Effects of Internal Corporate Venturing on the Transformation of Established Companies

Background: Corporate entrepreneurship (CE) is credited for many positive organisational outcomes, including systemic growth and increased revenue. Several terms associated with CE, including strategic renewal, corporate venturing and intrapreneurship are frequently used interchangeably and often confuse scholars, researchers and practitioners. The lack of clarity about the exact meaning of these terms is detrimental to the synergy in the current body of knowledge and the development of models involving these concepts. Objective: The aim of this paper was to describe CE as a unique concept, distinguishable from related concepts. Methodology: Several definitions of CE as well as the related terms were dissected, to identify core elements associated with each of them. The validity of these comprehensive definitions was tested by requesting 68 master’s degree students to classify the definitions. Inter-rater reliabilities were calculated in order to assess the level of agreement in the classification of the constructs. Results: The results indicate that CE is difficult to distinguish from strategic renewal and corporate venturing, but that intrapreneurship seems to be better defined and separate from the other constructs. Conclusion: These results emphasise the conceptual confusion that exists around CE and the need for further clarification of terminology.KEY WORDSCorporate entrepreneurship, strategic renewal, corporate venturing, intrapreneurship.

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The changing face of corporate venturing in biotechnology

Bioentrepreneur ◽

10.1038/bioe.2012.9 ◽

2012 ◽

Cited By ~ 2

Author(s):

Georg von Krogh ◽

Boris Battistini ◽

Fotini Pachidou ◽

Pius Baschera

Keyword(s):

Corporate Venturing

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Internal Corporate Venturing Cycles: A Nagging Strategic Leadership Challenge

SSRN Electronic Journal ◽

10.2139/ssrn.804546 ◽

2005 ◽

Cited By ~ 2

Author(s):

Robert A. Burgelman ◽

Liisa Valikangas

Keyword(s):

Strategic Leadership ◽

Corporate Venturing

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Innovation success through corporate venturing: an empirical analysis of the relevant success factors

International Journal of Management and Decision Making ◽

10.1504/ijmdm.2006.009150 ◽

2006 ◽

Vol 7 (2/3) ◽

pp. 295

Author(s):

Tino Michalski ◽

Sebastian Nafe ◽

Ahmed Usein

Keyword(s):

Empirical Analysis ◽

Success Factors ◽

Corporate Venturing

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Corporate venturing en de concurrentieomgeving

Maandblad Voor Accountancy en Bedrijfseconomie ◽

10.5117/mab.78.16889 ◽

2004 ◽

Vol 78 (5) ◽

pp. 233-239

Author(s):

Frans A. J. Van Den Bosch ◽

J. H. Burgers ◽

Henk Volberda

Keyword(s):

Corporate Venturing ◽

Corporate Ventures

In dit artikel staat de vraag centraal hoe corporate venturing de dynamiek beïnvloedt in de concurrentieomgeving. Hiertoe is een raamwerk ontwikkeld waarin de verschillende typen corporate ventures gerelateerd worden aan de product- en factormarktdynamiek van de onderneming. Het raamwerk laat zien dat ondernemingen twee strategieën kunnen volgen wat betreft corporate venturing. Ten eerste, kiezen voor typen corporate ventures waarbij de huidige marktdynamiek in stand blijft (bestendiging). Ten tweede, kiezen voor typen ventures waarbij de bestaande marktdynamiek sterk toeneemt (verstoring). Het raamwerk verschaft managers inzicht in de gevolgen van corporate venturing voor de concurrentieomgeving. Een vergroting van de marktdynamiek vraagt om een ander, meer ﬂexibel type organisatie. Een beknopte casestudie naar venture strategieën van de Rabobank en de ING illustreert de toegevoegde waarde van het ontwikkelde raamwerk.

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