Innovative Entrepreneurship as a Collaborative Effort: An Institutional Framework
Niklas Elert () and
Magnus Henrekson ()
No 1345, Working Paper Series from Research Institute of Industrial Economics
We demonstrate how successful entrepreneurship depends on a collaborative innovation bloc (CIB), a system of innovation that evolves spontaneously and within which activity takes place through time. A CIB consists of six pools of economic skills from which people are drawn or recruited to form part of a collaborative team, which is necessary for innovation-based venturing to flourish. The six pools include entrepreneurs, inventors, early- and later-stage financiers, key personnel, and customers. We show how the application of the CIB perspective can help make institutional and evolutionary economics more concrete, relevant, and persuasive, especially regarding institutional prescriptions. Generally, we 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.
Keywords: Institutional economics; Evolutionary economics; Antifragility; Entrepreneurship; Innovation; Institutions (search for similar items in EconPapers)
JEL-codes: D20 G32 L23 L26 O33 (search for similar items in EconPapers)
Pages: 72 pages
Date: 2020-06-24, Revised 2021-03-24
New Economics Papers: this item is included in nep-ent, nep-hme, nep-ino and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
https://www.ifn.se/wfiles/wp/wp1345.pdf Full text (application/pdf)
Journal Article: Innovative Entrepreneurship as a Collaborative Effort: An Institutional Framework (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hhs:iuiwop:1345
Access Statistics for this paper
More papers in Working Paper Series from Research Institute of Industrial Economics Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Elisabeth Gustafsson ().