Projectification and Partnering:: An Amalgamated Approach for New Venture Creation in an Entrepreneurial Ecosystem

Zhengwei Li, Jixun Liu, Feirong Wang, Xiaoxian Zhu

Research output: Contribution to journalArticleResearchpeer-review

Abstract

The creation of
a
new venture is at the heart of
entrepreneurship
.
Chinese
governments
at
different levels
are proactive in
promot
ing
the
entrepreneurial ecosystem
(EE) and foster
ing
new venture
creation
(NVC)
.
H
owever
,
it is still far from
clear
how governments as focal actor
s
in the
EE affect and
regulate the process and pattern of NVC
.
This study
borrow
s
from
the theory of temporary organization
and
conduct
s
a comparative
case study
o
f
two entrepreneurial projects in
the
Hangzhou Dream Town
EE
.
This
study
proposes an integrated conc
eptual framework
to illustrate NVC in two dimensions of
projectification
(
the
process of NVC
)
and partnering
(
a
pattern of NVC
)
a
nd
specifies
that
the
main role
of
local government
s
is
as a
sponsor, feeder
,
and endorser in
that order
.
The three function
al
roles
enable
local government
s
to
cataly
z
e
the creation of new venture
s
through
projectification and partnering.
Our
study
not only
contributes to
the
literature
o
n
entrepreneurship
,
governance theory
,
and the theory
o
f
temporary organization
but
also provides
a
n
actionable approach for government
s
to foster
new ventures
,
especially
in
transition economics
such as
China
LanguageEnglish
Number of pages42
JournalJournal of Emerging Markets Finance and Trade
Publication statusAccepted/In press - 31 Jan 2019

Fingerprint

Ecosystem
Partnering
New venture creation
New ventures
Government
Entrepreneurship
Sponsor
Governance theory
China
Economics
Integrated
Comparative case study
Venture creation
Temporary organization
Conceptual framework

Cite this

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title = "Projectification and Partnering:: An Amalgamated Approach for New Venture Creation in an Entrepreneurial Ecosystem",
abstract = "The creation of a new venture is at the heart of entrepreneurship.Chinese governments atdifferent levelsare proactive inpromotingthe entrepreneurial ecosystem (EE) and fosteringnew venture creation (NVC).However,it is still far fromclearhow governments as focal actorsin theEE affect and regulate the process and pattern of NVC.This studyborrowsfromthe theory of temporary organization and conductsa comparative case study oftwo entrepreneurial projects intheHangzhou Dream Town EE. This study proposes an integrated conceptual framework to illustrate NVC in two dimensions of projectification(the process of NVC)and partnering(a pattern of NVC)and specifies that themain role of local governmentsisas a sponsor, feeder,and endorser in that order. The three functionalrolesenable local governmentstocatalyze the creation of new venturesthrough projectification and partnering. Our study not only contributes to the literature on entrepreneurship, governance theory,and the theory oftemporary organizationbut also provides anactionable approach for governmentsto foster new ventures, especially intransition economics such as China",
author = "Zhengwei Li and Jixun Liu and Feirong Wang and Xiaoxian Zhu",
year = "2019",
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issn = "1540-496X",
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}

Projectification and Partnering: An Amalgamated Approach for New Venture Creation in an Entrepreneurial Ecosystem. / Li, Zhengwei; Liu, Jixun; Wang, Feirong; Zhu, Xiaoxian.

In: Journal of Emerging Markets Finance and Trade, 31.01.2019.

Research output: Contribution to journalArticleResearchpeer-review

TY - JOUR

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AU - Li, Zhengwei

AU - Liu, Jixun

AU - Wang, Feirong

AU - Zhu, Xiaoxian

PY - 2019/1/31

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AB - The creation of a new venture is at the heart of entrepreneurship.Chinese governments atdifferent levelsare proactive inpromotingthe entrepreneurial ecosystem (EE) and fosteringnew venture creation (NVC).However,it is still far fromclearhow governments as focal actorsin theEE affect and regulate the process and pattern of NVC.This studyborrowsfromthe theory of temporary organization and conductsa comparative case study oftwo entrepreneurial projects intheHangzhou Dream Town EE. This study proposes an integrated conceptual framework to illustrate NVC in two dimensions of projectification(the process of NVC)and partnering(a pattern of NVC)and specifies that themain role of local governmentsisas a sponsor, feeder,and endorser in that order. The three functionalrolesenable local governmentstocatalyze the creation of new venturesthrough projectification and partnering. Our study not only contributes to the literature on entrepreneurship, governance theory,and the theory oftemporary organizationbut also provides anactionable approach for governmentsto foster new ventures, especially intransition economics such as China

M3 - Article

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