Organizing strategic entrepreneurship to enable product innovation in new and young technology-based firms
conference contributionposted on 18.08.2015, 15:13 by Mathew Hughes, Paul Hughes, Robert E. Morgan, Ian Hodgkinson
We examine how strategic entrepreneurship affects explorative and exploitative product innovation and how their synthesis as innovation ambidexterity affects firm performance. We find that opportunity-seeking through entrepreneurial orientation positively affects both explorative and exploitative innovation, but advantage-seeking through sourcing and managing relational resources show differential effects on innovation activity. Those that achieve innovation ambidexterity experience superior firm performance. Our work contributes a first test of strategic entrepreneurship as it applies to product innovation management in new and young technology-based firms, and offers a model reconciling how opposing constructs contained in strategic entrepreneurship and innovation theory can cohabitate in firms.
- Business and Economics