%0 Journal Article %J Technology Innovation Management Review %D 2013 %T Open Innovation at the Root of Entrepreneurial Strategy: A Case from the Norwegian Oil Industry %A Tatiana Iakovleva %K entrepreneurial orientation %K entrepreneurial strategies %K Open innovation %K SMEs %X This article aims to extend the discussion about entrepreneurial strategies of small and medium-sized enterprises (SMEs) by including the concept of open innovation. How can SMEs overcome the challenges of resource scarcity and harsh competition? How they can gain competitive advantage in today’s ever-changing business environment? The answer to both of these questions might be through open innovation: collaborating with researchers, customers, suppliers – even competitors – as well as research institutions and universities. A common barrier to open innovation in an SME is the perception that it will be too time consuming to gain access to a knowledge base of external knowledge providers and link to “gatekeepers” of knowledge. However, an entrepreneurial mindset might help SMEs to move toward an open-innovation approach, where more codified and transferrable knowledge are important. This article discusses the implications of an entrepreneurial focus for open-innovation activities. The usefulness of the open-innovation principles are highlighted through a case study of an Norwegian SME operating in the maritime-oil industry. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 3 %P 17-22 %8 04/2013 %G eng %U http://timreview.ca/article/675 %N 4 %1 Stavanger School of Business Tatiana Iakovleva is an Associate Professor in the Stavanger School of Business at Stavanger University, Norway. She received Master of Science degrees in Business in Norway (1998) and in Russia (1999), and a PhD in Management (Innovation and Entrepreneurship) from Bode Graduate School of Business, Norway (2007). Dr. Iakovleva’s research interests include personal and organizational antecedents leading to innovation and superior entrepreneurial performance, female entrepreneurship, as well as factors affecting entrepreneurial intentions. Dr. Iakovleva has published over 20 articles in international journals and has received multiple best paper awards at entrepreneurship-related conferences. She also does consulting work in relation to firm strategies and entrepreneurial startups. %R http://doi.org/10.22215/timreview/675