Embracing innovation as strategy: Corporate Venturing, Competence Building and Corporate Strategy Making

W.P.M. Vanhaverbeke, N. Peeters

Onderzoeksoutput: Bijdrage aan tijdschriftTijdschriftartikelAcademicpeer review

78 Citaten (Scopus)

Samenvatting

Large diversified companies companies do not have good track records in managing discontinuous change and in turning breakthrough innovations into long-term growth and profit engines. Their existing technological capabilities tend to facilitate cognitive inertia, path dependency and low levels of experimentation. However, some companies seem to find a dynamic balance between exploitation and exploration, between path creation and path dependence. We focus on how these established firms manage that continuous change process, and more specifically we seek to answer how corporate strategy, competence building and new business development interact in rejuvenating a company. Furthermore, we investigate how these concepts are at play on an operational level by looking at corporate practices in large companies that have a track record of successful strategic rejuvenation.
Originele taal-2Engels
Pagina's (van-tot)246-257
TijdschriftCreativity and Innovation Management
Volume14
Nummer van het tijdschrift3
DOI's
StatusGepubliceerd - 2005

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