How Entrepreneurship Ecosystem influences the development of frugal innovation and informal entrepreneurship?

Igwe, Paul, Odunukan, Kenny, Rahman, Mahfuzur , Rugara, David and Ochinanwata, Chinedu (2020) How Entrepreneurship Ecosystem influences the development of frugal innovation and informal entrepreneurship? Thunderbird International Business Review, 62 (5). pp. 475-488. ISSN 1096-4762

Full content URL: https://doi.org/10.1002/tie.22157

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Abstract

This article critically analyses how the entrepreneurial ecosystem (EE) and institutional environment influences the development of frugal innovation and informal entrepreneurship. There is a dearth of empirical research on African entrepreneurship ecosystems and complementors that produce innovations in the informal sector. We address this gap, by examining why and how informal businesses operate and evolve. Based on a qualitative approach, interviewing 20 business owners in Nigeria, two focus groups meeting with 5 and 7 business associations leaders respectively, we examine the role of institutional environments, how entrepreneurs operate and overcome the barriers to entrepreneurship. The results reveal a model of determinants of frugal innovation and informal entrepreneurship ecosystem comprising of formal/informal rules, access to market and family as important elements that act as a means to effective knowledge flows, networking, capital and resources sharing.

Keywords:Entrepreneurial Ecosystem, Frugal Innovation, Institutional Theory, Informal Enterprise, African Entrepreneurship
Subjects:N Business and Administrative studies > N220 Institutional Management
N Business and Administrative studies > N215 Organisational Development
N Business and Administrative studies > N211 Strategic Management
Divisions:Lincoln International Business School
ID Code:40088
Deposited On:10 Mar 2020 11:26

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