Ungated Post | 08 Oct 2015

Harnessing the Power of Entrepreneurs to Open Innovation

Oxford Economics worked with Accenture to survey 1,000 large companies and 1,000 entrepreneurs across the G20 countries in mid-2015. The data formed the basis for Accenture’s report to the annual G20 Young Entrepreneurs’ Alliance summit held in Turkey in September 2015.

We surveyed 1,000 C-level executives and their direct reports in 11 industries at large companies (mainly with revenues above $1 billion) and 1,000 business owners at small companies (revenues below $250 million) across the same range of industries. The research was aimed at exploring their views and attitudes toward collaboration and innovation.

Our research found that although nearly three-fourths of large companies (71%) reported successful collaboration with entrepreneurs, little more than half of entrepreneurs (57%) agreed. This is a gap that must be closed. Obstacles to effective collaboration were also identified: entrepreneurs often question their partners’ commitment to supporting the growth of their businesses; at the same time, large enterprises often lack confidence in a startup’s ability to move from idea to marketability in the context of a broader business strategy. The rewards of getting collaboration right are considerable, especially in broader, more open ecosystems. We found a statistically significant correlation between collaboration, innovation, and growth—among both large companies and startups—in all the G20 countries that we analyzed.

Read the full report.

Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.

To find out more about our capabilities, contact:

Americas
Diantha Redd
+1 (646) 503 3052
Email

Asia Pacific
Peter Suomi
+65 6850 0110
Email

EMEA
Aoife Pearson
+44 (0)203 910 8054
Email

Related Services

Post

Energy Transitions in Western and Central Africa: A focus on Nigeria, Ghana, Senegal, Equatorial Guinea and Mauritania

The global energy transition involves the sustained displacement of fossil fuels by renewable energy and complementary technologies to reduce carbon intensity. It is, however, imperative to consider such shifts within the distinct developmental contexts of countries to ensure energy transitions are socially inclusive and just. This latest report by our Africa consulting team examines how energy transitions are likely to unfold in Nigeria, Ghana, Senegal, Equatorial Guinea, and Mauritania.

Find Out More

Post

Becoming More Efficient – How finance and IT are leading the way

Oxford Economics and SAP Concur surveyed 1,000 finance and IT executives about how they are making their functions more efficient.

Find Out More

Post

Delivering Economic Value – DoorDash 2021 US Economic Impact Report

A US study demonstrating how DoorDash empowers local economies by creating and supporting impact across the three sides of their marketplace–Dashers, merchants and consumers.

Find Out More