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Identifying Fertile Ground: Peripheral Stakeholder Contribution to a Healthy Entrepreneurial Ecosystem

Abstract

High-growth entrepreneurial ventures can be the engine of economic growth, but need the support of a diverse and well-integrated entrepreneurial ecosystem in order to succeed. Sufficient resources from multiple stakeholders in the local environment are necessary in order to maintain and grow these ventures. The presence of peripheral stakeholders such as small non-scalable businesses are proposed as critical to the success of entrepreneurial activity. Therefore, peripheral stakeholder needs must be considered. Suggestions are made for engagement of all entities in a conversation about how to identify and nurture a fertile ground for development and growth. To start, all the various resource providers who depend on entrepreneurial activity should identify niche players who may have chosen to stay small.

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