• July 24, 2018 at 10:49 am #2273
    Keith Evans
    Participant

    Just to point this forum in a direction which resonates with most potential contributors, I figured a discussion of the term “Innovative Entrepreneurship” would be useful.

    I think most agree what is meant by each of those two words, but how about when combined? They are also used in the opposite order – i.e., both Entrepreneurial Innovation and Innovative Entrepreneurship.

    Here are some good websites that discuss both terms:

    1) https://www.innovationpolicyplatform.org/content/innovative-entrepreneurship
    2) https://www.igi-global.com/dictionary/innovative-entrepreneur/51037
    3) https://ec.europa.eu/epale/en/blog/innovative-entrepreneurs-why-are-they-different-others
    4) https://pdfs.semanticscholar.org/937e/413e0a116ed78efd57572a0875aff96ef13d.pdf
    Note that reference 4) links to a 2014 Research Policy article entitled “Entrepreneurial innovation: The importance of context.”

    Interestingly, while these nice websites and associated articles do a great job explaining the concepts of innovation and entrepreneurship, they are nearly completely avoid a definition of the combined term in either order. Here is a notable exception, from reference 2) above:

    Innovative Entrepreneur: Individual who has the ability to undertake to create innovative products according to the changing demands of the market.

    Here is what I would pose for the definition of Entrepreneurial Innovation:

    Entrepreneurial Innovation is the multifaceted process that an entrepreneur or team of entrepreneurs engages in to attempt to bring innovative and potentially disruptive new products and technologies to market.

You must be logged in to reply to this topic.