Clusters, entrepreneurial ecosystem co-creation, and appropriability: A conceptual framework

Christos Pitelis

Research output: Contribution to journalArticlepeer-review

102 Citations (Scopus)

Abstract

Extant literature on clusters underplays the role of entrepreneurs and entrepreneurial management in creating and co-creating organizations, markets, and supporting ecosystems. We employ transaction costs, resource-knowledge-capabilities and power-control-based theories to provide a comparative static governance-based perspective on clusters. We embed this into a more general co-evolutionary entrepreneurial theory of the emergence, evolution and co-evolution of markets, ecosystems, and clusters. We suggest that clusters can involve advantages that help engender superior appropriation of co-created value, as compared to alternatives. Entrepreneurial managers, faced with a degree of choice, will help co-create clusters and be part of them, for as long as they can appropriate more value in this way than through alternatives.
Original languageEnglish
Pages (from-to)1359-1388
Number of pages30
JournalIndustrial and Corporate Change
Volume21
Issue number6
Early online date24 Mar 2012
DOIs
Publication statusPublished - Dec 2012

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