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- W2899662020 abstract "We have started formulating and simulating the lifecycle of knowledge-driven (that would include technology-driven) ventures that can be viewed as the exercise of real options under regimes of risk and uncertainty that is modeled in the form of “happy accidents” namely, strategic knowledge serendipity, arbitrage and acquisition events that punctuate the process of the venture’s lifecycle. In practical terms, we find that the timing, selection and sequencing of key decisions pertaining to new venture formation and evolution are contingent in a non-linear manner to the breadth and depth as well as the quality and density of the network structure of the business and technology ecosystem within which a venture is situated. We find that up to a certain point of cultivating and nurturing the new firm’s “socio-economic” network, the costs outweigh the benefits but with an abrupt about-face once a critical mass in the scale, scope and quality of this “socio-economic” network or business and technology ecosystem is attained when the benefits start outweighing and exponentially exceeding the costs." @default.
- W2899662020 created "2018-11-16" @default.
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- W2899662020 date "2018-06-29" @default.
- W2899662020 modified "2023-09-26" @default.
- W2899662020 title "Towards “skarse” entrepreneurial ecosystems: using agent-based simulation of entrepreneurship to reveal what makes regions tick" @default.
- W2899662020 doi "https://doi.org/10.4337/9781784710064.00013" @default.
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