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Explorative and exploitative learning from corporate venture capital: model of program level factors


Keil, Thomas; Zahra, Shaker A; Maula, Markku (2004). Explorative and exploitative learning from corporate venture capital: model of program level factors. Academy of Management. Proceedings, 1:L1-L6.

Abstract

The article discusses a study that investigates the conditions under which corporate venture capital (CVC) investments promote the exploitive and explorative organizational learning of incumbents. The article argues that a program of CVC investments allows incumbents to learn different things than they would otherwise from studying single CVC transactions. The article hypothesizes that there is an inverted U-shaped relationship between the volume of the incumbent's CVC investments and exploitative and explorative organizational learning. The article also discusses core business relatedness, the autonomy of the CVC unit, and the absorptive capacity of the incumbent.

Abstract

The article discusses a study that investigates the conditions under which corporate venture capital (CVC) investments promote the exploitive and explorative organizational learning of incumbents. The article argues that a program of CVC investments allows incumbents to learn different things than they would otherwise from studying single CVC transactions. The article hypothesizes that there is an inverted U-shaped relationship between the volume of the incumbent's CVC investments and exploitative and explorative organizational learning. The article also discusses core business relatedness, the autonomy of the CVC unit, and the absorptive capacity of the incumbent.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Language:English
Date:8 January 2004
Deposited On:11 Sep 2019 15:38
Last Modified:17 Sep 2019 20:32
Publisher:Academy of Management
ISSN:2151-6561
OA Status:Closed
Publisher DOI:https://doi.org/10.5465/AMBPP.2004.13862999
Other Identification Number:merlin-id:8170

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