The main barriers of Portuguese entrepreneurship ecosystem: Interpretive Structural Modeling (ISM) approach

Authors

Keywords:

Interpretive Structural Modelling, Portuguese Entrepreneurship Ecosystem, Barriers, Modelling, Flowchart

Abstract

This study is based on the technique Interpretive Structural Modelling (ISM) (Warfield, 1973), in order to delineate a flowchart that shows the main ten barriers (and their relationships) influencing the development of Portuguese Entrepreneurship Ecosystem. Through a process of modelling it was possible to reach a graphical representation that shows the operating sequence of these barriers in order to understand the logic of their relationship. The results show a model represented by a flowchart consisting of 10 barriers, three of them that are positioned at the base of the model have political-legislative features with high level of range in all the remaining barriers, so a political involvement, carefully measured, could contribute to the improvement of the Portuguese Entrepreneurship Ecosystem. The final model is a useful tool that can be adopted by key decision-makers and players in the Ecosystem in order to optimize the selection of measures enabling the entrepreneurial activity in Portugal.

Author Biographies

  • Francisco Manuel Banha, School of Economics - University of the Algarve
    PhD Student
  • Maria Helena Almeida, Faculty of Economy of University of Algarve

    Assistant Professor, Faculty of Economy of University of Algarve

  • Efigenio Luz Rebelo, Faculty of Economy of University of Algarve
    President of the Scientific Committee and the Director of the PhD Programme in Economic and Management Sciences.
  • Alejandro Orgambídez Ramos, Faculty of Human and Social Sciences of University of Algarve
    Assistant Professor

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Published

30.04.2017

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Business/Management: Research Papers

How to Cite

The main barriers of Portuguese entrepreneurship ecosystem: Interpretive Structural Modeling (ISM) approach. (2017). Tourism & Management Studies, 13(2), 60-70. https://www.tmstudies.net/index.php/ectms/article/view/970