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external partners (outside in), start-ups are able to compensate for their resource
constraints which can positively affect overallfirm survival (Eftekhari andBogers
2015). As Pakura (2020) points out, open innovation acts “as a driver for new
organizations”,which is especially true at three levels of impact:firmdevelopment,
technologydevelopment, and technologycommercialization.Thefindingsshowthat
start-upscanusedifferent typesof relationshipswithavarietyofnetworkpartners in
order to drive the development and commercialization of innovations. Such rela-
tionships can range from loose and informal networking ties to close and formal
partnerships, e.g. R&D collaborations with universities and incumbent firms.
Although all types of relationships can forward innovation processes of start-ups,
Pakura (2019) concludes that “synergetic partnerships, such asR&Dcollaborations
withuniversitiesandincumbentfirms,createopportunitiesatall threelevels”andthat
innovation benefits themost from those partnerships. Recentfindings suggest that
increasedlinkstoandknowledgeflowsfromvariousexternalpartners,particularlyin
uncertain environments, lead to improved innovation outcomes (West andBogers
2011). Especially towards the end of the twentieth century, the shift from closed
innovation approaches to open innovationmodelswas fuelled by the emergence of
digitalizationprocesses (BogersandWest2012).While theworldbecamemoreand
more digitized, open innovation became a key driver for entrepreneurship and
allowed for reducing research costs, spreading risks, and commercializing innova-
tions faster and on a global scale. In recent years, open innovation has been suc-
cessfullyapplied inmany industrycontexts, for example,healthcareand IT,aswell
as in academic entrepreneurship (Siegel andWright 2015), government innovation
(Gascó2017), andsocial innovationbusinesses (Nambisanetal.2019).Chesbrough
(2020, p. 3) pointed out how “[o]pening upwill speed up [thefirms] internal inno-
vationprocess, andallowyou to take advantageof theknowledgeof others inyour
business (outside in), even as you allow others to exploit your knowledge in their
business (inside out)”.Openinguphas the power to create evenmore experiments,
generate more knowledge, and explore more ways to apply that knowledge for
challenges (Chesbrough2020). It canhelp solvingavarietyofchallenges, but those
withahigher levelof complexityprofit themost fromthis interconnectedapproach.
The more complex a challenge seems, the more a firmmust engage in extensive
knowledge sharing to get closer to a solution. Furthermore, opening saves time,
which is critical in thehealthcare sector, especiallywhen facing apandemic (Ches-
brough2020). Inaglobalpandemic,wheretimeisof theessence,opennessandopen
innovation can even save lives (Chesbrough 2020). To conclude, digital entrepre-
neurs that engage with large-scale problems, and/or want to impact complex
ecosystems (like thehealthcare sector),must consider open innovation approaches.
2.2 FutureandEmergingTechnologiesasEnablersofDigital
Entrepreneurship Towards SDGs
While the future is arguably uncertain andmany believe that we are living in an
“AgeofParadox” (Handy1995), thereare several futureandemerging technologies
308 M. Shamsrizi et al.
Digital Entrepreneurship
Impact on Business and Society
- Title
- Digital Entrepreneurship
- Subtitle
- Impact on Business and Society
- Authors
- Mariusz Soltanifar
- Mathew Hughes
- Lutz Göcke
- Publisher
- Springer Verlag
- Location
- Cham
- Date
- 2021
- Language
- English
- License
- CC BY 4.0
- ISBN
- 978-3-030-53914-6
- Size
- 16.0 x 24.0 cm
- Pages
- 340
- Keywords
- Entrepreneurship, IT in Business, Innovation/Technology Management, Business and Management, Open Access, Digital transformation and entrepreneurship, ICT based business models
- Category
- International