Open for Entrepreneurship: How Open Innovation Can Foster New Venture Creation

Accepted at Creativity and Innovation Management, Forthcoming

27 Pages Posted: 9 Jun 2015  

Nazanin Eftekhari

Aalborg University - Department of Business and Management

Marcel Bogers

University of Copenhagen - Department of Food and Resource Economics (IFRO)

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Date Written: June 5, 2015

Abstract

This paper explores how an open approach to new venture creation — purposefully managing knowledge flows across the venture’s organizational boundary — can be beneficial for start-up entrepreneurs. Our inductive case study, of both failure and success, identifies the key attributes of this open approach and how they affect the start-ups’ short-term survival. We find that ecosystem collaboration, user involvement, and an open environment directly influence new venture survival, and that their effects were moderated by the entrepreneurs’ open mindset. These findings carry a number of implications for entrepreneurship and innovation research and practice, providing some attention points for researchers, entrepreneurs, investors, and policymakers interested in developing successful new ventures.

Suggested Citation

Eftekhari, Nazanin and Bogers, Marcel, Open for Entrepreneurship: How Open Innovation Can Foster New Venture Creation (June 5, 2015). Accepted at Creativity and Innovation Management, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2616025

Nazanin Eftekhari

Aalborg University - Department of Business and Management ( email )

Aalborg, DK-9220
Denmark

Marcel Bogers (Contact Author)

University of Copenhagen - Department of Food and Resource Economics (IFRO) ( email )

Unit for Innovation, Entrepreneurship & Management
Rolighedsvej 25
Copenhagen, 1958
Denmark

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