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Maxim Belitski (Virtual Seminar)
Title: Music is in the air: What startups can learn from a jazz jam session
Abstract: While numerous models exist that explain innovation in startups, factors that facilitate the process of development and implementation of knowledge leading to innovation are often unknown. We use the jazz jam session model and apply the configurational perspective on 377 start-ups in the United Kingdom (2002-2016) to extend knowledge on the role that internal and external factors play in a startup innovation. We explain exploratory and exploitation type innovation through factor configurations, contrasting to internalization of improvisation in prior research. This work may help entrepreneurs and managers to design and deliver innovation process building on the jazz jam session model.