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Innovative business models for high-tech entrepreneurial ventures: the organizational design challenges

Author

Listed:
  • Colombo, Massimo G.

    (Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Italy)

  • Mohammadi, Ali

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Lamastra, Cristina Rossi

    (Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Italy)

Abstract

Entrepreneurial ventures operating in high-tech industries are more and more adopting innovative business models, which are based on use of the market for ideas instead of the market for products or on the leveraging of communities of users and developers. A common characteristic of these innovative business models is their dependence on innovative technological knowledge and, consequently, on the ways in which intellectual property rights over this knowledge are designed (i.e., tight vs. loose appropriability regime). This chapter grounds on mainstream organizational design theories to speculate on how high-tech entrepreneurial ventures should organize internally to successfully implement these innovative business models. Specifically, it analyzes how firms’ structure, decision rights, and human resource management practices should be adapted to the need of generating, absorbing, and protecting innovative technological knowledge. Heeding a recent call in management literature, we will conduct our analysis considering organizational design variables both at the individual and firm level.

Suggested Citation

  • Colombo, Massimo G. & Mohammadi, Ali & Lamastra, Cristina Rossi, 2014. "Innovative business models for high-tech entrepreneurial ventures: the organizational design challenges," Working Paper Series in Economics and Institutions of Innovation 366, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  • Handle: RePEc:hhs:cesisp:0366
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    business model innovation; brganizational design; high-tech entrepreneurial ventures;
    All these keywords.

    JEL classification:

    • L17 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Open Source Products and Markets
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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