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

Nazanin Eftekhari, Marcel Bogers

Research output: Contribution to journalArticleAcademicpeer-review

36 Citations (Scopus)

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 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 policy makers interested in developing successful new ventures.

Original languageEnglish
Pages (from-to)574-584
Number of pages11
JournalCreativity and Innovation Management
Volume24
Issue number4
DOIs
Publication statusPublished - 1 Dec 2015
Externally publishedYes

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