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Assessing the maturity of crowdventuring for corporate entrepreneurship

Author

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  • Elia, Gianluca
  • Margherita, Alessandro
Abstract
Corporate entrepreneurship is a process of strategic renewal and development of an existing business through the creation of new products, services, and activities, as well as new competitive postures and independent ventures. The performance of this process, which leverages the creativity and the initiative spirit of employees and managers, thus relies on the capacity of the organization to create favorable conditions for the emergence of such latent entrepreneurial potential. The development of participatory innovation models and collective intelligence offers new insights for conducting research on factors enabling corporate entrepreneurship. In particular, the internal company ‘crowd’ can be investigated with the purpose of studying the conditions under which the corporate entrepreneurship process can be successfully nurtured and conducted. In such view, this article moves from an extended review of corporate entrepreneurship and organizational innovation literature to define the concept of crowdventuring and to present an assessment tool aimed at evaluating the maturity of the crowdventuring process within an organization. The tool, which captures both individual and organization-related factors, is also used for an illustrative application into a multinational IT company. Some implications are drawn at the theory and practitioner levels.

Suggested Citation

  • Elia, Gianluca & Margherita, Alessandro, 2018. "Assessing the maturity of crowdventuring for corporate entrepreneurship," Business Horizons, Elsevier, vol. 61(2), pages 271-283.
  • Handle: RePEc:eee:bushor:v:61:y:2018:i:2:p:271-283
    DOI: 10.1016/j.bushor.2017.11.008
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    References listed on IDEAS

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    Cited by:

    1. Elia, Gianluca & Messeni Petruzzelli, Antonio & Urbinati, Andrea, 2020. "Implementing open innovation through virtual brand communities: A case study analysis in the semiconductor industry," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    2. Nobari, Niloofar & Dehkordi, Ali Mobini, 2023. "Innovation intelligence in managing co-creation process between tech-enabled corporations and startups," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    3. Ritala, Paavo & Baiyere, Abayomi & Hughes, Mathew & Kraus, Sascha, 2021. "Digital strategy implementation: The role of individual entrepreneurial orientation and relational capital," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    4. Kwangsoo Kim & Fan Li & Jae Wook Yoo & Choo Yeon Kim, 2020. "The Relationships among Environments, External Knowledge Acquisition, and Innovation," Sustainability, MDPI, vol. 12(14), pages 1-23, July.

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