The Influence of Cultural Factors in the Business Environment on the Formation and Maturity of Entrepreneurial Ecosystems

Abstract

This study explores how cultural factors within the business environment affect the formation and maturity of entrepreneurial ecosystems. Employing a qualitative, exploratory approach, the data were analyzed using thematic analysis. The research population consisted of managers and entrepreneurs of knowledge-based businesses in Isfahan. Using snowball sampling, semi-structured interviews were conducted with nine experts, achieving theoretical saturation.

The analysis identified several key themes that shape the development and maturation of entrepreneurial ecosystems: a culture of innovation and risk-taking, collective values and beliefs, leadership style and structure, continuous learning and skill development, and market- and customer-oriented perspectives. The findings indicate that promoting innovative thinking and risk-taking, fostering trust and collaborative work, implementing transformational leadership, emphasizing ongoing skill development, and focusing on customer needs create a strong foundation for sustainable ecosystem growth and development.

These insights offer valuable guidance for policymakers and ecosystem managers in designing supportive strategies and development programs.