Navigating in new business domains: Internal corporate ventures as exploratory vehicles
Abstract
The successful launch of internal corporate ventures (ICVs) is contingent upon the extent to which these initiatives are understood and managed as exploratory vehicles. Aimed at clarifying the process requirements associated with successful exploration, the current research tests a model of ICV performance based on data collected from 145 ICVs within 72 firms. Results indicate that ICV performance is explained by the conjoint consideration of a venture's goal clarity, learning capability, and the evolution of its value proposition. Further, the parent corporation's familiarity with the venture's targeted market affects relationships between the aforementioned variables and ICV performance.
Publication Title
Academy of Management 2010 Annual Meeting - Dare to Care: Passion and Compassion in Management Practice and Research, AOM 2010
Recommended Citation
Covin, J., Garrett, R., Kuratko, D., & Shepherd, D. (2010). Navigating in new business domains: Internal corporate ventures as exploratory vehicles. Academy of Management 2010 Annual Meeting - Dare to Care: Passion and Compassion in Management Practice and Research, AOM 2010 Retrieved from https://digitalcommons.memphis.edu/facpubs/19056
