Corporate Venture Management in Small-medium Sized Enterprise: The Roles and Effects of Autonomy and Corporate Policy

Jérôme Gard, Bernhard Katzy, Torben Juul Andersen, Guido H. Baltes, Tim Gasser

Publikation: Bidrag til bog/antologi/rapportKonferencebidrag i proceedingsForskningpeer review

Resumé

Corporate venturing is one way for corporations to introduce strategic renewal into their business portfolios, which is imperative for ongoing success in innovation-driven industries. Prior research finds that corporate ventures should be separated from the mainstream business in loosely coupled sub-units, but scholars continue to discuss how loose or tight the ventures should be to balance exploration and exploitation. Hence, the antecedents for successful venture management are yet to be fully explored and our study contributes to this effort. The study shows that corporate venture success is enhanced when corporate management grants job and strategic autonomy to the venture managers. This is further amplified when corporate management simultaneously imposes an exploitative policy that forces venture managers to prioritize extensions to and improvements of existing competences and product-market offerings.
OriginalsprogEngelsk
TitelConference Proceedings of IEEE International Conference on Engineering, Technology and Innovation. ICE/ITMC 2018
Antal sider10
Udgivelses stedLoa Alamos, CA
ForlagIEEE
Publikationsdato2018
Sider650-659
Artikelnummer8436280
ISBN (Trykt)9781538614709
ISBN (Elektronisk)9781538614693, 9781538614693
DOI
StatusUdgivet - 2018
BegivenhedThe 24th ICE/IEEE International Technology Management Conference: International Conference on Engineering Technology and Innovation - Stuttgart, Tyskland
Varighed: 17 jun. 201820 jun. 2018
Konferencens nummer: 24
http://www.ice-conference.org/

Konference

KonferenceThe 24th ICE/IEEE International Technology Management Conference
Nummer24
LandTyskland
ByStuttgart
Periode17/06/201820/06/2018
Internetadresse
NavnInternational ICE Conference on Engineering Technology and Innovation
ISSN2334-315X

Bibliografisk note

CBS Bibliotek har ikke adgang til materialet

Emneord

  • Autonomy
  • Corporate policy
  • Corporate ventures
  • Corporation-venture relations
  • Organiztational ambidexterity

Citer dette

Gard, J., Katzy, B., Andersen, T. J., Baltes, G. H., & Gasser, T. (2018). Corporate Venture Management in Small-medium Sized Enterprise: The Roles and Effects of Autonomy and Corporate Policy. I Conference Proceedings of IEEE International Conference on Engineering, Technology and Innovation. ICE/ITMC 2018 (s. 650-659). [8436280] Loa Alamos, CA: IEEE. International ICE Conference on Engineering Technology and Innovation https://doi.org/10.1109/ICE.2018.8436280
Gard, Jérôme ; Katzy, Bernhard ; Andersen, Torben Juul ; Baltes, Guido H. ; Gasser, Tim. / Corporate Venture Management in Small-medium Sized Enterprise : The Roles and Effects of Autonomy and Corporate Policy. Conference Proceedings of IEEE International Conference on Engineering, Technology and Innovation. ICE/ITMC 2018. Loa Alamos, CA : IEEE, 2018. s. 650-659 (International ICE Conference on Engineering Technology and Innovation).
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Gard, J, Katzy, B, Andersen, TJ, Baltes, GH & Gasser, T 2018, Corporate Venture Management in Small-medium Sized Enterprise: The Roles and Effects of Autonomy and Corporate Policy. i Conference Proceedings of IEEE International Conference on Engineering, Technology and Innovation. ICE/ITMC 2018., 8436280, IEEE, Loa Alamos, CA, International ICE Conference on Engineering Technology and Innovation, s. 650-659, The 24th ICE/IEEE International Technology Management Conference, Stuttgart, Tyskland, 17/06/2018. https://doi.org/10.1109/ICE.2018.8436280

Corporate Venture Management in Small-medium Sized Enterprise : The Roles and Effects of Autonomy and Corporate Policy. / Gard, Jérôme; Katzy, Bernhard; Andersen, Torben Juul; Baltes, Guido H.; Gasser, Tim.

Conference Proceedings of IEEE International Conference on Engineering, Technology and Innovation. ICE/ITMC 2018. Loa Alamos, CA : IEEE, 2018. s. 650-659 8436280 (International ICE Conference on Engineering Technology and Innovation).

Publikation: Bidrag til bog/antologi/rapportKonferencebidrag i proceedingsForskningpeer review

TY - GEN

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AU - Gard, Jérôme

AU - Katzy, Bernhard

AU - Andersen, Torben Juul

AU - Baltes, Guido H.

AU - Gasser, Tim

N1 - CBS Library does not have access to the material

PY - 2018

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N2 - Corporate venturing is one way for corporations to introduce strategic renewal into their business portfolios, which is imperative for ongoing success in innovation-driven industries. Prior research finds that corporate ventures should be separated from the mainstream business in loosely coupled sub-units, but scholars continue to discuss how loose or tight the ventures should be to balance exploration and exploitation. Hence, the antecedents for successful venture management are yet to be fully explored and our study contributes to this effort. The study shows that corporate venture success is enhanced when corporate management grants job and strategic autonomy to the venture managers. This is further amplified when corporate management simultaneously imposes an exploitative policy that forces venture managers to prioritize extensions to and improvements of existing competences and product-market offerings.

AB - Corporate venturing is one way for corporations to introduce strategic renewal into their business portfolios, which is imperative for ongoing success in innovation-driven industries. Prior research finds that corporate ventures should be separated from the mainstream business in loosely coupled sub-units, but scholars continue to discuss how loose or tight the ventures should be to balance exploration and exploitation. Hence, the antecedents for successful venture management are yet to be fully explored and our study contributes to this effort. The study shows that corporate venture success is enhanced when corporate management grants job and strategic autonomy to the venture managers. This is further amplified when corporate management simultaneously imposes an exploitative policy that forces venture managers to prioritize extensions to and improvements of existing competences and product-market offerings.

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KW - Corporate policy

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KW - Corporation-venture relations

KW - Organiztational ambidexterity

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Gard J, Katzy B, Andersen TJ, Baltes GH, Gasser T. Corporate Venture Management in Small-medium Sized Enterprise: The Roles and Effects of Autonomy and Corporate Policy. I Conference Proceedings of IEEE International Conference on Engineering, Technology and Innovation. ICE/ITMC 2018. Loa Alamos, CA: IEEE. 2018. s. 650-659. 8436280. (International ICE Conference on Engineering Technology and Innovation). https://doi.org/10.1109/ICE.2018.8436280