Knowledge management challenges in corporate venturing and technological capability building through radical innovations

W.P.M. Vanhaverbeke, J.J. Berends, R. Kirschbaum, F. Brabander, de

Research output: Book/ReportReportAcademic

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Abstract

This paper’s focus is on the knowledge management challenges that come along with technology based corporate venturing (CV). CV is a complex process including internal, joint and external venturing. It can be organized into a (semi)-autonomous business unit. This unit manages CV-projects through a sequence of subsequent stages starting from high risk and low stakes in the idea evaluation to lower risk and higher stakes in pilot plant production at the start-up company. These consecutive steps can be considered as a sequence of option payments over time in a technology. CV activities require a different approach to knowledge management that is predominantly focused on codifying, collecting and distributing knowledge. Knowledge management can enhance CV by focusing on experimenting, monitoring and integrating. As a result, knowledge management requires a contingency approach tailoring knowledge management activities to the specific tasks of the CV.
Original languageEnglish
Place of PublicationEindhoven
PublisherTechnische Universiteit Eindhoven
Number of pages24
Publication statusPublished - 2003

Publication series

NameECIS working paper series
Volume200316

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