Lumpkin & Dess (1996) makes an important distinction between entrepreneurship and entrepreneurial orientation (EO). This construct has innovativeness as one of it's dimensiones. Entrepreneruship refers more to market entry, EO is what it takes to accomplish market entry. Hope that helps.

Congrats for placing a relevant and interesting question at the forum. Great. Innovation is one of the three basic pillars of entrepreneurship, as the entrepreneurship theories go. You've rightly stated that innovation is a key aspect of business level strategy with implications for quality, price and sustainability. Entrepreneurship should also be essentially accompanied by and consist in risk-taking and organising competency. Thanks

Innovating for impact

While there are well-known examples of innovation solving emerging problems, too often, many of our entrepreneurs are trying to solve problems while potentially missing out on massive opportunities in developing countries. 

http://www.economistinsights.com/sites/default/files/barclays_1.pdf

Dear Ann,

Innovation is an important component of entrepreneurship but it is not essentially part of  it.  Innovation term is developed from novation. So if something is new is innovative, whereas the entrepreneurship always does not requires innovation. Duplication or even replication of idea may work. Though now a days 'innovative idea' become most important factor at planning and even implementation stage for a successful entrepreneur.

According to me innovation has a very broad area where as entrepreneurship can be considered as a part of innovation. 

Making a distinction between entrepreneurial process and small business management process, Hatten (2009) describes stages of the entrepreneurial processes, which starts with innovation.  Entrepreneurship is inconceivable without innovation.

Innovation is at the core of an entrepreneur. Need to distinguish the type of entrepreneur? Look at " A New View of the Skew: A Quantitative Assessment of the qQuality of American Entrepreneurship" it considers IDEs; Innovation Driven Enterprises. This has its roots all the way back to Schumpeter. 

Hi Ann,

Would agree with Heather's viewpoint i.e. both together or independently? I would also include Social entrepreneurship within this discussion.

Regards

Rob

dear Ann

it is  necessary to be the typical characteristics that define the leading cross-business incubators are very busy and the ability and aspiration to success. And we can define these properties as follows

1 - autonomous capacity to take decisions: has the ability to control the work and results

2. Higher energy level: working diligently and found the extraordinary efforts in order to succeed.

3. big need for achievement: stimulates to accomplish, and looking up to achieve the goals that are challenging.

 4. Self-confidence: has the ability, and very self-reliance and confidence.

 Leadership comes in a lot of cases, new innovation, which changes in the area where he works in full, and this type of entrepreneurs is relying on them in the development of the entire country's economy, and talked about it (Schumpeter) who's counting innovation that comes Entrepreneurs economic growth and the source of the change engine the structures of the industry, and to improve social welfare.

GOOD LUCK

dr.salim

university of Baghdad

Entrepreneurs tend to focus on being different than current competitors. That may not make them survive or thrive. Creating true Innovation requires your product or service to be both Different and Better.  Your business will be successful if it is both Different and Better than the competition.

Innovation pedagogy includes both innovation and entepreneurship.

Yes, there is a relationship between entrepreneurship and innovation. Because, entrepreneurship caters to opportunity or a need in society.

Especially for first generation entrepreneurs, they require a blend of causal and effectual reasoning along with a level of cognition and drive. Because paucity of resources and funds, deems it necessary to look for 'innovative' processes to implement their ideas. They have to look for the  most effective and efficient processes. Innovation is required by everyone (the variance may be at the degree and levels) working in any firm/organization.

Entrepreneurship, is beyond identification of a need or awareness. It also requires action. And thats where innovation comes into play. Knowledge may be possessed by a person, but innovation is the "action" or process of innovating, process is an emergent or putting the act of innovating into practice. 

Look at the most successful first gen entrepreneurs, they go beyond mere build up or stacking up of codified knowledge; In fact during crisis conditions we are forced to look for innovative ways out (especially if we are ina sinking ship; Knowledge is possessing awareness that we will die if we dont get out; innovation is the construct we use to look as to how to get out) Assuming entrepreneurs look for a way out. Innovation is important. 

dear Juha Kettunen

i think that creativity  are Generates both innovation and innovation and entrepreneurship .and represented The right environment  in business 

with best regard 

Dear Ann I Ogbo

Greetings,

Yes , there is relationship between innovation and entrepreneurship , if the business work  in effectiveness and efficiency , so this lead to create new ideas and  innovation then this business lead to entrepreneurship.

Best Regards

It's as simple as a deduction: SMEs create competitive advantage through innovation, flexibility and consumer relations. Entrepreneurship is the process of SME creation. So being an entrepreneur means being innovative.

Hello Ann,

I am of the view that there is a strong relationship between innovation and entrepreneurship. Entrepreneurship  has to do with creating wealth by selling a product/service in a unique way (right price, right quality, right presentation etc) to meet identified gaps within an identified market (note that the product/service could also be unique). This is in itself is innovation. 

You may wish to check out the following article: 

Zhao, F. (2005). Exploring the synergy between entrepreneurship and innovation. International Journal of Entrepreneurial Behavior & Research, 11(1), 25-41.

Dear Ann:

In these files, I sent two articles related to innovation in the training and entrepreneurship.

Best regards.

In words of Peter Drucker:

"One important advance in the discipline and practice of management is that both now embrace entrepreneurship and innovation. A sham fight these days pits “management” against “entrepreneurship” as adversaries, if not as mutually exclusive. That’s like saying that the fingering hand and the bow hand of the violinist are “adversaries” or “mutually exclusive.” Both are always needed and at the same time. And both have to be coordinated and work together. Any existing organization, whether a business, a church, a labor union, or a hospital, goes down fast if it does not innovate. Conversely, any new organization, whether a business, a church, a labor union, or a hospital, collapses if it does not manage. Not to innovate is the single largest reason for the decline of existing organizations. Not to know how to manage is the single largest reason for the failure of new ventures."

P. F. Drucker, The Essential Drucker: The Best of Sixty Years of Peter Drucker’s Essential Writings on Management, Reissue edition. New York: HarperBusiness, 2008.

Other references:

[1] P. F. Drucker, Innovation and Entrepreneurship, vol. 54. 1985.

[2] F. Okpara, “The Value of Creativity and Innovation in Entrepreneurship,” J. Asia

Entrep. Sustain., vol. III, no. 2, p. 17, 2007.

[3] et all. Potter, Jonathan, Noya, Antonella, “SMEs, Entrepreneurship and Innovation,” Innovation, vol. 54, no. 2, p. 228, 2010.

[4] T. C. Parsons, “Innovation & Entrepreneurship: Practice & Principles.,” Am. J. Small Bus., vol. 10, no. 2, pp. 63–65, 1985.

[5] M. D. Kathman, J. Fletcher, F. Fialkoff, A. Schwarzer, J. Sutton, and J. Cameron, “Innovation & Entrepreneurship (Book),” J. Inf. Technol., vol. 110, p. 1/6p, 1986.

Hello Ann,

You may find the article below useful for your research;

Hindle, Kevin 2009. The relationship between innovation and entrepreneurship: easy definition, hard policy. Paper delivered to the refereed stream of the 6th AGSE International Entrepreneurship Research Exchange. 3-6 February. Adelaide, South Australia, Australia. Retrieved from http://kevinhindle.com/publications/J4.2009-AGSE-Hindle-Inn-Ent-Pol.pdf

If the new is better, produce innovations improve the life and is a way of entrepreneurship.

Innovation and Entrepreneurship is similar to Engineering and Technology.

yes you have to have a relationship if innovation is not invisible

because entrepreneurship make visible innovation

In general, Entrepreneurship is the best outcome on an Innovation to benefit the human being as a whole. Innovation works as a brain to Entrepreneurship.

I would like to share good scenarios:

http://www.druid.dk/conferences/nw/paper1/pirich.pdf

http://kevinhindle.com/publications/J4.2009-AGSE-Hindle-Inn-Ent-Pol.pdf

logically, we can say yes, but we need to carry out a study and scientifically analyze our data from the study to  prove our "yes" . At least, we can be able to know the degree of the relationship. Knowing the degree is very important.  

The relationship between innovation and entrepreneurship is now better seen in the subject called 'Technopreneurship', which is now becoming popular in most engineering and technology schools.

surely, see the enclosed articles.

Best wishes,

MV

Definitely a relationship exists. Innovation is a thought process and every entrepreneur is innovator. So definitely there is a relationship.

Innovation is the main base that can be directed towards entrepreneurial organization

Innovation is the foundation for enterprenurial development

Innovations are the sources of entrepreneurship

Now I am at the final stage of writing a book: The Business Innovation Book. Your question a subject of the book.

Follow my project!

https://www.researchgate.net/project/Business-Innovations-textbook

innovation and entrepreneurship are inter related. Every entrepreneur , whenever, he deals with a project, has his own inimitable style of approaching the project. That means that he is innovative in his approach of executing the project. Each of our five fingers are not the same , though they are a part of our hand. Likewise, each entrepreneur will plan, design and execute the project, even if it is the same project being taken by  others but he will have a different approach. He may feel that some steps are redundant and may find a short cut. Hence, innovation in the approach is bound to happen and depending on the suitability of his new ideas, he will reap the results .. A good thought process, Prof. Krishnamurthy Prabhakar, for kindling our innovative spirit on entrepreneurship. Congrats. Gemini Ramamurthy

Innovation is a new dream/idea/device/method; or the act of introducing new

ideas/devices /methods/service/product. Innovations can be new products/business

models/customer relationship/any form of new dream/idea. Innovation, however, does not have to

mean the creation of something totally new. Improvements and Iterations upon an existing

idea/product/service are also innovations. Take the iPod, for example. While far from the first

personal music player, the iPod introduced an unprecedented customer relationship and business

model, shaking up the electronics industry.

Innovation creates change; it disrupts the status quo, but it does not automatically translate to

entrepreneurship or new business. In addition, innovation occurs in plenty of other contexts beyond

business. Non-profit organizations, academic and Governments also generate groundbreaking

dreams/ideas, often sparking Economic and social change.

According to Livingstone (2000: 3) in Hindle (2009). Innovation is not just the idea – innovation

is only achieved when the idea has been transferred into an outcome which has value.

Electronic copy available at: https://ssrn.com/abstract=3009870

2

Figure 1. Innovation Model

Innovation = Invention + Implementation

Source: Hindle, Kevin (3-6 February 2009)

The three main importance of livingstone (2000:3) Innovation definition:

 Innovation is not achieved until ideas have been transformed into tangible outcomes;

 Applicable to a public good , not-for-profit and commercial ventures;

 Emphasis the indivisible, mutual importance of good science and good business practices

Entrepreneurship is the willingness of an individual / group to take risks and develop, organize

and manage a business venture in a competitive global village marketplace that is constantly

evolving (techaloo.com 2017). Entrepreneurs are pioneers, innovators, leaders and inventors.

They are at the forefront of technological, economic and social movements – in their fields, in their

forward thinking, in their desire to push forward. They are dreamers and most importantly – doers.

Dreaming big and Doing Good/Well (BGI 2011).

Good question. Congrats. Innovation is one of the four pillars of innovation. If no innovation, entrepreneurship does not exist. It's as simple as that.