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Uncertainty about the future requires companies to create discontinuous innovations. Established companies, however, struggle to do so; whereas independent startups seem to better cope with this. Consequently, established companies set up entrepreneurial initiatives to make use of startups' benefits. Consequently, this led-amongst others-to great interest in socalled corporate entrepreneurship (CE) programs and to the development and characterization of several different forms. Their processes to achieve certain objectives, yet, are still rather ineffective. Thus, considerations of the actions performed in preparation for and during CE programs could be one approach to improve this but are still absent today. Furthermore, the increasing use of several CE programs in parallel seems to bear the potential for synergies and, thus, more efficient use of resources. Aiming to provide insights to both issues, this study analyzes actions of CE programs, by looking at interviews with managers of seven corporate incubators and accelerator programs of five established German tech-companies.
Forschungsfrage: Welche Rollen lassen sich in Corporate Entrepreneurship identifizieren? Wie unterscheiden sich diese anhand verschiedener Merkmale und welche Fähigkeiten scheinen besonders relevant für ihre erfolgreiche Ausführung?
Methodik: Explorative Studie mit 56 semi-strukturierten Interviews mit Corporate-Entrepreneurship-Aktivitäten im DACH-Raum
Praktische Implikationen: Ein genaues Verständnis über die jeweiligen Rollen, ihre Unterschiedlichkeiten und Anforderungen ist notwendig, um die verschiedenen Corporate-Entrepreneurship-Aktivitäten mit passendem Personal zu besetzen.
The business model canvas (BMC) and the lean start-up manifesto (LSM) have been changing both the entrepreneurial education and, on the practical side, the mindset in setting up innovative ventures since the burst of the dot-com bubble. However, few empirical insights on the business model implementation patterns that distinguish between digital and non-digital innovative ventures exist. Connecting practical management tools to network theory as well as to the theory of organizational learning, this paper investigates evolution patterns of digital and non-digital business models out of the deal flow of an innovation intermediary. For this purpose, a multi-dimensional quantitative content analysis research design is applied to 242 ventures' business plans. The measured strength of transaction relations to customers, suppliers, people, and financiers has been combined with performance indicators of the sampled ventures. The results indicate that in order to succeed, digital ventures iterate their business on the market early and search for investment afterwards. Contrariwise, non-digital ventures already need financial investments in the early stages to set up a product ready to be tested on the market. In both groups we found strong evidence that specific evolutionary patterns relate to higher rates of success.
We provide an overview of the ongoing discussions on the objectives of the energy transition in the form of a conceptual framework, intending to facilitate the search for the most viable options for a successful transformation of the energy system. For this purpose, we examine the development of energy policy goals in Germany in the past and present, whereby we give an overview of objectives and assessment approaches from politics, economics, and science. Moreover, we then merge the different views into a common framework and analyze the central conflict between the wholeness of a hypothetical target circle and the simplification in favor of a hypothetical target point in more detail.
The organizational capability to adapt to the fast and radical changes of market parameters becomes a prerequisite for companies’ long-term survival. In this context, organizational ambidexterity has gained much attention in research and practice. It is the capability to develop new businesses (exploration) while simultaneously optimizing the existing core businesses (exploitation). Established companies face several challenges in achieving this capability, as the underlying learning modes of exploration and exploitation are mutually incompatible. One way to solve these challenges is to separate the exploration-oriented part from the core organization. Corporate venturing has been widely recognized as one tool to create these dual structures to develop new businesses, based on discontinuous innovation. In recent times, new corporate venturing forms emerge in practice. This growing number of different forms has led to new applications of corporate venturing which go beyond the pure development of new businesses, toward supporting the entrepreneurial transformation of companies. This study aims at answering how different corporate venturing forms contribute to the strategic renewal of established companies. For this purpose, qualitative research methods are used to analyze data from 17 interviews conducted in two German high-tech companies. The study at hand provides empirical evidence in the field of corporate venturing by uncovering new insights about the different transformational effects of corporate venturing initiatives on the core organization. It further reveals that corporate venturing forms can be classified into two categories according to their respective level of entrepreneurship and frequency of execution. Both categories exhibit different transformational effects and can be understood as being complementary to each other.
Energiewende in Deutschland
(2021)
Das Buch thematisiert die Energiewende in Deutschland aus unterschiedlichen Blick-winkeln. Im Zentrum stehen Anwendungen verschiedener ökonomischer Ansätze (traditionelle industrie- und institutionenökonomische und neuere, insbesondere evolutorisch-systemische). Nach einem historischen Abriss und einem Blick auf die Governance-Herausforderungen werden wesentliche aktuelle Aspekte der Energie-wende diskutiert sowie die vielfältigen Herausforderungen und potentielle Lösungs-optionen aufgezeigt. Auf dieser Basis erfolgt eine Darlegung der aktuellen Phase mit der Sektorkopplung im Mittelpunkt und ein Ausblick auf zukünftige Phasen. Abschließend werden die Möglichkeiten und Grenzen einer deutschen Vorreiterrolle bei der Energiewende diskutiert.
Entrepreneurial employees
(2019)
Volatile markets and accelerating innovation cycles progressively force established companies to adopt alternative innovation strategies such as entrepreneurship. Due to the key role entrepreneurial employees play for strengthening the company's abilities for innovation and change, various concepts have emerged like corporate entrepreneurship or intrapreneurship. While the extant literature has increasingly examined only specific issues of entrepreneurial employees, an overall view on it lacks investigation. Therefore, the purpose of this paper is to structurally present current research on entrepreneurial employees by conducting a broad systematic literature review. The resulting research streams contribute to a clearer justification for future research and are a first step towards a comprehensive research view related to intrapreneurship.
Entrepreneurial motivations have become a frequently discussed topic in entrepreneurship research. However, few studies investigated entrepreneurs' motivation across gender and different venture types and tend to rely on surveys or case studies. By using a text mining approach, we investigate if there are differences between male and female entrepreneurs' motivation and if female entrepreneurs' motivation differs across different venture types. This text mining approach in combination with a qualitative content analysis was used to examine unique motivational data from 472 entrepreneurial projects from three different entrepreneurship support programs in Norway and Sweden. Findings suggest that motivation of female and male entrepreneurs differ only slightly, while motivation of female entrepreneurs differs according to the different venture types. We thus contribute to a better understanding of entrepreneurial motivation and to a better understanding of why female entrepreneurs start a business. This can, for instance, benefit the improvement of future female entrepreneurship support programs.
Evaluation of tech ventures’ evolving business models: rules for performance-related classification
(2022)
At the early stage of a successful tech venture's life cycle, it is assumed that the business model will evolve to higher quality over time. However, there are few empirical insights into business model evolution patterns for the performance-related classification of early-stage tech ventures. We created relevant variables evaluating the evolution of the venture-centric network and the technological proposition of both digital and non-digital ventures' business models using the text of submissions to the official business plan award in the German State of Baden-Württemberg between 2006 and 2012. Applying a principal component analysis/rough set theory mixed methodology, we explore performance-related business model classification rules in the heterogeneous sample of business plans. We find that ventures need to demonstrate real interactions with their customers' needs to survive. The distinguishing success rules are related to patent applications, risk capital, and scaling of the organisation. The rules help practitioners to classify business models in a way that allows them to prioritise action for performance.