Collaborative Entrepreneurship: How Communities of Networked Firms Use Continuous Innovation to Create Economic Wealth

Collaborative Entrepreneurship: How Communities of Networked Firms Use Continuous Innovation to Create Economic Wealth

Collaborative Entrepreneurship: How Communities of Networked Firms Use Continuous Innovation to Create Economic Wealth

Collaborative Entrepreneurship: How Communities of Networked Firms Use Continuous Innovation to Create Economic Wealth

Synopsis

Anticipating the future environment of business, Collaborative Entrepreneurship discusses a revolutionary new competitive strategy of continuous innovation that fulfills the need for efficient provision of a constant stream of new products, services, and markets. The book explains how firms can build a collaborative community within which they can freely share in the creation of wealth through innovation with the assurance that the wealth they create will be equitably distributed.

Today, the ability of firms to innovate is restricted by barriers both inside the firm and within their existing markets- barriers that produce limited knowledge utilization and incremental innovations. Collaborative Entrepreneurship describes how these barriers can be overcome so that shared knowledge can drive continuous, sustained innovation across a network of firms and markets.

Excerpt

The United States and other advanced economies, virtually all observers now agree, will compete in the twenty-first century at the downstream end of industry value chains. That is, across many different types of industries, firms will succeed to the extent that they can use superior know-how and capabilities to create a continuous stream of innovative products and services for both existing and new customers. Unfortunately, however, most business firms in advanced economies today utilize only a fraction of their innovation potential.

The growing recognition of this problem is driving experiments that, we believe, will result in a new organizational form—a new approach that will allow underutilized resources to be brought to bear on new market opportunities. We call this emerging form the collaborative multi-firm network, and it will continue to take shape as forward-thinking managers develop the unique capabilities required to operate it.

We have created an example of such an organization named OpWin Global Network. At the moment, OpWin is a fictional organization that incorporates certain features of today’s innovative organizations along with our projections of future organizational strategies, structures, capabilities, and management philosophies and processes. However, we strongly believe that within the next . . .

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