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

De l’opportunité à l’impact – Évaluer les avantages économiques, sociétaux et culturels de YouTube en Belgique

Cette étude évalue la contribution de YouTube au PIB belge et au taux d’emploi en Belgique, ainsi que son impact plus large sur la société et la culture.

Find Out More

Post

Van mogelijkheden naar impact – Beoordeling van de economische, maatschappelijke en culturele voordelen van YouTube in België

Deze studie beoordeelt de bijdrage van YouTube aan het BBP en de tewerkstelling in België alsook de bredere impact op de maatschappij en cultuur.

Find Out More

Post

From opportunity to impact – Assessing the economic, societal, and cultural benefits of YouTube in Belgium

This study assesses YouTube's contribution to GDP and employment in Belgium, and its broader impact on society and culture.

Find Out More