Remove 2003 Remove Culture Remove Leadership Remove Product Innovation
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11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

Research has shown that innovation is mostly linked to the Schumpetarian view: innovative companies are more likely to be started by Schumpetarian-type founders (Samuelsson & Davidsson, 2009), are more likely to be started by engineering students (Ilozor et al., Shane, 2003). Journal of Enterprising Culture, 16(4), 363–383.

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Principles of open innovation

hackerearth

Let’s take a closer look at the principles of open innovation according to Chesbrough (2003). Balancing external and internal R&D activities is key to achieving higher levels of innovation. R&D generates new knowledge via process or product innovation and it increases a company’s absorptive capacity.