Knowledge management challenges in corporate venturing and technological capability building through radical innovations
Year: 2003
Type: preprint
Abstract: This paper’s focus is on the knowledge management challenges that come along with\ntechnology 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.\nCV activities require a different approach to knowledge management that is predominantly\nfocused on codifying, collecting and distributing knowledge. Knowledge management can\nenhance CV by focusing on experimenting, monitoring and integrating. As a result,\nknowledge management requires a contingency approach tailoring knowledge management\nactivities to the specific tasks of the CV.
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1881994880