RESPONSIBLE ENTREPRENEURSHIP VISION DEVELOPMENT AND ETHICS

Triple Helix principles and cultural barriers in a post-transition business environment 393
innovative ideas. According to Wolpert (2002) even if a particular organization is able to generate
innovative ideas, it will not be able to manage it alone, because the probability for success
will be relatively low.
If we take into consideration the Open Innovation Model, innovative ideas do not necessarily
need to be generated only within the organization. Different organizations should not
only use ideas and technologies generated internally. Rather, they should seek to exploit the
ideas and technologies that come from their external environment. In this way they will be
able to develop more successful and long-term innovative projects (Chesbrough, 2003; Chesbrough,
2006). Organizational boundaries are not rigid and self-sealing. They should be more
flexible and permeable, which enables organization wide communication and interaction with
the external environment (Wolpert, 2002).
In this context, Triple Helix philosophy seems to give a great contribution to companies
and institutions that implement the open innovation model principles and try to have a sustainable
development in the future. The Triple Helix thesis is that “the potential for innovation
and economic development in a Knowledge Society lies in a more prominent role for
the university and in the hybridization of elements from university, industry and government
to generate new institutional and social formats for the production, transfer and application
of knowledge” (Ranga & Etzkowitz, 2012, p. 5).
Triple Helix Model
Source: Etzkowitz and Leydesdorff (2000)
Referring to Ranga & Etzkowitz (2012, p. 8) Triple Helix system is a set of: (i) Components:
the institutional spheres of University, Industry and Government, each encompassing
a wide-ranging set of actors; (ii) Relationships between components: collaboration and conflict
moderation, collaborative leadership, substitution and networking; (iii) Functions:
described as a set of activities specific to the “Triple Helix Spaces”: the Knowledge, Innovation
and Consensus Spaces.