Conference Proceedings

6th International E- conference on Engineering, Technology and Management - ICETM 2021

BUSINESS PERSPECTIVE OF INNOVATION ECOSYSTEMS

Author(s) : Andras Hary, Csilla Toth, Leticia Pekk

Abstract

Term of innovation ecosystem might include various types of players in a localized area. The current paper analyzed park-like innovation ecosystems in Hungary with the purpose of defining characteristic pattern from the main business indicators point of view. Thus, the aim of the research is to explore apparent aggregated performance characteristics of ecosystems by empirical examination of different ecosystems. The conclusions reached as a result of the study different patterns identified along the lines of the three indicators of business effectiveness within the ecosystem: the average increase in turnover, the average increase in financial results and the average change in headcount. On one hand, these aggregated indicators are usable to characterize the various group of ecosystems. Additionally, this approach is feasible to describe not only the sustainability of an ecosystem but also offer an attribute on the development strategy. As a result of this research, the outlined quantitative method of innovation-based ecosystems can be considered for further assessment of innovation ecosystems. This is useful for defining the management strategy of the innovation ecosystem, analyzing the development path of an ecosystem throughout its life cycle or making preparatory actions in the changing technology environment in order to be prepared for the new technology challenges of an industrial sector.

Conference Title : 6th International E- conference on Engineering, Technology and Management - ICETM 2021
Conference Date(s) : 12 December, 2021
Place : Online (Via Video Conference)
No fo Author(s) : 3
DOI : 10.15224/ 978-1-63248-193-1-12
Page(s) : 51-57
Electronic ISBN : 978-1-63248-193-1
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