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Corporate “Excelerators”: How Organizations Can Speed Up Crowdventuring for Exponential Innovation

In: Innovative Entrepreneurship in Action

Author

Listed:
  • A. Margherita

    (University of Salento)

  • G. Elia

    (University of Salento)

  • W. R. J. Baets

    (Cape Town University
    University of Applied Sciences in Rotterdam)

  • T. J. Andersen

    (Copenhagen Business School)

Abstract

The emergence of exponential technologies, along with the affirmation of a collective intelligence paradigm, is creating new competitive pressures and entrepreneurial opportunities for organizations aiming to generate a spectrum of diverse outputs ranging from product innovation to large-scale corporate renewal. The entrepreneurial process designed and realized within the organization has traditionally been referred to as corporate entrepreneurship. Today, the affirmation of open innovation and the increasing role of employee creativity and initiative as drivers of innovation and entrepreneurship activities in companies are giving rise to a new concept of “crowdventuring.” In particular, exponential organizations, which are able to leverage disruptive technologies to create socioeconomic value, are well positioned in the emerging competitive scenario. Based on a number of internal and external drivers, these organizations can excel within their markets operating as Excelerators, i.e., organizations where people can think and act differently, embrace radical change, and create more sustainable outcomes. This chapter describes the evolution towards crowdventuring and presents the attributes of exponential organizations that act as entrepreneurial accelerators.

Suggested Citation

  • A. Margherita & G. Elia & W. R. J. Baets & T. J. Andersen, 2020. "Corporate “Excelerators”: How Organizations Can Speed Up Crowdventuring for Exponential Innovation," International Studies in Entrepreneurship, in: Giuseppina Passiante (ed.), Innovative Entrepreneurship in Action, chapter 0, pages 71-91, Springer.
    • Handle: RePEc:spr:inschp:978-3-030-42538-8_6
    DOI: 10.1007/978-3-030-42538-8_6
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    Cited by:

    1. 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).

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