%0 Journal Article
%T Open Innovation at the Root of Entrepreneurial Strategy: A Case from the Norwegian Oil Industry
%A Tatiana Iakovleva
%J Technology Innovation Management Review
%D 2013
%I Carleton University
%X This article aims to extend the discussion about entrepreneurial strategies of small and medium-sized enterprises (SMEs) by including the concept of open innovation. How can SMEs overcome the challenges of resource scarcity and harsh competition? How they can gain competitive advantage in today¡¯s ever-changing business environment? The answer to both of these questions might be through open innovation: collaborating with researchers, customers, suppliers ¨C even competitors ¨C as well as research institutions and universities. A common barrier to open innovation in an SME is the perception that it will be too time consuming to gain access to a knowledge base of external knowledge providers and link to ¡°gatekeepers¡± of knowledge. However, an entrepreneurial mindset might help SMEs to move toward an open-innovation approach, where more codified and transferrable knowledge are important. This article discusses the implications of an entrepreneurial focus for open-innovation activities. The usefulness of the open-innovation principles are highlighted through a case study of an Norwegian SME operating in the maritime-oil industry.
%K entrepreneurial orientation
%K entrepreneurial strategies
%K Open innovation
%K SMEs
%U http://www.timreview.ca/sites/default/files/article_PDF/Iakovleva_TIMReview_April2013.pdf