Fostering Global Innovation: Strategies for Japanese Entrepreneurs and Business Ecosystems

Yoshida, Kentaro

Abstract

This paper explores strategies for fostering global innovation among Japanese entrepreneurs by addressing key challenges within Japan's entrepreneurial environment. The prolonged economic stagnation, commonly referred to as the "Lost Decades," has contributed to a low level of entrepreneurial activity and innovation. This study employs a mixed-methods approach, combining qualitative and quantitative data from three case studies of Japanese small and medium-sized enterprises (SMEs) operating overseas. The findings highlight the importance of entrepreneurial education, the formation of regional industrial clusters, and the utilization of both domestic and international networks to enhance global competitiveness. The role of aspiration, defined as ambitions related to growth, international expansion, and social value creation, is identified as a critical factor in achieving innovation. Policy recommendations are provided to support the development of a sustainable entrepreneurial ecosystem in Japan, emphasizing government support, cross-border collaboration, and knowledge sharing to overcome structural barriers and promote a culture that encourages entrepreneurial endeavors.

Citation

Yoshida, K. Fostering Global Innovation: Strategies for Japanese Entrepreneurs and Business Ecosystems. London

• Working Paper Type: Discussion Paper
• Deposit Date: Oct 28, 2024
• Publicly Available Date: Oct 28, 2024
• Pages: 1-18
• Keywords: Global innovation, Entrepreneurial Education, Industrial Clusters, Aspiration, Japanese, SMEs, International Expansion, Ecosystem