Edited by Michael L. Fetters, Patricia G. Greene, Mark P. Rice and John S.ibley Butler
Chapter 6: Tecnológico de Monterrey
6. Tecnológico de Monterrey Jose Manuel Aguirre Guillén, Arturo Torres García and Karla Giordano DESCRIPTION OF THE ENTREPRENEURSHIP ECOSYSTEM The likelihood that entrepreneurs will successfully grow their businesses depends not only on their motivation but also on their capabilities and the opportunities available in their environment. Entrepreneurship is a difficult activity to cultivate because it demands so many different supporting components to move from an idea or concept to successful execution. The sum of such components, when properly organized and harmoniously interacting with each other, becomes the ecosystem. If promoting entrepreneurship in developed countries is hard, in developing countries the task is even more difficult due to a number of barriers such as unwelcoming attitudes in society, the lack of training and mentors, the lack of access to credit and financing, and the lack of access to innovation and research resources (Curtin 2003). The Mexican Context Over the past years Mexico’s competitive position in several global rankings has been moving downward. Although in general terms gross domestic product (GDP) and inflation have shown stability and steady growth, the speed and the response to accelerated growth in nations like Korea, China or India have been insufficient. As in other Latin American countries, the Mexican economy has been supported by low- to middlelevel value-added processes like manufacturing and natural resources. In addition, insufficient investment in research and development (R&D) has led to a significant weakness in product and process innovation. R&D expenditure, although rising from 0.3 percent...
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