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From Innovation to Entrepreneurship — A Processoriented Framework

Abstract

A company’s competitiveness strongly depends on its innovativeness at the ’global frontier’ (Porter and Stern 2001, p. 28), as innovation is not only an important factor for economic progress, but also an essential element in the competition of companies and nations in general (Beaver and Prince 2002). Innovativeness can be characterized by several attributes, Weber (2005) for instance defines an innovator as a company which:
  • Searches and finds gaps,

  • always looks for things to change or new things to do,

  • has ideas that no one else has,

  • does not give up too early,

  • is ready to accept risks,

  • sticks to ideas even against big resistance,

  • takes chances that are futile to others.

Hence, corporate innovation management must play many different roles. The challenge is to manage the whole process from initial ideas to lasting realizations, which means to combine innovative and entrepreneurial tasks at the same time. Unfortunately, there is no common sense about how such processes and tasks shall look like, especially because innovation and entrepreneurship are still treated within different science streams.

Keywords

Innovation Process Entrepreneurial Activity Organizational Design Corporate Entrepreneurship Entrepreneurial Process 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Betriebswirtschaftlicher Verlag Dr. Th. Gabler | GWV Fachverlage GmbH, Wiesbaden 2008

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