Abstract
The emergence of exponential technologies, along with the affirmation of a collective intelligence paradigm, is creating new competitive pressures and entrepreneurial opportunities for organizations aiming to generate a spectrum of diverse outputs ranging from product innovation to large-scale corporate renewal. The entrepreneurial process designed and realized within the organization has traditionally been referred to as corporate entrepreneurship. Today, the affirmation of open innovation and the increasing role of employee creativity and initiative as drivers of innovation and entrepreneurship activities in companies are giving rise to a new concept of “crowdventuring.” In particular, exponential organizations, which are able to leverage disruptive technologies to create socioeconomic value, are well positioned in the emerging competitive scenario. Based on a number of internal and external drivers, these organizations can excel within their markets operating as Excelerators, i.e., organizations where people can think and act differently, embrace radical change, and create more sustainable outcomes. This chapter describes the evolution towards crowdventuring and presents the attributes of exponential organizations that act as entrepreneurial accelerators.
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Notes
- 1.
Moore’s law is the observation that the number of transistors in a dense integrated circuit doubles about every 2 years. The observation is named after Gordon Moore, the cofounder of Fairchild Semiconductor and CEO of Intel, whose 1965 paper described a doubling every year in the number of components per integrated circuit and projected this rate of growth would continue for at least another decade. In 1975, looking forward to the next decade, he revised the forecast to doubling every 2 years, a compound annual growth rate (CAGR) of 41.4% (www.wikipedia.org).
- 2.
Since 2009, SU has been building a global community of industry, government, and academic stakeholders in more than 127 countries, with over 5000 initiatives aimed to drive positive change in the areas of health, environment, security, education, energy, food, prosperity, water, space, disaster resilience, shelter, and governance.
- 3.
- 4.
Abundance of opportunities, information, innovation potential, and human creativity.
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Margherita, A., Elia, G., Baets, W.R.J., Andersen, T.J. (2020). Corporate “Excelerators”: How Organizations Can Speed Up Crowdventuring for Exponential Innovation. In: Passiante, G. (eds) Innovative Entrepreneurship in Action. International Studies in Entrepreneurship, vol 45. Springer, Cham. https://doi.org/10.1007/978-3-030-42538-8_6
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