Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-76fb5796d-r6qrq Total loading time: 0 Render date: 2024-04-26T20:28:53.087Z Has data issue: false hasContentIssue false

2 - Digital Entrepreneurship and Innovation

from Part I - Strategy and Management

Published online by Cambridge University Press:  16 December 2021

Vincenzo Morabito
Vincenzo Morabito
Affiliation:
Università Commerciale Luigi Bocconi, Milan
Get access

Summary

This chapter discusses the role of digital entrepreneurship in building start-ups and businesses that consider innovation to be a key success factor for thriving in today’s competitive market. After highlighting the difference between innovation and open innovation as well as its importance, this chapter explains how the right business model can help in establishing innovative digital entrepreneurship. It also discusses how information and communication technologies (ICTs) enable open innovation and differentiates between businesses that acquire other innovative start-ups and those that create innovation hubs in order to sustain their competitive advantage. Further, it describes the challenges that hinder innovation within digital entrepreneurship, before listing actions that need to be considered in order to meet the expectations set by the collaborators in digital innovation ecosystems. Finally, this chapter elaborates on a case study that discusses how innovation facilitated the introduction of innovative products to consumers and how this helped the business to make huge profits.

Keywords

digital entrepreneurshipdigital innovationopen innovationbusiness modelsinformation and communication technologies
Type
Chapter
Information
Digital Entrepreneurship
Management, Systems and Practice
 , pp. 28 - 50
Publisher: Cambridge University Press
Print publication year: 2022

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Beckman, C, Eisenhardt, K, Kotha, S, Meyer, A, Rajagopalan, N. Technology Entrepreneurship. Strategic Entrepreneurship Journal (2012) 6:89–93. doi: 10.1002/sej.Google Scholar
Lange, A, Handler, D, Vila, J. Next-Generation Clusters Creating Innovation Hubs to Boost Economic Growth. Cisco Internet Business Solutions Group (IBSG) (2010).Google Scholar
Costello, T, Prohaska, B. Innovation. IT Professional (2013) 15:1–2. doi: 10.1109/MITP.2013.42.Google Scholar
Marques, JPC. Closed versus Open Innovation: Evolution or Combination? International Journal of Business and Management (2014) 9: 196–203. doi: 10.5539/ijbm.v9n3p196.Google Scholar
Del Giudice, M, Straub, D. IT and Entrepreneurism: An On-Again, Off-Again Love Affair or a Marriage? MIS Q (2007) 31.Google Scholar
Henfridsson, O, Yoo, Y. The Liminality of Trajectory Shifts in Institutional Entrepreneurship. Organization Science (2014) 25:932–50. doi: 10.1287/orsc.2013.0883.Google Scholar
Chesbrough, H, Bogers, M. Explicating Open Innovation: Clarifying an Emerging Paradigm for Understanding Innovation. In Chesbrough, H, Vanhaverbeke, W, West, J (eds.) New Frontiers in Open Innovation. Oxford University Press (2014) 3–28.Google Scholar
Chesbrough, H. Open Innovation: The New Imperative for Creating and Profiting from Technology. Harvard Business Review Press (2003).Google Scholar
Accenture. The Promise of Digital Entrepreneurs. Accenture/G20 Young Entrepreneurs’ Alliance (2014).Google Scholar
Gassmann, O, Enkel, E, Chesbrough, H. The Future of Open Innovation. R D Manag (2010) 40:213–21. doi: 10.1111/j.1467-9310.2010.00605.x.Google Scholar
Accenture Research. Harnessing the Power of Entrepreneurs to Open Innovation. Accenture/G20 Young Entrepreneurs’ Alliance (2015).Google Scholar
Eftekhari, N, Bogers, M. Open for Entrepreneurship: How Open Innovation Can Foster New Venture Creation. Creativity and Innovation Management (2015) 24:574–84. doi: 10.1111/caim.12136.Google Scholar
Falk, M, Biagi, F. Empirical Studies on the Impact of ICT Usage in Europe. JRC Working Papers on Digital Economy 2015-14. Joint Research Centre (Seville Site) (2015). https://ideas.repec.org/p/ipt/decwpa/2015-14.html [accessed December 22, 2020].Google Scholar
Nepelski, D, Bogdanowicz, M, Biagi, F, Desruelle, P, De Prato, G, Gabison, G et al. 7 Ways to Boost Digital Innovation and Entrepreneurship in Europe. Publications Office of the EU (2017) 1–24. doi: 10.2791/019397.CrossRefGoogle Scholar
de Vasconcelos Gomes, LA, Facin, ALF, Salerno, MS, Ikenami, RK. Unpacking the Innovation Ecosystem Construct: Evolution, Gaps and Trends. Technological Forecasting and Social Change (2015) 136. doi: 10.1016/j.techfore.2016.11.009.Google Scholar
Jucevičius, G, Grumadaitė, K. Smart Development of Innovation Ecosystem. Procedia-Social Behavioral Sciences (2014) 156:125–9. doi: 10.1016/j.sbspro.2014.11.133.Google Scholar
Kleibrink, A, Niehaves, B, Palop, P, Sörvik, J, Thapa, BEP. Regional ICT Innovation in the European Union: Prioritization and Performance (2008–2012). Journal of the Knowledge Economy (2015) 6:320–33. doi: 10.1007/s13132-015-0240-0.Google Scholar
Puissochet, A, Bogdanowicz, M. Models of ICT Innovation: Ten Cases of Successful SMEs in France. European Commission – Joint Research Centre – Institute for Prospective Technological Studies (2015).Google Scholar
Youtie, J, Shapira, P. Building an Innovation Hub: A Case Study of the Transformation of University Roles in Regional Technological and Economic Development. Research Policy (2008) 37:1188–1204. doi: 10.1016/j.respol.2008.04.012.Google Scholar
Gabriele, R, D’Ambrosio, A, Schiavone, F. Open Innovation and the Role of Hubs of Knowledge in a Regional Context. Journal of the Knowledge Economy (2017) 8:1049–65. doi: 10.1007/s13132-015-0331-y.Google Scholar
Striukova, L, Rayna, T. University-Industry Knowledge Exchange: An Exploratory Study of Open Innovation in UK Universities. European Journal of Innovation Management (2013) 18:471–92.Google Scholar
Meador, MA, Friedersdorf, LE. Student-Led Companies Expand the Nanotechnology Innovation Ecosystem. MRS Bulletin (2017) 41:836–8. doi: 10.1557/mrs.2016.251.Google Scholar
Golightly, J, Ford, C, Sureka, P, Reid, B. Realising the Value of Open Innovation. Big Innovation Centre (2012) 1–69.Google Scholar
Herrera, MEB. Innovation for Impact: Business Innovation for Inclusive Growth. Journal of Business Research (2016) 69: 1725–30. doi: 10.1016/j.jbusres.2015.10.045.CrossRefGoogle Scholar
Herrera, MEB. Creating Competitive Advantage by Institutionalizing Corporate Social Innovation. Journal of Business Research (2015) 68: 1468–74. doi: 10.1016/j.jbusres.2015.01.036.Google Scholar
Trimi, S, Berbegal-Mirabent, J. Business Model Innovation in Entrepreneurship. International Entrepreneurship and Management Journal (2012) 8:449–65. doi: 10.1007/s11365-012-0234-3.Google Scholar
Richter, C, Kraus, S, Brem, A, Durst, S, Giselbrecht, C. Digital Entrepreneurship: Innovative Business Models for the Sharing Economy. Creativity and Innovation Management (2017) 26:300–10. doi: 10.1111/caim.12227.Google Scholar
Standing, C, Mattsson, J. “Fake It until You Make It”: Business Model Conceptualization in Digital Entrepreneurship. Journal of Strategic Marketing (2016) 4488:1–15. doi: 10.1080/0965254X.2016.1240218.Google Scholar
Blank, S. Why the Lean Start-Up Changes Everything. Harvard Business Review (2013) 91: 63–72.Google Scholar
Ades, C, Figlioli, A, Sbragia, R, Porto, G, Ary Plonski, G, Celadon, K. Implementing Open Innovation: The Case of Natura, IBM and Siemens. Journal of Technology Management & Innovation (2013) 8:12–25. doi: 10.4067/S0718-27242013000300057.Google Scholar
West, J, Gallagher, S. Challenges of Open Innovation: The Paradox of Firm Investment in Open-Source Software. R&D Management (2006) 36:319–31. doi: 10.1111/j.1467-9310.2006.00436.x.Google Scholar
Debackere, K, Andersen, B, Dvorak, I, Enkel, E, Krüger, P, Malmqvist, H et al. Boosting Open Innovation and Knowledge Transfer in the European Union: Independent Expert Group Report on Open Innovation and Knowledge Transfer. European Commission (2014). https://op.europa.eu/en/publication-detail/-/publication/5af0ec3a-f3fb-4ccb-b7ab-70369d0f4d0c [accessed January 3, 2021].Google Scholar
Hu, H, Huang, T, Zeng, Q, Zhang, S. The Role of Institutional Entrepreneurship in Building Digital Ecosystem: A Case Study of Red Collar Group (RCG). International Journal of Information Management (2016) 36:496–9. doi: 10.1016/j.ijinfomgt.2015.12.004.Google Scholar
Di Minin, A, De Marco, CE, Marullo, C, Piccaluga, A, Casprini, E, Mahdad, M et al. Case Studies on Open Innovation in ICT. JRC Science for Policy Report, EUR 27911 EN. Institute for Prospective Technological Studies, Joint Research Centre (2016). doi:10.2791/433370.Google Scholar
Koll-Schretzenmayr, M, Casaulta-Meyer, S. Augmented Reality. disP – The Planning Review (2016) 52:2–5. doi: 10.1080/02513625.2016.1235863.Google Scholar
Zappar. About: Who We Are and What We Do. (2020) www.zappar.com/about/ [accessed May 22, 2020].Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×