Open for entrepreneurship: how open innovation can foster new venture creation

Research output: Contribution to journalJournal articlepeer-review

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
JournalCreativity and Innovation Management
Issue number4
Pages (from-to)574–584
Number of pages11
Publication statusPublished - 2015

ID: 143161306