Entrepreneurial Ecosystems and Societal Impact: Opportunities at the Intersection of Place, Sustainable Development, and Technology Management

Entrepreneurial ecosystems encompass the actors and factors within geographic areas that collectively foster entrepreneurship. Research on these ecosystems emphasizes the importance of “place” in both innovation and technology management. In particular, the elements and attributes of local communiti...

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Main Author: Philip T. Roundy
Format: Article
Language:Spanish
Published: Instituto Tecnológico Metropolitano 2024-09-01
Series:Revista CEA
Subjects:
Online Access:https://revistas.itm.edu.co/index.php/revista-cea/article/view/3267
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author Philip T. Roundy
author_facet Philip T. Roundy
author_sort Philip T. Roundy
collection DOAJ
description Entrepreneurial ecosystems encompass the actors and factors within geographic areas that collectively foster entrepreneurship. Research on these ecosystems emphasizes the importance of “place” in both innovation and technology management. In particular, the elements and attributes of local communities significantly influence the development of new technologies, business models, and products. Increasingly, organizations are harnessing technological innovations to attain both financial sustainability and societal impact. Entrepreneurs who establish and manage these organizations, commonly referred to as “social entrepreneurs,” strive to create thriving businesses while addressing critical societal issues such as poverty, homelessness, human trafficking, environmental degradation, and animal cruelty. Although successfully pursuing sustainable development opportunities is challenging, social entrepreneurs can utilize local resources and their entrepreneurial ecosystems to bolster their initiatives. Despite substantial progress in understanding the interplay between entrepreneurs’ agency and the dynamics of their local environments, there remain important opportunities to explore how entrepreneurs interact with their ecosystems while creating technological innovations, managing their ventures, and striving for societal impact.
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spelling doaj-art-c5e1c0d6b30b4e7da6e1a096d5d17d2a2025-08-20T02:23:49ZspaInstituto Tecnológico MetropolitanoRevista CEA2390-07252422-31822024-09-011024e3267e326710.22430/24223182.32672812Entrepreneurial Ecosystems and Societal Impact: Opportunities at the Intersection of Place, Sustainable Development, and Technology ManagementPhilip T. Roundy0https://orcid.org/0000-0002-4262-5274University of Tennessee at ChattanoogaEntrepreneurial ecosystems encompass the actors and factors within geographic areas that collectively foster entrepreneurship. Research on these ecosystems emphasizes the importance of “place” in both innovation and technology management. In particular, the elements and attributes of local communities significantly influence the development of new technologies, business models, and products. Increasingly, organizations are harnessing technological innovations to attain both financial sustainability and societal impact. Entrepreneurs who establish and manage these organizations, commonly referred to as “social entrepreneurs,” strive to create thriving businesses while addressing critical societal issues such as poverty, homelessness, human trafficking, environmental degradation, and animal cruelty. Although successfully pursuing sustainable development opportunities is challenging, social entrepreneurs can utilize local resources and their entrepreneurial ecosystems to bolster their initiatives. Despite substantial progress in understanding the interplay between entrepreneurs’ agency and the dynamics of their local environments, there remain important opportunities to explore how entrepreneurs interact with their ecosystems while creating technological innovations, managing their ventures, and striving for societal impact.https://revistas.itm.edu.co/index.php/revista-cea/article/view/3267entrepreneurial ecosystemsentrepreneurshiptechnology managementsustainable developmentsocietal impact
spellingShingle Philip T. Roundy
Entrepreneurial Ecosystems and Societal Impact: Opportunities at the Intersection of Place, Sustainable Development, and Technology Management
Revista CEA
entrepreneurial ecosystems
entrepreneurship
technology management
sustainable development
societal impact
title Entrepreneurial Ecosystems and Societal Impact: Opportunities at the Intersection of Place, Sustainable Development, and Technology Management
title_full Entrepreneurial Ecosystems and Societal Impact: Opportunities at the Intersection of Place, Sustainable Development, and Technology Management
title_fullStr Entrepreneurial Ecosystems and Societal Impact: Opportunities at the Intersection of Place, Sustainable Development, and Technology Management
title_full_unstemmed Entrepreneurial Ecosystems and Societal Impact: Opportunities at the Intersection of Place, Sustainable Development, and Technology Management
title_short Entrepreneurial Ecosystems and Societal Impact: Opportunities at the Intersection of Place, Sustainable Development, and Technology Management
title_sort entrepreneurial ecosystems and societal impact opportunities at the intersection of place sustainable development and technology management
topic entrepreneurial ecosystems
entrepreneurship
technology management
sustainable development
societal impact
url https://revistas.itm.edu.co/index.php/revista-cea/article/view/3267
work_keys_str_mv AT philiptroundy entrepreneurialecosystemsandsocietalimpactopportunitiesattheintersectionofplacesustainabledevelopmentandtechnologymanagement