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

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review


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.
Original languageEnglish
Title of host publicationConference Proceedings of IEEE International Conference on Engineering, Technology and Innovation. ICE/ITMC 2018
Number of pages10
Place of PublicationLos Alamitos, CA
Publication date2018
Article number8436280
ISBN (Print)9781538614709
ISBN (Electronic)9781538614693, 9781538614693
Publication statusPublished - 2018
EventThe 24th ICE/IEEE International Technology Management Conference: International Conference on Engineering Technology and Innovation - Stuttgart, Germany
Duration: 17 Jun 201820 Jun 2018
Conference number: 24


ConferenceThe 24th ICE/IEEE International Technology Management Conference
Internet address
SeriesInternational ICE Conference on Engineering Technology and Innovation


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

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