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Entrepreneurship and open innovation in an emerging economy

Ian Chaston (Centrum Catolica, Centro de Negocios de la Pontificia Universidad Católica del Perú, Lima, Peru)
Gregory J. Scott (Centrum Catolica, Centro de Negocios de la Pontificia Universidad Católica del Perú, Lima, Peru)

Management Decision

ISSN: 0025-1747

Article publication date: 27 July 2012

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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

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Emerald Group Publishing Limited

Copyright © 2012, Emerald Group Publishing Limited

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