Co-Innovation Competence

?This work contributes to entrepreneurship research and offers practical implications for entrepreneurs and entrepreneurship promotors by critically analyzing a networked approach to value creation processes of young knowledge-intensive entrepreneurial firms and assessing precise strategies and tactics for entrepreneurial firms to exploit these structures. In this context the concept of co-innovation competence is introduced and empirically analyzed. Results indicate that entrepreneurs follow a specific approach towards networking minimizing transaction costs taking an on-demand-based perspective of networking. In this case entrepreneurs may relate to regional innovation promotors and also reach beyond regional structures to explore suitable partners and exploit structural holes.

Benedict C. Doepfer holds a Ph.D. in Business Administration and is a research affiliate to the Center for Entrepreneurship of the Catholic University Eichstaett-Ingolstadt.

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