scholarly journals Is open innovation imprinted on new ventures? The cooperation-inhibiting legacy of authoritarian regimes

2022 ◽  
Vol 51 (1) ◽  
pp. 104409
Author(s):  
Michael Wyrwich ◽  
Philip J. Steinberg ◽  
Florian Noseleit ◽  
Pedro de Faria
Keyword(s):  
Open Innovation ◽  
New Ventures ◽  
Authoritarian Regimes

scholarly journals Strategic Objectives of Corporate Venture Capital as a Tool for Open Innovation

2020 ◽  
Vol 6 (4) ◽  
pp. 157 ◽  
Author(s):  
Felix Pinkow ◽  
Jasper Iversen
Keyword(s):  
Venture Capital ◽  
Open Innovation ◽  
New Technologies ◽  
New Ventures ◽  
Corporate Venture Capital ◽  
Comprehensive Overview ◽  
Conceptual Foundation ◽  
Strategic Objectives ◽  
External Knowledge ◽  
Corporate Venture

Corporations are confronted with challenges adjusting to changing technologies and markets. Seeking innovations externally through open innovation is a possible approach to go beyond the internal development of innovations. One practice of open innovation to assimilate external knowledge is corporate venture capital (CVC), meaning minority investments in entrepreneurial ventures by incumbent firms, whereby the objectives of CVC investments might be purely financial or may pursue strategic goals. CVC has been identified as a possible approach to ambidexterity, since investments in new ventures can allow to explore new technologies and markets, or to improve internal exploitative capabilities. Although literature on the potential strategic benefits of CVC is abundantly available, a systematic conceptualization of strategic objectives is lacking. Therefore, this paper examines strategic objectives of CVC and seeks to enrich, extend and conceptualize existing research through a theoretical framework. The conceptual foundation of this study embeds CVC in the ambidexterity literature, and clusters objectives of CVC investments in view of an ambidextrous organization and the degree of autonomy given to CVC units. The strategic objectives that can be pursued through CVC investments are (a) strengthening the core business, (b) leveraging the ecosystem, and (c) exploring new markets and technologies. This study concludes with a comprehensive overview of the strategic objectives that can be pursued by CVC, illustrates the barriers and limitations of CVC investments, and discusses the role of autonomy and ambidexterity with respect to the individual strategic objectives. Hereby, CVC is identified as a powerful approach to engage in open innovation practices, since it allows one to pursue a range of different strategic objectives through tapping into external knowledge held by new ventures. Often considered an approach for exploring new technologies through external knowledge acquisition, CVC is also identified as an open innovation approach that allows organizations to increase their internal exploitation capabilities.

scholarly journals The importance for a start-up to trust in open innovation: A systematic literature review

2020 ◽  
Vol 9 (4) ◽  
pp. 289-297
Author(s):  
Katia Mastrostefano ◽  
Gustavo Morales-Alonso ◽  
Marco Greco ◽  
Michele Grimaldi ◽  
Jose Antonio Blanco-Serrano
Keyword(s):  
Open Innovation ◽  
New Ventures ◽  
Innovation Adoption ◽  
Well Being ◽  
Crucial Point ◽  
Start Up ◽  
External Sources ◽  
Start Ups ◽  
Manage Innovation ◽  
Innovation Processes

It has long been known that new firms are fundamental for economic growth. Starting new companies is one of the best ways to fight unemployment and to generate well-being. Therefore, attention is paid by the scientific community to start-ups, with particular empha-sis at how they generate, acquire and manage innovation. Initially, start-ups need to identify the resources necessary for innovation and later they will decide whether to develop them internally or acquire them externally. Being open to external sources is a crucial point for the success of new ventures; indeed, adopting Open Innovation processes allows start-ups to overcome their initial shortcomings. The goal of this research is to understand the literature status related to Open Innovation adoption by start-ups.

scholarly journals Framing Open Innovation in Start-Ups’ Incubators: A Complexity Theory Perspective

2018 ◽  
Vol 4 (3) ◽  
pp. 33 ◽  
Author(s):  
Cinzia Battistella ◽  
Alberto De Toni ◽  
Elena Pessot
Keyword(s):  
Complex System ◽  
Complexity Theory ◽  
Open Innovation ◽  
New Ventures ◽  
Innovation Process ◽  
Complexity Sciences ◽  
Physical Infrastructure ◽  
Multiple Case ◽  
Innovation Practices ◽  
Start Ups

Recently, concepts and principles from the Complexity Theory (or, generally speaking, the complexity sciences) have been applied as a perspective for capturing the influence of the context, interaction, and adaption in the innovation processes, such as the ones enabled in the business incubators. The purpose of this paper is to implement a frame of reference for understanding the start-ups’ incubator as a complex system where innovation, learning, and self-organization take place. We build on the interfaces between the Complexity Theory (i.e., complexity sciences) and Open Innovation literature to identify principles, patterns, and conditions that frame the incubation practices as simple rules aimed to sustain the innovation process towards the creation of new ventures. Results from the multiple case studies conducted in five incubators show that the features of variety, nonlinear interaction, interdependence, autonomy, and emergence of the incubation process framed as a complex system are enabled in different ways by the combination of the open innovation practices and services provided by the start-ups’ incubators, including the provision of physical infrastructure, access to funding streams, experts/entrepreneurs networking, education/workshops, mentorship, and advice.

Exploring the Effects of Innovation Ecosystem Models on Innovative Performances of Start-Ups: The Contingent Role of Open Innovation

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Jing Zhang ◽  
Bo Yu ◽  
Chang Lu
Keyword(s):  
Open Innovation ◽  
New Ventures ◽  
Moderating Effects ◽  
Ecosystem Models ◽  
Innovation Ecosystem ◽  
Resource Based View ◽  
Positive Effects ◽  
Innovation Ecosystems ◽  
Start Ups

Abstract A firm’s participation in an innovation ecosystem can increase its competitiveness and potentiality in turbulent circumstances. From a resource-based view (RBV) and the value proposition perspective, this study explored how participation in heterogeneous innovation ecosystems affects the innovative performances (IPs) of start-ups. We studied the adaptability between innovation ecosystem models and open innovation (OI) strategies, as well as examined their effects on new ventures. Specifically, innovation ecosystem models were classified into platform- and product-based innovation ecosystems according to the structural logic of accessing resources. Then, we examined the effects of these ecosystems on the IPs of start-ups and analyzed the moderating effects of the breadth and depth of OI on these ecosystems. The findings revealed that the participation of start-ups in such ecosystems had positive effects on their IPs and OI breadth’s inverted U-shape moderated the relationships between product-based innovation ecosystems and the IPs while strengthening the positive relationships between platform-based innovation ecosystems and the IPs. In addition, OI depth enhanced the positive effects of both ecosystems on the IPs of start-ups. This study has enlightening implications for research on innovation ecosystems, OI, and entrepreneurs.

Investment climate and government turnover in russian regions

2014 ◽  
pp. 88-117 ◽  
Author(s):  
G. Syunyaev ◽  
L. Polishchuk
Keyword(s):  
Economic Development ◽  
Theoretical Model ◽  
Private Sector ◽  
Authoritarian Regimes ◽  
Russian Regions ◽  
Investment Climate ◽  
Regional Data ◽  
Endogenous Property Rights ◽  
The Impact

We study the impact of Russian regional governors’ rotation and their affiliation with private sector firms for the quality of investment climate in Russian regions. A theoretical model presented in the paper predicts that these factors taken together improve “endogenous” property rights under authoritarian regimes. This conclusion is confirmed empirically by using Russian regional data for 2002—2010; early in that period gubernatorial elections had been canceled and replaced by federal government’s appointments. This is an indication that under certain conditions government rotation is beneficial for economic development even when democracy is suppressed.

Trust in the Police: Cross-country Comparisons

2012 ◽  
pp. 24-47
Author(s):  
V. Gimpelson ◽  
G. Monusova
Keyword(s):  
Public Opinion ◽  
Public Attitudes ◽  
Crime Rates ◽  
Authoritarian Regimes ◽  
Data Sets ◽  
The Public ◽  
Positive Attitudes ◽  
Cross Country ◽  
Police Activity

Using different cross-country data sets and simple econometric techniques we study public attitudes towards the police. More positive attitudes are more likely to emerge in the countries that have better functioning democratic institutions, less prone to corruption but enjoy more transparent and accountable police activity. This has a stronger impact on the public opinion (trust and attitudes) than objective crime rates or density of policemen. Citizens tend to trust more in those (policemen) with whom they share common values and can have some control over. The latter is a function of democracy. In authoritarian countries — “police states” — this tendency may not work directly. When we move from semi-authoritarian countries to openly authoritarian ones the trust in the police measured by surveys can also rise. As a result, the trust appears to be U-shaped along the quality of government axis. This phenomenon can be explained with two simple facts. First, publicly spread information concerning police activity in authoritarian countries is strongly controlled; second, the police itself is better controlled by authoritarian regimes which are afraid of dangerous (for them) erosion of this institution.

Speeding-Up Innovation with Business Hackathons

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Myrna FLORES ◽  
Matic GOLOB ◽  
Doroteja MAKLIN ◽  
Christopher TUCCI
Keyword(s):  
United Kingdom ◽  
Open Innovation ◽  
Entrepreneurial Ecosystems ◽  
The United Kingdom ◽  
Short Period ◽  
User Centric ◽  
Specific Challenge ◽  
Innovation Outcomes ◽  
The Way

In recent years, the way organizations innovate and develop new solutions has changed considerably. Moving from ‘behind the closed doors’ style of innovating to open innovation where collaboration with outsiders is encouraged, organizations are in the pursuit of more effective ways to accelerate their innovation outcomes. As a result, organizations are establishing creative and entrepreneurial ecosystems, which not only empower employees but also involve many others to co-create new solutions. In this paper, we present a methodology for organizing hackathons, i.e. competition-based events where small teams work over a short period of time to ideate, design, prototype and test their ideas following a user-centric approach to solve a specific challenge. This paper also provides insights into two different hackathons organized in the United Kingdom, and Mexico, as well as a series of 5 hackathons organized in Argentina, Mexico, Switzerland, United Kingdom and in Senegal.

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