Impact of the SECI Entrepreneurial Development Model on Entrepreneurial Activities: Unleashing Entrepreneurial Knowledge Creation Potential

Abstract

This study uses a novel idea of the entrepreneurial development process using the SECI framework that addresses how implicit and explicit entrepreneurial knowledge is transformed into new startups. There are four distinct modes: socialization, externalization, combination, and internalization. This study analyzes the influence of the SECI entrepreneurial development model on entrepreneurial activities across the globe, utilizing the data set from the Global Entrepreneurship Monitor (GEM). The GEM data set is an extensive and dependable resource that provides information on all facets of entrepreneurial development, including entrepreneurial activity, attitudes, intentions, and contextual factors, including government policies and social environment. The study utilizes panel data and examines the underlying hypotheses. The findings reveal the underlying process of entrepreneurial endeavors through the SECI framework. This study enhances the existing body of knowledge on knowledge management and entrepreneurship by presenting empirical evidence that supports the validity and practicality of the SECI framework in various settings. The study has practical implications for policymakers, scholars, and practitioners aiming to cultivate a culture of innovation and entrepreneurship.