TY - JOUR

T1 - Open for entrepreneurship

T2 - how open innovation can foster new venture creation

AU - Eftekhari, Nazanin

AU - Bogers, Marcel

PY - 2015

Y1 - 2015

N2 - 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.

AB - 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.

U2 - 10.1111/caim.12136

DO - 10.1111/caim.12136

M3 - Journal article

VL - 24

SP - 574

EP - 584

JO - Creativity and Innovation Management

JF - Creativity and Innovation Management

SN - 0963-1690

IS - 4

ER -