Angelo Cavallo

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• Ph.D.
• Professor (Associate) at Politecnico di Milano

Firms increasingly face strategic choices in the innovation process concerning how and to what extent they should source knowledge from external parties. We offer new insight into the organizational design aspect of this process. Specifically, we build a model informed by organization theory and organizational economics to examine how firms’ return...

Entrepreneurial ecosystem (EE) research has contributed to reshaping entrepreneurial policy and practice. Despite significant translational efforts, the gap between theory and actionable policy seems to be widening. This paper adopts a collaborative approach and critically reflects on the alignment of EE research with practical policy needs, struct...

Employees’ entrepreneurial orientation represents a powerful bottom–up force for building organizations that are more resilient to exogenous crises. However, limited empirical knowledge exists regarding how exogenous crises may affect employees’ entrepreneurial orientation in the first place. To address this gap, we draw on threat-rigidity theory a...

Firms are increasingly adopting innovation contests to obtain ideas for new products and services from external parties, but many firms may not be sufficiently entrepreneurial to benefit from those ideas. Using an inductive longitudinal case study of three financial service firms, we explore the value of external innovation contests for less entrep...

In a world increasingly influenced by digital technologies, incumbent organizations are urged to equip their employees with digital skills to unlock the transformative power of digitalization for their strategy and business model. Yet, extant research lacks guidance on how to mobilize and implement effective initiatives to develop digital skills in...

In a digital world increasingly characterized by new business opportunities and challenges driven by the proliferation of pervasive digital technologies, companies are more than ever called to act entrepreneurially. This scenario has raised important questions at the intersection of corporate entrepreneurship (CE) and digital technologies, as we cu...

What is entrepreneurship at the economy level? Since Baumol’s (1996) seminal work, several prominent scholars have attempted to contribute to this question in a "race" that has introduced various theoretical perspectives, measurement methods, and empirical insights. The key question is: Where do we stand in this important race? Zoltan J. Acs, Esteb...

Scaling is one of the most critical phases in the lifecycle of technology-based startups: failure to scale often translates into failure to survive. Entrepreneurial experimentation has emerged as a method to reduce the likelihood of startup failure by anticipating market information. However, previous studies only described experimentation as the m...

Entrepreneurial ecosystems (EE) are particular systems of interdependent actors and relations that directly or indirectly support the creation and growth of new ventures. EE can vary a lot, based on a unique and dynamic combination of several elements whose relevance can differ across regions. Most studies acknowledged, or ex-ante assumed, that EE...

Despite the progress made by scholars, empirically investigating entrepreneurial ecosystems (EEs) remains problematic because of the inherent complexities and nonlinearities of interactions among EE actors. The research to date has shown a tendency to focus on macrolevel ecosystem dynamics while neglecting the microfoundations of EEs. We contend th...

Creating an innovative product and validating an innovative business model may not be enough for digital startups to be competitive. To grow fast and expand globally, digital startups need to innovate their business model during the scaling phase. A pragmatic approach has recently been proposed to support digital entrepreneurs engaging in business-...

The progress and the adoption of digital technologies can rapidly make products, processes, and business models obsolete, until disrupting entire markets. In this context, small–medium enterprises (SMEs) operating in manufacturing are especially challenged due to their limited resources and smallness liabilities. Firms can implement, design, and de...

Purpose Boards of Directors and other organisational leaders make decisions about the information security governance systems to implement in their companies. The increasing number of cyber-breaches targeting businesses makes this activity inescapable. Recently, researchers have published comprehensive lists of recommended cyber measures, specifica...

Purpose This study aims to analyze the impact of different exit alternatives, investor presence and founders’ human capital on the exit value of European venture capital (VC)-backed high technology startups. Design/methodology/approach The empirical analysis is based on a sample of 107 European firms that obtained an exit through Merger&Acquisitio...

To date, contributions in the field of entrepreneurial ecosystems have mainly focused on definitions, actors, key attributes, consequences on startups' creation and growth, while conceding less space to key relations among actors. This study contributes to filling this gap by exploring the relation in entrepreneurial ecosystems between small-medium...

Abstract Purpose – The purpose of this paper is to investigate the effects of globalization convergence (GC) and its components (social, economic, political, technological and ecological) on food production (FP). Design/methodology/approach – The methodological approach adopted is based on a quantitative approach, using a static panel data analy...

There is growing recognition that the governance of open innovation is interdependent with the outcome being developed. In this paper, we address the dynamic nature of open innovation governance through an in-depth, longitudinal case study of a commercial software firm and a big science centre co-developing a digital platform. We identified five pr...

Purpose The purpose of this article is to develop a model to assess entrepreneurial ecosystems. Specifically, the authors examine how to measure value creation and value capture mechanisms from a single participant's perspective and at the ecosystem level through a strategic value network-based approach. Design/methodology/approach Building on ext...

Purpose This study aims at exploring how small and medium enterprises (SMEs) can implement a more open and co-creational business model by actively collaborating with startups. Design/methodology/approach Because of the novelty of the SME–startup collaboration phenomenon and to the depth of the investigation required to grasp the mechanisms and log...

Digital technologies are bringing a wide spectrum of business opportunities as well as significant organizational challenges for incumbent companies operating in traditional industries such as the energy one. The diffusion of new technologies is changing the way energy solutions are consumed and experienced, while consumers increasingly take owners...

Purpose This paper aims to examine how competitive intelligence (CI) relates to the strategy formulation process of firms. Design/methodology/approach Due to the novelty of the phenomenon and to the depth of the investigation required to grasp the mechanisms and logics of CI, a multiple case study has been performed related to four companies locat...

Building on the literature on agglomeration economies, this study examines how urbanization, industry-diversification, district economics and incubating initiatives are associated to the creation of innovative start-ups in Italy. The empirical analysis is based on a sample of 6018 innovative start-ups distributed across 104 Italian NUTS 3 regions....

The emergence of a sharing revolution is leading to a new societal system of collaboration enabled by digital technologies. Although sharing-based initiatives are re-shaping established organisational practices and innovating traditional business models (BMs), existing research fails in grasping the phenomenon's multiple facets. This study aims at...

The purpose of this article is to review the emerging research on entrepreneurial ecosystem and to guide future research into this promising area. The study presents a critical review on the entrepreneurial ecosystem, starting from its very definition and antecedents. Combining prior research with building on the main concepts that constitute an en...

Purpose This paper aims to investigate how a firm may innovate its business model to internationalize. Design/methodology/approach Owing to its novelty and to the depth of the investigation required to grasp the mechanisms and logics of business model innovation aiming at internationalization, a single case study has been performed related to a co...

Digital entrepreneurship highly relies on external sources of financing to foster growth. This study aims at investigating how angel groups and venture capital (VC) funds affect growth of digital new ventures in their startup and scaleup phase. To address this aim, we analyzed 372 investment rounds regarding 256 Italian–based new ventures. The key...

Purpose: Business Model Change (BMC) is a process new ventures are frequently involved in, especially in dynamic environments like the Digital Industry: copying with it is a key issue for entrepreneurs attempting to shorten the transition between current and new business models (BMs) and avoid losses in terms of revenue, image and customer retentio...

Digital startups in the early stages of their development frequently undergo innovation to their value architecture and Business Model. A set of pragmatic methods drawing on lean and agile principles has recently been proposed to support digital entrepreneurs facing Business Model Innovation (BMI), known as Lean Startup Approaches (LSAs). However,...