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RESPONSIBLE ENTREPRENEURSHIP VISION DEVELOPMENT AND ETHICS

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318 <strong>RESPONSIBLE</strong> <strong>ENTREPRENEURSHIP</strong><br />

Conclusion<br />

In a real world, the development of new products is always a challenge due to bringing<br />

new and useful products in the market. Development of new products is classed as the transformation<br />

of a market opportunity keeping in view the needs of customers. It is also important<br />

to know the competitive environment success factors of newly developed products.<br />

Quality, time, cost and usability are the main variables that drive the needs of the market and<br />

ultimately customers. Aimed at these three variables, companies develop continuous practices<br />

and strategies to better satisfy the customer requirements and increase their market share<br />

by a regular development of new products. Modern organisations achieve this through collaboration.<br />

Similarly, the concept of living labs is comprised of collaborative innovative networks<br />

to accelerate systematic innovation. In “XploR”, the living labs have acted as catalysers<br />

and initiators of systematic innovation due to the diversified nature of users requirements.<br />

The concept of this new innovation was thoroughly analysed, discussed, planned and implemented<br />

with the co-operation of living labs in France and Luxemburg. The technology was<br />

devised with the facial recognition, GPS navigation and 5-zone obstacle detection features.<br />

Due to the requirements of users in France, they wanted to have the facial recognition system<br />

and on the other side, they disliked the idea of 5-zones obstacle detection. The “XploR”<br />

is designed and developed through a systematic innovation embedding a new layer of “Optionalities<br />

Interface”. It would lead to satisfying the cross-cultural and cross-border conflicts on<br />

using this product. The systematic innovation of “XploR” while assigning the responsibilities<br />

to various labs has shown the integration of regional innovation ecosystems.<br />

Acknowledgment<br />

Authors express their appreciation to INTERREG IVB North West Europe Programme<br />

(NWE) for the funding of ‘Living Labs Application (LILA) 2011 – 2015’ project and its respective<br />

partners who validated the model of user led innovation for international entrepreneurship.<br />

(http://4b.nweurope.eu/index.php?act=project_detail&id=5513)<br />

Authors wish to express sincere gratitude to the founders of Blindx the startup which participated<br />

in the LILA project to further their research and development of XploR at Birmingham<br />

City University.<br />

References<br />

Abdel Latif, A. (2011). LDC Needs Assessment under TRIPS: The ICTSD Experience (2007-2011). Information<br />

Note No. 19. International Centre for Trade and Sustainable Development. Geneva: ICTSD.<br />

Arora A., Fosfuri, A., & Gambardella, A. (2002). Markets for Technology: Economics of Innovation and Corporate<br />

Strategy. Cambridge: MIT Press.<br />

Athreye, S., & Cantwell, J. (2007). Creating competition? Globalisation and the Emergence of New Technology<br />

Producers. Research Policy. 36, 2.<br />

Bruton, GD., Ahstrom, D., & Obloj, K. (2008). Entrepreneurship in Emerging Economies: Where are we<br />

today and where should the research go in the future. Entrepreneurship Theory and Practice. January,<br />

1-14.

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