| Title | The Impact of Corporate Venturing on a Firm’s Competence Modes |
|---|---|
| Published in | ERIM report series research in management Erasmus Research Institute of Management. ISSN 1566-5283. |
| Author | Burgers, J.H. (Henri); Bosch, van den F.A.J. (Frans); Volberda, H.W. (Henk) |
| Date | 2007-09-11 |
| Language | English |
| Type | working paper |
| Publisher | Rotterdam School of Management (RSM) Erasmus University, Erasmus Research Institute of Management (ERIM) |
| 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 and 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 lead to an increased flexibility in all five competence modes. These ventures will 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. |
| Publication | http://hdl.handle.net/1765/10536 |
| Persistent Identifier | urn:NBN:nl:ui:15-1765/10536 |
| Metadata | XML |
| Repository | Erasmus University Rotterdam |
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