Learning Objectives and Uncertainty Resolution: An Examination of the Structure of Corporate Venture Capital Relationships

Babson College Entrepreneurship Research Conference (BCERC) 2005

Frontiers of Entrepreneurship Research 2005

14 Pages Posted: 21 Dec 2009

See all articles by Anu Wadhwa

Anu Wadhwa

Ecole Polytechnique Fédérale de Lausanne - Management of Technology and Entrepreneurship Institute (MTEI)

Sandip Basu

City University of New York - Narendra Paul Loomba Department of Management

Suresh Kotha

Foster School of Business

Date Written: 2005

Abstract

The search for external knowledge must necessarily be accompanied by effective organizational learning. The effectiveness of learning is dependent on quite dissimilar factors based on whether the learning objective is explorative or exploitative. Moreover, different types of uncertainty become salient with these two contrasting objectives, and need to be resolved in opposite ways. In the context of Corporate Venture Capital investments, investors seeking to explore were found to structure the timing and level of investment quite differently from investors seeking to exploit. Certain attributes of the investment which the investor has little control over, moderate these relationships.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Wadhwa, Anu and Basu, Sandip and Kotha, Suresh, Learning Objectives and Uncertainty Resolution: An Examination of the Structure of Corporate Venture Capital Relationships (2005). Babson College Entrepreneurship Research Conference (BCERC) 2005. Available at SSRN: https://ssrn.com/abstract=1516534

Anu Wadhwa

Ecole Polytechnique Fédérale de Lausanne - Management of Technology and Entrepreneurship Institute (MTEI) ( email )

Odyssea
Station 5
Lausanne, 1015
Switzerland

Sandip Basu (Contact Author)

City University of New York - Narendra Paul Loomba Department of Management ( email )

NY
United States

Suresh Kotha

Foster School of Business ( email )

University of Washington
Seattle, WA
United States
206-543-4466 (Phone)
206-683-9392 (Fax)

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