Managerial considerations for the successful implementation of internal corporate venturing

Manoochehri, Farideh (2005) Managerial considerations for the successful implementation of internal corporate venturing. (PhD thesis), Kingston University, .


This research has attempted to make a contribution to the development of knowledge within the domain of Internal Corporate Venturing (ICV) with specific reference to the factors that are likely to affect a successful or failed outcome for such ventures. Extant literature was examined for existing models that could explain ICV practice in large organisations. The author was unable to find a model that could be utilised or modified for the purposes of the present study. Consequently a theoretically grounded research model was developed which posits that 'Organisational', 'Strategic' and 'Operational' are higher order dimensions that affect ICV outcome. The study employed rigorous methodologies to (a) operationalise the factors that comprise each of the three dimensions and, (b) test a number of research hypotheses through a self¬completion questionnaire. Sufficient data were collected from a random sample of the top UK based companies and the principal analytical tool utilised was Partial Least Squares (PLS). Overall, the research is considered to have made the following contributions: Methodological Contributions Given the lack of published operationalisatians, this research has developed and validated a series of scales to measure the specific factors that have been hypothesised to form the three higher order dimensions. The proposed higher order structure of the 'Organisational', 'Strategic' 'and 'Operational' dimensions was confirmed. However, 'Funding' was found to represent a discreet construct rather than being a factor of the 'Strategic' dimension. Theoretical Contributions Looking at the research model, of the hypothesised determinants only the 'Organisational' dimension and the 'Funding' construct have been found to significantly affect ICV outcome. A competing model was also tested that, instead of higher order structures, allowed direct pathways between the constructs of the three dimensions and ICV outcome. The results indicate that 'Autonomous behaviour', 'Funding' and 'Resource availability' were significant determinants of ICV outcome. Managerial Guidelines/Contributions On the strength of the results obtained a set of managerial guidelines are. proposed that are designed to encourage autonomous behaviour within the ICV, ensure the allocation of sufficient resources and funds that will enable the ICV to function in a way that will ultimately ensure a positive outcome.

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