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Entrepreneurship Knowledge Insights in Emerging Markets Using a SECI Model Approach

  • Dario LiberonaEmail author
  • Aravind Kumaresan
  • Lionel Valenzuela
  • Cristian Rojas
  • Roberto Ferro
Conference paper
Part of the Communications in Computer and Information Science book series (CCIS, volume 1027)

Abstract

Entrepreneurship is an engine for economic growth, but generally the success rates are low [8, 10, 19], and they are even lower in developing countries where the relative cost of failure is even higher than in develop countries. There is little specific Latin American knowledge that has been incorporated to help reducing this failure rate, most of the entrepreneurial models have been developed for economies with advanced entrepreneurial ecosystems such has Silicon Valley, with economies and cultures that differ from developing economies, there is a lack of data and research on this topic. This research aims to use the SECI model approach in order to identify entrepreneurial practices for emerging countries that could improve the chances of success and to transfer these practices.

The study shows that the use of a SECI model approach is very successful at an ecosystem level and that the entrepreneurial knowledge is related to the actual stage of the entrepreneurial journey of startups, also that there are significant differences in access to venture capital funds and angel investors in the Latin American Market and also a much less tolerance to failure in Chile and the region.

Keywords

SECI model Startups Entrepreneurship practices Entrepreneurship ecosystem Knowledge transfer 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Dario Liberona
    • 1
    Email author
  • Aravind Kumaresan
    • 2
  • Lionel Valenzuela
    • 1
  • Cristian Rojas
    • 1
  • Roberto Ferro
    • 3
  1. 1.Department of Business AdministrationUniversidad Técnica Federico Santa MariaValparaísoChile
  2. 2.University of VaasaVaasaFinland
  3. 3.Universidad Distrital Francisco José de CaldasBogotáColombia

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