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.
|Name||ECIS working paper series|