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Open innovation: an evolving entrepreneurial technique
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Reid, Patrick (2009) Open innovation: an evolving entrepreneurial technique. International Review of Entrepreneurship, Vol.7 (Iss.1). ISSN 2009-2822.
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Official URL: http://www.senatehall.com/entrepreneurship?article...
Abstract
As internet penetration continues to grow across the globe, the potential pool of skilled and talented individuals and organizations that can be contacted or engaged in a commercial or professional arrangement expands. This flexible pool of resources can be utilised via a variety of methods and has been made more accessible by the growth of rich interactive media and social networking tools, which are frequently deployed both professionally and socially. This paper reviews the literature and recent uses of Open Innovation techniques which can facilitate corporate entrepreneurship. There is clear evidence to show that these techniques enable and accelerate entrepreneurial processes in addition to enabling greater agility in product and service development. The ability to access diversity and create new knowledge will be a key driver of success for many organizations and will support the development of entrepreneurial economies.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HF Commerce |
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Divisions: | Faculty of Science, Engineering and Medicine > Engineering > WMG (Formerly the Warwick Manufacturing Group) | ||||
Journal or Publication Title: | International Review of Entrepreneurship | ||||
Publisher: | Senate Hall Academic Publishing | ||||
ISSN: | 2009-2822 | ||||
Official Date: | 2009 | ||||
Dates: |
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Volume: | Vol.7 | ||||
Number: | Iss.1 | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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