Changing with the time: New ventures’ quest for innovation

Authors

  • Roman W Barwinski University of Bayreuth, Chair of Strategic Management and Organization, Universitätsstr. 30, 95447 Bayreuth, Germany,
  • Yixin Qiu University of Bayreuth, Chair of Strategic Management and Organization, Universitätsstr. 30, 95447 Bayreuth, Germany,
  • Mahmood M Aslam University of Bayreuth, Chair of Strategic Management and Organization, Universitätsstr. 30, 95447 Bayreuth, Germany
  • Thomas Clauss Witten/Herdecke University, Faculty of Management and Economics, Alfred-Herrhausen-Straße 50, 58448 Witten, Germany

Abstract

New ventures are often based on new ideas and innovation. For creating and improving the innovation new ventures can draw on internal and external resources, to which they often have limited access. Our study analyses how new ventures can improve their innovation search by entering collaborative workspaces, so-called co-working spaces. In our qualitative study, we use participative observation and analyze 8 cases of new ventures operating in a coworking-space. Key findings are that forms of innovation search differ with respect to the venture’s life cycle. The new ventures search focus alternates between internal and external search, depending on the current stage of the venture. In general, the co-location of ventures in collaborative workspaces offers rich opportunities for social interactions, information exchange, and collaboration which are especially important for early-stage ventures.

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Published

2020-02-24

Issue

Vol. 30 No. 1 (2020)

Section

Articles

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How to Cite

Changing with the time: New ventures’ quest for innovation. (2020). Journal of Small Business Strategy (archive Only), 30(1), 18-30. https://libjournals.mtsu.edu/index.php/jsbs/article/view/1662