Corporate Exploration Competence and the Entrepreneurial Enterprise

Klein, Raphael; Haan, Uzi de; Goldberg, Albert I.

doi:10.1007/s13132-009-0006-7

Cited by 6 publications

(1 citation statement)

References 78 publications

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“…This objective, better known as a “window on technology,” facilitates obtaining early and ample access to innovations. This approach requires closer observation of technological knowledge in terms of its development and evolution from a strategic (Klein et al , 2010) and a financial point of view (Blomkvist et al , 2016). It could result in technology transfer from venture-backed firms to the acquiring firm or in a better combination of the resources for both players (Landstrom, 2007).…”

Section: Introductionmentioning

confidence: 99%

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Rossi

Festa

Fiano

et al. 2019

BPMJ

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Purpose Recently, corporate venture capital (CVC) has been gaining increasing attention worldwide as a special form of venturing through which non-financial corporations invest in target companies, usually technological firms, as start-ups. These investments mostly aim not at financial goals but constitute a strategic way for the corporation to obtain access to new technologies and innovations through financing entrepreneurial initiatives. The purpose of this paper is to analyze the connections between the core business of the parent company and its venturing investments, investigating, in particular, its “ambidexterity,” i.e., the ability of the CVC company to invest in ventures close to its core activities, exploiting internal resources and exploring new markets. Design/methodology/approach Stemming from the results of previous studies, this research has applied a discriminating analysis methodology to the 18 most active CVC companies in the world, all of which have technology innovation as the core business of the corporation, in the 2015/2017 period. Findings An evident correlation between the Financing Round (as the independent variable) and the Entrepreneurial Intensity (as the dependent variable) influences the CVCs investment policies and their behavior with respect to their ambidexterity. This link could also influence the strategic orientation of the CVC policy, forcing the company to appropriately govern and manage the starting nature and/or the variable nature of the CVC (ambidextrous, hybrid, dis-ambidextrous or random). Research limitations/implications The current research has used only secondary data to explore the behavior of only 18 CVCs in a relatively short period. Thus, it would be advisable to extend the number of observations, to enlarge the period under investigation, and to retrieve field data to obtain more detailed and reliable results. Originality/value The main objective/contribution of this study is to understand if there is a correlation between the Financing Round (as the independent variable) and the Entrepreneurial Intensity (as the dependent variable) for the 18 most active CVCs in the world, according to CB Insights, in 2015–2017, adopting and further confirming the model by Rossi et al. (2019). The statistical investigation, based on the conclusions of that linear regression model, has highlighted a total or large correlation between these two variables for the current research perimeter, which includes CVC companies with technology as the core business of the corporation.

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Section: Introductionmentioning

confidence: 99%

To invest or to harvest?

Rossi

Festa

Fiano

et al. 2019

BPMJ

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Simple Models of a Human-Capital-Based Firm: a Reference Point Approach

Walker¹

2014

J Knowl Econ

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Productisation: A review and research agenda

Härkönen

Haapasalo

Hänninen

2015

International Journal of Production Economics

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a b s t r a c tProductisation relates to the process of analysing a need, defining and combining suitable elements, tangible and/or intangible, into a product-like defined set of deliverables that is standardised, repeatable and comprehendible. This paper clarifies the concept of productisation by surveying the extant literature and reporting the origins, characteristics, benefits and features along with aiming to support future work. The analysed literature is categorised, its content is analysed, and the need for a clear framework is highlighted.The results indicate that productisation has a specific role in addressing the challenges of being able to describe and explain complex, often abstract offerings and producing them, involving activities both to ensure adequate standards and those activities leading to selling the products. A well productised product is easier to buy, sell and market, has stronger features and may enable benefits depending on the product type. Productisation has implications through having a complementary role amongst well established functions and in strengthening the linkage of market needs and engineering-oriented development. The concept requires further development. Potential future research directions are presented.

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Corporate Exploration Competence and the Entrepreneurial Enterprise

Abstract: Corporate exploration competence, Entrepreneurial enterprise, Professional expertise,

Cited by 6 publications

References 78 publications

To invest or to harvest?

To invest or to harvest?

Simple Models of a Human-Capital-Based Firm: a Reference Point Approach

Productisation: A review and research agenda

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