The Interdependence of Planning and Learning among Internal Corporate Ventures

The novelty of new business domains demands that internal corporate ventures (ICVs) exhibit an ability to learn over the course of the venture's development. Nonetheless, ICV learning proficiency may be differentially related to venture performance as a function how various aspects of business...

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Bibliographic Details
Published inEntrepreneurship theory and practice Vol. 42; no. 4; pp. 537 - 570
Main Authors Covin, Jeffrey G., Garrett, Robert P., Gupta, Jyoti P., Kuratko, Donald F., Shepherd, Dean A.
Format Journal Article
LanguageEnglish
Published Los Angeles, CA SAGE Publications 01.07.2018
SAGE PUBLICATIONS, INC
Subjects
Business planning
Competence
Interdependence
Learning
Ventures
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Summary:The novelty of new business domains demands that internal corporate ventures (ICVs) exhibit an ability to learn over the course of the venture's development. Nonetheless, ICV learning proficiency may be differentially related to venture performance as a function how various aspects of business planning for the venture are initially approached and evolve. Results from the current research indicate that ICV learning proficiency is more positively related to venture performance when the ICV's initial value propositions are unclear and when the ICV's goals do not extensively evolve over the course of the venture's development.
ISSN:1042-2587
1540-6520
DOI:10.1177/1042258718783430