The impact of corporate venturing on a firm's competence modes
Burgers, Henri, Van den Bosch, Frans, & Volberda, Henk (2008) The impact of corporate venturing on a firm's competence modes. In Martens, Rudy, Heene, Aime, & Sanchez, Ron (Eds.) Competence Building and Leveraging in Interorganizational Relations. Emerald Publishing, 117 -140.
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In this conceptual paper we investigate how corporate venturing influences an organization's competences. The impact of various types of corporate ventures on the portfolio of strategic options of a firm's competence modes (Sanchez, 2004a; Sanchez & Heene, 2002) will be assessed by distinguishing two fundamentally different dimensions of corporate venturing: technology and product (Block & MacMillan, 1993). We argue that the level of product and factor market dynamism mediates the effect of corporate venturing on a firm's competence modes. Corporate ventures that significantly increase the level of product or factor market dynamics will increase the flexibility in all five competence modes. These ventures have a direct effect on the lower-order competence modes and an indirect, lagged effect on higher-order competence modes through feedback loops. The developed framework and the propositions contribute to managing the ability of a firm to change its coordination, resource, and operating flexibility in order to sustain value creation.
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|Item Type:||Book Chapter|
|Keywords:||markets, finance, corporate venturing|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Business Information Management (incl. Records Knowledge and Information Management and Intelligence) (150301)|
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300)
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
|Copyright Owner:||Copyright 2008 Emerald Publishing.|
|Deposited On:||19 Apr 2010 13:37|
|Last Modified:||26 Aug 2012 13:06|
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