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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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    Abstract

    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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    ID Code: 31844
    Item Type: Book Chapter
    Keywords: markets, finance, corporate venturing
    DOI: 10.1016/S0749-6826(07)11005-2
    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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