Figure 1
A diagram shows links between dynamics of entrepreneurial ecosystems and locational concentration of franchised networks.The diagram is enclosed in a large horizontal rectangle. Inside the rectangle, on the left, there is a vertical dashed rectangle labeled “DYNAMICS OF ENTREPRENEURIAL ECOSYSTEMS.” It contains five text boxes arranged in a vertical series, labeled from top to bottom as follows: “Demand,” “Knowledge,” “Networks,” “Leadership,” and “Talent.” A large right-pointing arrow labeled “Proposition” connects to a text box on the right labeled “Locational concentration of franchised networks.”

Analytical model. The authors’ based on Stam (2015) 

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