External Corporate Venturing – Exploration and Exploitation
نویسنده
چکیده
External corporate venturing, which is new business creation activity through organizational modes such as corporate venture capital, alliances, acquisitions, or spinoffs has received relatively scant attention in the corporate entrepreneurship literature. Based on seven in-depth case studies of large European and US firms in the information and communication technology sector, this paper develops a coherent capability-based framework for external corporate venturing. The framework identifies a dual role of external corporate venturing in exploring new capabilities and business opportunities and in exploiting existing capabilities in new business opportunities.
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