Innovative Entrepreneurship as a Collaborative Effort: An
Institutional Framework synthesizes the authors previous work to
draw conclusions and identify new directions. It puts the spotlight
on collaborative innovation blocs (CIB) and improves our
understanding of how and why entrepreneurial plans are formulated
and revised over time. The authors envision an institutional
framework that improves the "antifragility" of CIBs and the
economic system as a whole, thus enabling individual CIBs and the
broader economic system to thrive when faced with adversity.
Section 2 discusses how and when collaborations occur in the market
order and identify entrepreneurship as an inherently collaborative
function. Section 3 describes the collaborative innovation bloc and
each of its skill components: entrepreneurs, inventors, early- and
later-stage-financiers, key personnel, and customers. Section 4
identifies the most important critical areas affecting CIBs, thus
demonstrating the usefulness of this perspective for understanding
when innovation comes (and does not come) about. The last section
discusses the key takeaways and limitations of the perspective
before highlighting fruitful avenues for future research.
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