with health-tech SME’s decision-makers comprising managing directors/chief executive officers and senior managers were conducted during autumn 2019. According to our findings, EE is crucial for high growth health-tech SMEs’ internationalisation, especially in the early phases, but there are also shortcomings in utilizing the EE. EE can enhance internationalisation by providing foreign market entry support, boosting collaboration within the ecosystem, offering various networking opportunities including access to resources and references, and increasing credibility for the high growth SMEs. Overall, this research makes valuable insights into both the theory and practice of EE research. It is among the first attempts to study the role of EE in the high growth SMEs’ internationalisation in the health-tech business and thus provides valuable implications to both academics and business managers.http://www.etimm.ase.ro/RePEc/aes/jetimm/2020/ETIMM_V01_2020_40.pdfentrepreneurial ecosystemshealth technologyhigh growth smesinternationalization |
| spellingShingle | Abdollah Mohammadparast Tabas Hanna Komulainen The Role of Entrepreneurial Ecosystem in the Internationalisation of High Growth SMEs in Health Technology Business Journal of Emerging Trends in Marketing and Management entrepreneurial ecosystems health technology high growth smes internationalization |
| title | The Role of Entrepreneurial Ecosystem in the Internationalisation of High Growth SMEs in Health Technology Business |
| title_full | The Role of Entrepreneurial Ecosystem in the Internationalisation of High Growth SMEs in Health Technology Business |
| title_fullStr | The Role of Entrepreneurial Ecosystem in the Internationalisation of High Growth SMEs in Health Technology Business |
| title_full_unstemmed | The Role of Entrepreneurial Ecosystem in the Internationalisation of High Growth SMEs in Health Technology Business |
| title_short | The Role of Entrepreneurial Ecosystem in the Internationalisation of High Growth SMEs in Health Technology Business |
| title_sort | role of entrepreneurial ecosystem in the internationalisation of high growth smes in health technology business |
| topic | entrepreneurial ecosystems health technology high growth smes internationalization |
| url | http://www.etimm.ase.ro/RePEc/aes/jetimm/2020/ETIMM_V01_2020_40.pdf |
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