Search and Integration in External Venturing: An Inductive Examination of Corporate Venture Capital Units

Strategic Entrepreneurship Journal, Forthcoming

47 Pages Posted: 18 Apr 2015

See all articles by Sandip Basu

Sandip Basu

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

Corey C. Phelps

McGill University

Suresh Kotha

Foster School of Business

Date Written: April 17, 2015

Abstract

How do external venturing units effectively achieve external knowledge search and integration of their initiatives with mainstream organizational units? We investigate this largely unexplored question through an inductive study of 17 corporate venture capital units. We document a set of five novel practices that influence the efficacy of a unit’s external search and internal integration, and identify how these practices complement a broader set of practices used by all units. We highlight the entrepreneurial nature of managing an external venturing unit, often to overcome unfavorable corporate contexts, a perspective that prior research has largely overlooked. Our findings provide unique insights into why some corporate investors are better at learning from external startups than others.

Keywords: External venturing, Corporate venture capital, Search, Integration, Qualitative

JEL Classification: M13, O32

Suggested Citation

Basu, Sandip and Phelps, Corey C. and Kotha, Suresh, Search and Integration in External Venturing: An Inductive Examination of Corporate Venture Capital Units (April 17, 2015). Strategic Entrepreneurship Journal, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2595673

Sandip Basu (Contact Author)

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

NY
United States

Corey C. Phelps

McGill University ( email )

1001 Sherbrooke St. W
Montreal, Quebec H3A 1G5
Canada

Suresh Kotha

Foster School of Business ( email )

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

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
55
Abstract Views
607
rank
390,596
PlumX Metrics