SELECTING CORPORATE FIRMS FOR COLLABORATIVE INNOVATION: ENTREPRENEURIAL DECISION MAKING IN ASYMMETRIC PARTNERSHIPS

Martin P. Allmendinger and Elisabeth S. C. Berger
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Martin P. Allmendinger: Entrepreneurship Research Group, University of Hohenheim, Wollgrasweg 49, 70599 Stuttgart, Germany
Elisabeth S. C. Berger: Entrepreneurship Research Group, University of Hohenheim, Wollgrasweg 49, 70599 Stuttgart, Germany†TUM School of Management, Chair of Strategic Management, Technical University of Munich, Bildungscampus 2, 74076 Heilbronn, Germany

International Journal of Innovation Management (ijim), 2019, vol. 24, issue 01, 1-34

Abstract: Large companies increasingly look for collaborations with new ventures to accelerate their innovation process, and researchers stress the potential of such partnerships to develop innovations. But when are entrepreneurs willing to engage in a partnership with a larger player? We seek to understand when founders of new ventures are willing to engage in such asymmetric partnerships through consideration of the characteristics of the entrepreneurial decision maker and the perceived attributes of the larger counterpart. The results of a conjoint experiment with 115 startup entrepreneurs suggest that among the partner selection criteria a high level of openness on the part of the large corporate company and concise contractual design signal trustworthiness to entrepreneurs, which has a positive impact on their willingness to engage in collaborative innovation. Our study also suggests that entrepreneurs’ self-efficacy reduces the willingness to partner and the positive impact of concise contractual designs. The results have implications for the self-concept and design of innovation and partner management of large firms, and for entrepreneurs who consider asymmetric partnerships a growth opportunity.

Keywords: Asymmetric partnerships; collaborative innovation; entrepreneurial decision making; open innovation; partner management; partner selection criteria; startup; trustworthiness (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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DOI: 10.1142/S1363919620500036

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