Journal
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
Volume 171, Issue -, Pages -Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.techfore.2021.120945
Keywords
Uncertainty; Uncertainty propagation; New ventures; Innovation ecosystem
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Funding
- National Council for Scientific and Technological Development (CNPq-Brazil) [436877/20180]
- Sao Paulo Research Foundation (FAPESP) [2015/26662-5]
- Isa Cteep-Aneel [PD-00068-0045/2019]
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The paper examines how entrepreneurs cope with uncertainty propagation in innovation ecosystems, identifying four mechanisms for managing uncertainty: identification of a protected niche, use of cognitive alignment, adoption of sequential learning, and use of a communication platform. These mechanisms form the basis of a holistic framework for mitigating the effects of uncertainty propagation.
The propagation of uncertainty occurs when information, perceived as revealing uncertainty, spreads through the innovation ecosystem. This paper explores how entrepreneurs cope with uncertainty propagation. Drawing on four in-depth inductive case studies of innovation ecosystems, we characterise the phenomenon of uncertainty propagation and the mechanisms by which entrepreneurs might manage the same. The mechanisms are: i) identification of a protected niche; ii) use of cognitive alignment; iii) adoption of sequential learning; and iv) use of a communication platform. These mechanisms serve as the basis of a holistic framework that can be used to mitigate the effects and occurrence of uncertainty propagation. Overall, this paper contributes to the reinvigoration of the study of uncertainty and the management of uncertainty in new firms and in the innovation ecosystems.
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