Coworking And Sustainable Business Model Innovation In Young Firms

There has been limited research on the link between coworking and innovation among young firms.

Coworking and sustainable business model innovation in young firms. Leading disruptive change dubrovnik april 2018 491 coworking as a new innovation scenario from the perspective of mature organisations barbara josef andrea back university of st gallen institute of information management st gallen switzerland barbara josef unsig ch andrea back unisg ch. One of the primary reasons to believe in the long term sustainability of coworking is the fact that corporate coworking is still a relatively young concept. What began around 2016 is now a phenomenon in the industry with more and more fortune 500 companies turning to coworking spaces as a means of energizing their workforce and breaking stale.

This research examines the relationship between coworking space and innovation particularly business model innovation bmi for sustainable performance. There were in fact rarely any sustainable business models among international coworking scene. Based on an empirical study of 258 young tenant firms operating in 13 coworking spaces in singapore we establish that the space creativity of coworking spaces is positively related to the bmi outcome of tenant firms.

New business models and institutional entrepreneurs. Knowledge sharing and open innovation models were virtually non existent or restricted. There were no relevant example or experience to refer to.

These spaces are united by a set of shared values openness collaboration and sustainability among them that. Although there were a few good practices abroad most of them sustained with external help. This suggests that the coworking space culture could play a key role in the research and development related to open innovation where previously firm based innovation activities may now be.

For a young team like ours that has no strong financial resources and governmental link establishing and maintaining such a space in a real estate hyped shanghai was extremely risky and difficult. Sustainability issues like growing inequality piketty and saez 2014 and the deterioration of our natural livelihood rockström steffen and noone 2009 make the transformation to a more sustainable economic system increasingly desirable to realise this transition private business is a pivotal stakeholder commanding the most resources and capabilities porter and kramer. Coworking spaces tend to open in larger cities those with a population of more than a million the second fastest rate of coworking growth occurs in small cities with populations of less than 50 00010.

Coworking and sustainable business model innovation in young firms.