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Exploring the synergy between entrepreneurship and innovation

Exploring the synergy between entrepreneurship and innovation Purpose – To contribute to an understanding of the complementary nature of entrepreneurship and innovation through an empirical study of various organisations; and to develop an integrative framework of the interaction between entrepreneurship and innovation. Design/methodology/approach – The study takes a qualitative approach in exploring the synergies between entrepreneurship and innovation and in analysing the factors that foster an interaction between the two. Case studies of six entrepreneurial and innovative organisations and in‐depth interviews with senior managers were conducted to complement a comprehensive literature review of entrepreneurship and innovation. Findings – The study has found that: entrepreneurship and innovation are positively related to each other and interact to help an organisation to flourish; entrepreneurship and innovation are complementary, and a combination of the two is vital to organisational success and sustainability in today's dynamic and changing environment; entrepreneurship and innovation are not confined to the initial stages of a new venture; rather, they are dynamic and holistic processes in entrepreneurial and innovative organisations; and organisational culture and management style are crucial factors affecting the development of entrepreneurial and innovation behaviour in organisations. Originality/value – Entrepreneurship and innovation should be regarded as ongoing, everyday practice in organisations, and this paper has contributed to the development of such an attitude.This empirical study contributes to an understanding of the existing theories and practices of entrepreneurship and innovation in organisations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Entrepreneurial Behavior and Research Emerald Publishing

Exploring the synergy between entrepreneurship and innovation

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References (45)

Publisher
Emerald Publishing
Copyright
Copyright © 2005 Emerald Group Publishing Limited. All rights reserved.
ISSN
1355-2554
DOI
10.1108/13552550510580825
Publisher site
See Article on Publisher Site

Abstract

Purpose – To contribute to an understanding of the complementary nature of entrepreneurship and innovation through an empirical study of various organisations; and to develop an integrative framework of the interaction between entrepreneurship and innovation. Design/methodology/approach – The study takes a qualitative approach in exploring the synergies between entrepreneurship and innovation and in analysing the factors that foster an interaction between the two. Case studies of six entrepreneurial and innovative organisations and in‐depth interviews with senior managers were conducted to complement a comprehensive literature review of entrepreneurship and innovation. Findings – The study has found that: entrepreneurship and innovation are positively related to each other and interact to help an organisation to flourish; entrepreneurship and innovation are complementary, and a combination of the two is vital to organisational success and sustainability in today's dynamic and changing environment; entrepreneurship and innovation are not confined to the initial stages of a new venture; rather, they are dynamic and holistic processes in entrepreneurial and innovative organisations; and organisational culture and management style are crucial factors affecting the development of entrepreneurial and innovation behaviour in organisations. Originality/value – Entrepreneurship and innovation should be regarded as ongoing, everyday practice in organisations, and this paper has contributed to the development of such an attitude.This empirical study contributes to an understanding of the existing theories and practices of entrepreneurship and innovation in organisations.

Journal

International Journal of Entrepreneurial Behavior and ResearchEmerald Publishing

Published: Feb 1, 2005

Keywords: Entrepreneurialism; Innovation; Australia

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