In today's rapidly changing business environment established companies venture to sustain growth and corporate renewal. But developing new business from scratch takes time. Thus companies find it hard to justify investments in venturing: when measured by financial terms only, the track record of corporate venturing is poor. This paper drafts...
Learning and increased innovation are often mentioned as some of the key benefits from corporate venturing for corporations. However, little research exists that would analyze whether there are systematic differences in learning outcomes across different governance modes. This paper systematically analyzes how the governance choice between different external corporate venturing...
Working with corporate venturers can provide venture capital and private equity firms with a rich source of investment opportunities. Corporate venturing can entail different things, depending on the corporate in question. A question remains in the minds of many VC investors: is the reduction in operational and competitive risk merely...
External corporate venturing, which is new business creation activity through organizational modes such as corporate venture capital, alliances, acquisitions, or spin offs has received relatively scant attention in the corporate entrepreneurship literature. Based on seven in-depth case studies of large European and U.S. firms in the information and communication technology...
It’s all the rage, but it’s not for the fainthearted. More than a few companies have spent tens of millions of dollars on new ventures only to find that the market has passed them by or wasn’t really moving their way in the first place. The solution is to put...
Building on Eisenhardt & Martin, this paper examines one important dynamic capability of firms, that of External Corporate Venturing ECVC. The external corporate venturing capability consists of the following elements: ability to bridge between the corporation and the start-up community; and ability to execute venturing relationships for the rapid development...
This paper begins with a discussion of corporate venturing basics including the rationale for initiating a corporate venture group, a comparison to traditional venture capital firms, and the many approaches to corporate venturing. Next there is an in depth discussion of the current corporate venture landscape including examples of successful...
Business Times Malaysia 07-05-2001 THE new economy has made it necessary to see corporate venturing in a new light, according to Accenture Business Launch Center. Corporate venturing is investing and leveraging on internal and external asse Business Times...
This paper explores innovation, renewal and venturing through a thoroughly developed resource-based analysis. It hypothesizes and tests the contribution of a resource portfolio including the firm upper echelon in order to find out which resources can be considered seminal to innovation, venturing and renewal. In doing so, it builds on...
The recent corporate frauds led employees of various companies to keep a tab on the daily operations. As a result of the frauds, the trend toward corporate venturing has virtually died down. However, not all major companies have abandoned their corporate venture operations. A number of businesses actually increase their...
Article talks about fast venturing that has proven to be a powerful force in getting dot-coms up and running quickly. However, if this entrepreneurial model is not used properly, the best ideas can be swept away. Fast venturing is a strategy to bring a new eCommerce company to market with...
Rolls-Royce had previously become involved in Corporate Venturing in the late 80s and early 90s with what many might view as some success. With a dedicated team of three or four they had achieved a revenue from licensing of several million Pounds a year. However, in the bearish mood of...
How firms build new capabilities to adapt to changing environments is in the core of strategic management. However, only recently research has addressed this question. In this paper a model has been developed that lays out how firms develop a capability to create and develop ventures through corporate venture capital,...
From the executive summary: ‘Companies that are successful in developing new ventures have a clearly articulated portfolio management strategy covering five areas: type of business opportunity, capital investment parameters, degree of operational involvement, links with core businesses, and other such objectives.’ The companies prefer creating a separate subsidiary because the...
corporate venturing CVS A scheme designed to encourage established companies to invest in the full-risk ordinary shares of companies of the same kind as those qualifying under the Enterprise Investment Scheme ; the scheme encourages the inves corporate venturing CVS...
The article discusses a statement that “ The economy is bottoming out and bargains abound. For companies with strong finances and steady nerves, it's a good time to get serious about corporate investing.” It states that when economy is having down time, the best practice is to get serious about...
Recently several authors have argued that faced with dramatic change, the firm needs to expand its search space beyond local search to develop new cognitive frameworks that can guide behavior in the changed or changing environment. This paper contributes to this emerging stream of literature by investigating mechanisms that enable...
Thirty years of systematic study reveal that many major corporations experience a strange cyclicality in their Internal Corporate Venturing ICV activity: Periods of intense activity are followed by periods of shutting down such activities only to be followed by a new cycle a few years later. Based on analysis of...
This paper argues that Corporate Venturing CV, i.e. activities where an existing firm actively invest in a new start-up, is a much more widespread phenomenon in Denmark than official sources claim. In addition to large CV oriented corporations such as NKT and B&O, many medium sized firms and even quite...
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