TY  - CHAP
AB  - 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.
VL  - 11
SN  - 978-1-84950-521-5, 978-0-7623-1466-9/0749-6826
DO  - 10.1016/S0749-6826(07)11005-2
UR  - https://doi.org/10.1016/S0749-6826(07)11005-2
AU  - Henri Burgers J.
AU  - Van Den Bosch Frans A.J.
AU  - Volberda Henk W.
ED  - Rudy Martens
ED  - Aimé Heene
ED  - Ron Sanchez
PY  - 2008
Y1  - 2008/01/01
TI  - The impact of corporate venturing on a firm's competence modes
T2  - Competence Building and Leveraging in Interorganizational Relations
T3  - Advances in Applied Business Strategy
PB  - Emerald Group Publishing Limited
SP  - 117
EP  - 140
Y2  - 2024/09/19
ER  -