Entrepreneurship and open innovation in an emerging economy
Abstract
Purpose
The purpose of the paper is to examine the performance of firms in Peru in relation to entrepreneurial orientation and involvement in open innovation.
Design/methodology/approach
Data were acquired through a survey of middle and senior managers employed in Peruvian companies.
Findings
Firms achieving higher sales growth did not exhibit more of an entrepreneurial orientation or utilize a double loop learning style. More entrepreneurial firms appear to have adopted a double loop learning approach to knowledge acquisition. Peruvian firms involved in open innovation reported higher sales growth and indicated greater reliance on the use of double loop learning.
Practical implications
The practical implications of the study are that firms in emerging economies do not have to be reliant on entrepreneurial behaviour to sustain business growth. Nevertheless involvement in open innovation can be beneficial.
Originality/value
The originality of this paper is that although the results are only for companies in Peru, the findings may suggest that firms operating in emerging economies need not necessarily rely on entrepreneurial behaviour to sustain business growth, although involvement in open innovation may enhance business performance.
Keywords
Citation
Chaston, I. and Scott, G.J. (2012), "Entrepreneurship and open innovation in an emerging economy", Management Decision, Vol. 50 No. 7, pp. 1161-1177. https://doi.org/10.1108/00251741211246941
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited