Keywords: strategic entrepreneurship, radical innovation, survey, Denmark, strategic advantage, entrepreneurial opportunities
The influence of strategic entrepreneurship on the outcome of innovation projects
In light of the increasing need for innovation facing businesses in a complex marketplace, the construct of strategic entrepreneurship is attracting considerable attention. It calls for the integration of the seemingly opposing logics of strategic advantage-seeking and entrepreneurial opportunity-seeking behaviours. Based on a sample of responses from 512 Danish engineers, the present study explores whether the integration of the two is empirically valid and, if so, how such a construct affects the innovative outcome generated. Contrary to our initial hypothesis, the findings suggest that firms that are successful in carrying out radical innovation are driven by intended strategic decisions that enable them to exploit radical innovation within the existing organisational framework while also developing and transforming the original firm. The result lends empirical support to the integrative logic behind the concept of strategic entrepreneurship and demonstrates that radical innovation is best created and exploited on the basis of an explicit strategic intent.