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Die Welt um uns herum verändert sich derzeit nachhaltig und tiefgreifend – und das in atemberaubender Geschwindigkeit. Diese Herausforderung als Chance nutzen zu können, erfordert eine neue Qualität von Wandlungsfähigkeit und Veränderungsarbeit in Unternehmen. Die Voraussetzung dafür ist ein differenziertes Verständnis der Treiber dieses (digitalen) Wandels. Dieses Kapitel bietet daher einen strukturierten Überblick über die Treiber digitaler Transformation und die Veränderungen im Unternehmensumfeld, z.B. wie die exponentielle Entwicklung digitaler Optionen einen Wettbewerb um die Monopolisierung der Kundenschnittstelle auslöst und dieser Wandel ganze Industrien radikal verändert (hat). Anhand zahlreicher Erfolgsbeispiele wird dargestellt, wie Unternehmen diesem Wandel begegnen und ihn erfolgreich gestalten können, wie sie beispielsweise die Ökonomie des Plattformwettbewerbs erfolgreich nutzen und den richtigen Zeitpunkt zum Einstieg in neu entstehende Märkte finden. Unsicherheit, Komplexität und Paradoxien sind hier unvermeidbare Begleiterscheinungen, die neue Führungs- und Organisationmodelle – Stichwort: Führung 4.0 oder Digital Leadership – sowie eine neue Form der Veränderungsarbeit notwendig machen. Die Prinzipien dieser Führung 4.0 sowie der notwendige Wandel der Veränderungsarbeit werden dargestellt und die Veränderungsintelligenz als ein empirisch fundiertes und in der Praxis erprobtes Konzept eingeführt.
Der radikale Wandel im Unternehmensumfeld bringt Unsicherheit und Komplexität mit sich. Daher ist ein Paradigmenwechsel im Management gefordert, denn scheinbar bewährte Rezepte funktionieren nicht mehr. Dieses Kapitel zeigt dazu, wie Führung 4.0 oder Digital Leadership die notwendigen dynamischen Fähigkeiten in der Organisation implementiert. Darüber hinaus wird dargestellt, wie eine Kernherausforderung der digitalen Transformation für etablierte Unternehmen gelingen kann – Ambidextrie (Beidhändigkeit) umzusetzen. Anhand zahlreicher Praxisbeispiele wird beschrieben, wie diese Beidhändigkeit – gleichzeitig das Kerngeschäft effizient zu optimieren und durch strategische Innovation in neue Geschäfte zu wachsen – strategische Erneuerung und digitale Transformation ermöglicht. Es wird aufgezeigt, wie die notwendige Unternehmerorientierung (Entrepreneur Orientation) gestärkt und Corporate Entrepreneurship erfolgreich umgesetzt werden kann. Als konkrete Option der Implementierung werden dazu unternehmerische, agile Teams – sogenannte eingebettete Unternehmerteams oder Corporate Start-ups – beschrieben. Auf Basis unserer Befragung von ca. 2000 Tech-Unternehmen und der Auswertung von mehr als 5000 Interviewminuten mit Geschäftsführern und Innovationsverantwortlichen in über 40 Unternehmen werden Empfehlungen zu Aufbau und Führung dieser Teams sowie kritische Erfolgsfaktoren erläutert.
LEGIC Identsystems Ltd
(2017)
Corporate entrepreneurship (CE) supports the strategic renewal of established companies. Corporate venturing represents one key concept of CE that supports companies to strengthen their innovation capabilities. For the successful implementation of corporate ventures dual structures are recommended. The question, how the interface should be designed, plays a crucial role. Although it seems to be an important factor, this aspect requires further attention. One relevant element of the interface design are the different roles of the individuals that are interacting within the interface. This study is based on nine interviews that are representing six internal corporate ventures within one large German corporate from the ICT sector. The results that were mirrored with short case studies of 25 additional companies of the data sample, contribute to a better understanding of the interface design by adding insights about roles in corporate entrepreneurship. This deeper understanding about roles allows to draw conclusions on the interface design from a structural point of view.
Nachhaltiger Unternehmenserfolg erfordert die Umsetzung von Ambidextrie in der Organisation: Das Nebeneinander von effizienter Optimierung im Kerngeschäft und strategischer Innovation und Transformation in neue Geschäftsfelder. „Eingebettete Unternehmerteams“ werden in diesem Kapitel als eine konkrete Form der Implementierung hierzu vorgestellt. Mit kleinen, autonomen und agilen Teams werden iterativ und unternehmerisch neue Geschäftsfelder aufgebaut. Dies verbessert die Innovationsfähigkeiten und Veränderungskompetenzen und unterstützt die notwendige digitale Transformation im Unternehmen. Für solche hybriden Formen der Organisation sind spezielle Rollen und Profile erfolgskritisch: Der angestellte Unternehmer bzw. Corporate Entrepreneur oder Intrapreneur und sein Team. Dieses Kapitel stellt diese Rollen mit den wesentlichen Aufgaben vor und diskutiert detailliert hierfür erfolgskritische Kompetenzen und Charakteristiken sowie das Zusammenspiel im Team. Anhand zahlreicher Praxisbeispiele werden erfolgreiche angestellte Unternehmer beschrieben, sodass für den Leser ein greifbares Bild dieser Rolle und dafür geeigneter Persönlichkeiten entsteht. Darüber hinaus zeigt das Kapitel auf, wie die Einführung und Umsetzung eingebetteter Unternehmerteams das unternehmerische Handeln, Corporate Entrepreneurship in der Organisation und mit alternativen Karrierepfaden auch die Attraktivität als Arbeitsgeber stärkt.
We examine to what extent a transaction relation-based value network maturity status of New Technology-Based Firms (NTBFs) is related to their survival. A specific challenge of NTBFs is their lack of market-orientation, which is why the maturity of the ties they form towards the market in terms of customers, financiers, personnel and partners is supposed to be a strong indicator for survival. We analyze a sample of 170 NTBFs by capturing their value network status from business plans and defining their survival status using secondary research. Simple statistical tests and regressions suggest that the official registration of the business is a pre-step for survival that requires industry-specific value network dimension strengths. A sub-sample survival analysis shows that for all NTBFs that have reached registration, regardless of their industry, a stronger customer value network maturity dimension prevents from failure and is thus a significant predictor for survival. Moreover, the analyses partly support the idea that NTBFs from the IT sector are less dependent on a strong value network in the financier dimension to survive. The results are of relevance for both practitioners and researchers in the innovation system: a better understanding of the factors impacting on NTBF survival can help to provide more tailored support services for young firms, increase the effectiveness of resource allocations, and provide a basis for further research.
Veränderungsintelligenz auf individueller Ebene Teil 2: Persönliche Agilität und agiler führen
(2017)
Die persönliche Agilität von Mitarbeitern und Führungskräften gilt laut verschiedenen Studien als einer der wichtigsten Befähiger für eine agile Organisation. Die individuellen Fähigkeiten, in der sogenannten VUKA-Welt (Volatilität, Unsicherheit, Komplexität, Ambiguität) erfolgreich zu agieren, sind ein wesentlicher Wettbewerbsfaktor für agile Unternehmen sowie ein individueller Karrierefaktor. Das vorliegende Kapitel führt aus, was agile Menschen konkret auszeichnet, wie ein verändertes Führungsverständnis im Kontext von Agilität und digitaler Transformation aussieht (agile Führung, Führung 4.0) und bietet praxisnahe Tipps zur Umsetzung. Die Paradigmenwechsel der VUKA-Welt werden erklärt und die neuen Anforderungen an Mitarbeiter und Führungskräfte aus ihnen abgeleitet. Über die Komponenten des 7-V-Modells (Kapitel 6) hinaus ist für persönliche Agilität ein agiles Mindset und weitere Persönlichkeitsmerkmale und Kompetenzen erforderlich. Diese zusätzlichen Anforderungen, die an agile Mitarbeiter und agile Führungskräfte gestellt werden, werden differenziert nach Agilitätslevel beschrieben. Denn ob ein Mensch in einer ganzheitlich agilen holokratischen Organisation arbeitet oder in einem eher traditionellen hierarchischen Umfeld, das agiler arbeiten möchte, hat großen Einfluss auf die gestellten Anforderungen. Der Leser erhält Tools zur persönlichen Standortbestimmung und viele Anregungen zur Umsetzung im Arbeitsalltag.
Technology-based ventures provide an important route for successful technology transfer [1], [2]. Their founders are supported in successful technology commercialization by innovation intermediaries [3]. Accordingly, the performance of an innovation system, at least to some extent, depends on the efficiency of these intermediaries in terms of the impact of their scarce resources on the survival and growth of technology-based ventures. To increase their efficiency, intermediaries typically optimize their "intake" by requesting a formal business plan to base their selection on as a hygiene factor [4]-[7]. Thus, some scholars argue that written business plans show significant distortion as being produced only to attract support from innovation intermediaries [6], [8]. Accordingly, they rarely serve for these addressees as a source of information for analyzing the strengths and weaknesses of ventures, in order to derive actionable conclusions and more effectively support ventures [9], [10]. Addressees search for different indicators in business plans for their evaluation [11]. The descriptions of these indicators only evince little empirical proof for the performance of technology-based venture's [8], [12]. This gap is herein addressed, in contrast to the lacking empirical insight, as the most frequently produced artifact of early-stage technology ventures is at the same time a written business plan [10], [13]. This paper addresses this gap by conceptualizing transaction relations described in the written business plan as a means for working around the inevitable inaccuracies and uncertainties that delimit the explanatory abilities [14] of the snapshot model [10] presented by a business plan. Using a qualitative content analysis, we derive from the descriptions of transaction relations in a written business plan valid indicators for the maturity of the venture's value-network in different dimensions [15]. To this extent, this paper presents the findings from a pre-study that was conducted based on a sample of forty business plans from an overall population of 800 business plans in a longitudinal sample from one of Europe's most active innovation systems, the regional State of Baden-Württemberg. Such findings may be used by innovation intermediaries to enhance their efficiency, by enabling these to not only derive individual support strategies for business acceleration but also to analyze the impact of support measures by reliably monitoring maturity progress in venture activities.
Excubation
(2015)
Technology commercialization is described as the most dreadful challenge for technology-based entrepreneurs. The scarcity of resources and limited managerial experience make it a daunting task, putting in danger the whole firm emergence. Prior research has often build upon the resource-based view to propose that the new firms' performance is dependent on their initial resource endowments and configurations. Nevertheless, little is known on how the early-stage decisions of the entrepreneur might influence on the growth of the firm. Scholars have suggested that both technology and market orientation actions could influence the performance and growth of firms in this context; nevertheless, there is limited empirical evidence of the influence of these different orientations in the context of new technology-based firms (NTBFs). In this study we propose to explore the influence of technology and demand creation actions adopting a demand-side view. We use a longitudinal study on a panel dataset (2004-2007) with 249 U.S. new high-technology firms to test our hypothesis. The results point towards a rather limited influence of initial resource configurations, as well as an unexpected influence of market and technology orientation in the growth dimensions of an NTBF. The research holds implications for the management of new technology-based firms and for those interested in supporting the development of technology entrepreneurship.
Software startups
(2016)
Software startup companies develop innovative, software-intensive products within limited time frames and with few resources, searching for sustainable and scalable business models. Software startups are quite distinct from traditional mature software companies, but also from micro-, small-, and medium-sized enterprises, introducing new challenges relevant for software engineering research. This paper’s research agenda focuses on software engineering in startups, identifying, in particular, 70+ research questions in the areas of supporting startup engineering activities, startup evolution models and patterns, ecosystems and innovation hubs, human aspects in software startups, applying startup concepts in non-startup environments, and methodologies and theories for startup research. We connect and motivate this research agenda with past studies in software startup research, while pointing out possible future directions. While all authors of this research agenda have their main background in Software Engineering or Computer Science, their interest in software startups broadens the perspective to the challenges, but also to the opportunities that emerge from multi-disciplinary research. Our audience is therefore primarily software engineering researchers, even though we aim at stimulating collaborations and research that crosses disciplinary boundaries. We believe that with this research agenda we cover a wide spectrum of the software startup industry current needs.
Digitale Transformation
(2015)
Strategie der digitalen Ära
(2015)
We have analyzed a pool of 37,839 articles published in 4,404 business-related journals in the entrepreneurship research field using a novel literature review approach that is based on machine learning and text data mining. Most papers have been published in the journals ‘Small Business Economics’, ‘International Journal of Entrepreneurship and Small Business’, and ‘Sustainability’ (Switzerland), while the sum of citations is highest in the ‘Journal of Business Venturing’, ‘Entrepreneurship Theory and Practice’, and ‘Small Business Economics’. We derived 29 overarching themes based on 52 identified clusters. The social entrepreneurship, development, innovation, capital, and economy clusters represent the largest ones among those with high thematic clarity. The most discussed clusters measured by the average number of citations per assigned paper are research, orientation, capital, gender, and growth. Clusters with the highest average growth in publications per year are social entrepreneurship, innovation, development, entrepreneurship education, and (business-) models. Measured by the average yearly citation rate per paper, the thematic cluster ‘research’, mostly containing literature studies, received most attention. The MLR allows for an inclusion of a significantly higher number of publications compared to traditional reviews thus providing a comprehensive, descriptive overview of the whole research field.
In today's volatile world, established companies must be capable of optimizing their core business with incremental innovations while simultaneously developing discontinuous innovations to maintain their long-term competitiveness. Balancing both is a major challenge for companies, since different types of innovation require different organizational structures, operational modes and management styles. Established companies tend to excel in improving their current business through incremental innovations which are closely related to their current knowledge base and competencies. However, this often goes hand in hand with challenges in the exploration of knowledge that is new to the company and that is essential for the development of discontinuous innovations. In this respect, the concept of corporate entrepreneurship is recognized as a way to strengthen the exploration of new knowledge and to support the development of discontinuous innovation. For managing corporate entrepreneurship more effectively, it is crucial to understand which types of knowledge can be created through corporate entrepreneurship and which organizational designs are more suited to gain certain types of knowledge. To answer these questions, this study analyzed 23 semi-structured interviews conducted with established companies that are running such entrepreneurial activities. The results show (1) that three general types of knowledge can be explored through corporate entrepreneurship and (2) that some organizational designs are more suited to explore certain knowledge types than others are.
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.
Die Automobilindustrie steht wirtschaftlich aktuell besser da, als von manchem erwartet. Sie steht aber gleichzeitig großen Herausforderungen gegenüber, denn wir erleben die Überlagerung dreier Transformationen, deren Auswirkungen sich wohl in keinem Markt so gravierend niederschlagen wie in diesem. Um hierbei die Rolle als Leitmarkt zu erhalten, braucht es mehr Veränderungsintelligenz und eine noch höhere Innovationsdynamik. Diese sind mit beidhändigen Organisationen zu erreichen, die die Ambidextrie beherrschen, gleichzeitig das Kerngeschäft zu optimieren und mit strategischer Innovation Zukunft zu erfinden.
Increasing demand for sustainable, resilient, and low-carbon construction materials has highlighted the potential of Compacted Mineral Mixtures (CMMs), which are formulated from various soil types (sand, silt, clay) and recycled mineral waste. This paper presents a comprehensive inter- and transdisciplinary research concept that aims to industrialise and scale up the adoption of CMM-based construction materials and methods, thereby accelerating the construction industry’s systemic transition towards carbon neutrality. By drawing upon the latest advances in soil mechanics, rheology, and automation, we propose the development of a robust material properties database to inform the design and application of CMM-based materials, taking into account their complex, time-dependent behaviour. Advanced soil mechanical tests would be utilised to ensure optimal performance under various loading and ageing conditions. This research has also recognised the importance of context-specific strategies for CMM adoption. We have explored the implications and limitations of implementing the proposed framework in developing countries, particularly where resources may be constrained. We aim to shed light on socio-economic and regulatory aspects that could influence the adoption of these sustainable construction methods. The proposed concept explores how the automated production of CMM-based wall elements can become a fast, competitive, emission-free, and recyclable alternative to traditional masonry and concrete construction techniques. We advocate for the integration of open-source digital platform technologies to enhance data accessibility, processing, and knowledge acquisition; to boost confidence in CMM-based technologies; and to catalyse their widespread adoption. We believe that the transformative potential of this research necessitates a blend of basic and applied investigation using a comprehensive, holistic, and transfer-oriented methodology. Thus, this paper serves to highlight the viability and multiple benefits of CMMs in construction, emphasising their pivotal role in advancing sustainable development and resilience in the built environment.
Text produced by entrepreneurs represents a data source in entrepreneurship research on venture performance and fund-raising success. Manual text coding of single variables is increasingly assisted or replaced by computer-aided text analysis. Yet, for the development of prediction models with several variables, such dictionary-based text analysis methods are less suitable. Natural language processing techniques are an alternative; however, the implementation is more complex and requires substantial programming skills. More work is required to understand how text analytics can advance entrepreneurship research. This study hence experiments with different artificial intelligence methods rooted in Natural Language Processing and deep learning. It uses 766 business plans to train a model for the automated measurement of transaction relations, a construct which is an indicator for new technology-based firm survival. Empirical findings show that the accuracy of construct measurement can be significantly increased with automated methods and improves with larger amounts of training data. Language complexity sets limits to the precision of automated construct measurement though. We therefore recommend a hybrid approach: making use of the inherent advantages of combining automated with human coding until the amount of training data is sufficiently large to substitute the human coding completely. The study provides insights into the applicability of different text analytics methods in entrepreneurship research and points at future research potential.
Despite the increased attention dedicated to research on the antecedents and determinants of new venture survival in entrepreneurship, defining and capturing survival as an outcome represents a challenge in quantitative studies. This paper creates awareness for ventures being inactive while still classified as surviving based on the data available. We describe this as the ‘living dead’ phenomenon, arguing that it yields potential effects on the empirical results of survival studies. Based on a systematic literature review, we find that this issue of inactivity has not been sufficiently considered in previous new venture survival studies. Based on a sample of 501 New Technology-Based Firms, we empirically illustrate that the classification of living dead ventures into either survived or failed can impact the factors determining survival. On this basis, we contribute to an understanding of the issue by defining the ‘living dead’ phenomenon and by proposing recommendations for research practice to solve this issue in survival studies, taking the data source, the period under investigation and the sample size into account.
Female Entrepreneurship has gained interest over the last 20 years. Therefore, this paper analyses 7,320 articles of the research field ‘women in entrepreneurial context’ published in 885 journals. The sample is analyzed by using a machine learning and text mining based methodological approach. Aiming to provide a broad overview over the research literature, 41 clusters and 11 superordinate topics were identified. Major developments of research attention are outlined by analyzing bibliometric data of the period from 2000 to 2020. Overall growth in terms of research attention measured by the development of yearly citations per article is best noticeable in clusters ‘corporate social responsibility’, ‘brand’, and ‘corporate (-governance)’, and in superordinate topics ‘performance’, ‘education’, and ‘corporate (board/ management)’. There are also indicators for an overall increase of research attention and cluster variety. The synthesis provides an insight into most trending superordinate topics. Therefore, this literature review gives a comprehensive and descriptive overview as well as an insight into thematic trend developments of the research field.
Prior quantitative research identified in the text of technology-based ventures' business plans distinctive performance patterns of evolving business models. Accordingly, interactions with customers, financiers, and people and the patenting strategy's status evolved and served as indicators of early-stage tech ventures' performance. With longitudinal data from five venture cases, this research sheds light on the evolving business model by validating the performance patterns, and elucidating how and why the ventures' business models evolved. Based on a generic systems theory framework for the indicators, the explanatory case studies re-contextualize the performance patterns taken from the snapshot perspective of business plans to the longitudinal perspective of technology-based ventures' life-cycle. This research confirms the relation of business model patterns of digital and non-digital ventures to the performance groups of failure, survival, or success and suggests a broader systems perspective for further research.
Corporate Entrepreneurship (CE) has now evolved into an imperative innovation practice of established companies. Despite organizational design models for CE activities and companies' frequent initiation of new activities, effectively managing them remains a challenging endeavor which results in disappointment about the outcomes of CE and its early termination. We assume specific types of goals for CE as one element of this unresolved management issue. While both practice and literature address goals in different contexts, no uniform picture has emerged so far. Although goals are commonly used to categorize CE activities, they seldomly seem to be the core subject of investigation. Based on this preliminary analysis and consolidation, we put the goals of CE in focus. In a systematic literature review, we reveal aspects of goals to unmask the different types of goals and their underlying dimensions and characteristics. Our review contributes to a better understanding of goals by (1) organizing relevant literature on goals of CE in a specific classification process, (2) describing dimensions and attributes for a systematic classification of CE goals; and (3) providing a framework showing differences of goals for the CE context. We conclude with a discussion and hints for future research paths.
Guiding through the Fog
(2021)
Corporate Entrepreneurship (CE) programs are formalized efforts to realize entrepreneurial activities in established companies. Despite the growing and evolving landscape of CE programs, effectively managing them remains a challenging endeavor which results in disappointing outcomes and oftentimes leads to the early termination of such programs. We unmask the differences in goal setting of CE programs and highlight that setting appropriate goals is imperative for their desired outcomes. In practice, companies seem to struggle with the goal setting, and scholars have not yet fully solved the puzzle of goals setting in the context of CE programs either. Therefore, we set out to explore the current state of goal setting in the context of CE programs building upon 61 semi-structured interviews with CE program executives from cross-industry companies with different sizes. Our study contributes to a better understanding of goal setting in the context of CE programs by (1) characterizing the goal setting of CE programs based on goal attributes and goal types and (2) identifying differences among the goal setting of CE programs. We provide implications to practice for a more effective management of CE programs and conclude with a discussion for future research on the impact of the different goal settings.
Technologiebasierte Startups leisten einen wesentlichen Beitrag zur wirtschaftlichen sowie gesellschaftlichen Entwicklung. Im Zuge ihrer Gründung benötigen sie Unterstützung in Form von Risikokapital, das in der Seed- und Early-Stage primär durch Business Angels (BAs) bereitgestellt wird. Die Abläufe und Bewertungskriterien des BA Investmentprozesses sind bisher jedoch unzureichend erforscht. Der vorliegende Beitrag nutzt Experteninterviews im Rahmen einer Fallstudie des baden-württembergischen entrepreneurialen Ökosystems zur Identifikation des Vorgehens von BAs bei der Bewertung und Auswahl technologiebasierter Startups. Zudem werden die Kriterien, nach denen BAs vielversprechende von scheiternden Startups unterscheiden abgeleitet. Somit trägt der Beitrag zur Öffnung der „Black Box” von Investmentaktivitäten in den frühsten Gründungsphasen bei.
Today’s markets are characterized by fast and radical changes, posing an essential challenge to established companies. Startups, yet, seem to be more capable in developing radical innovations to succeed in those volatile markets. Thus, established companies started to experiment with various approaches to implement startup-like structures in their organization. Internal corporate accelerators (ICAs) are a novel form of corporate venturing, aiming to foster bottom-up innovations through intrapreneurship. However, ICAs still lack empirical investigations. This work contributes to a deeper understanding of the interface between the ICA and the core organization and the respective support activities (resource access and support services) that create an innovation-supportive work environment for the intrapreneurial team. The results of this qualitative study, comprising 12 interviews with ICA teams out of two German high-tech companies, show that the resources provided by ICAs differ from the support activities of external accelerators. Further, the study shows that some resources show both supportive as well as obstructive potential for the intrapreneurial teams within the ICA.
New Technology-Based Firms (NTBFs) learn their business in the early-stages of their life-cycle. As a central element of the entrepreneurial learning process, the business model describes the value-creation functions that are conceptualized in different stages of the NTBF’s life-cycle. Transaction relations connect the model with the business reality and ideally mature in strength over time to a functioning value-network. This chapter describes the development of a research design that determines, extracts, and evaluates semantics constructs of this entrepreneurial learning out of a convenient sample and three cohorts of business plans submitted to a business plan award between 2008 and 2010. The analysis shows empirical evidence for the survival and growth of those NTBFs that exhibit a balanced status of entrepreneurial learning in the maturity of the value-network that can be characterized as early startup-stage. The empirical findings of the network theory based business plan analysis will allow for a better explanation of the performance in the entrepreneurial process that is discussed for NTBFs based on theory of organizational learning.
Beidhändig gestalten
(2018)
Corporate entrepreneurship (CE) is experiencing continuously increasing interest from scholars and practitioners. One reason for this seems to be rooted in the organizational structures of established companies, which are cumbersome for implementing organizational agility and for developing radical innovations. In view of the advancing digitalization, however, exactly this is required in order to be successful in the long-term. CE is a promising managerial tool that offers a wide range of options to pursue the creation of new businesses and to support the companies' transformation in order to adapt to changes in the environment. Even though CE offers a broad range of opportunities, the effective management is a challenge. One reason for this is the ambiguity when it comes to the differences between the various CE forms and the objectives that can be achieved by those. This study, which is based on 13 in-depth interviews from eight high-tech companies, contributes to a better understanding of CE by offering a first harmonized set of CE objectives that is suitable to compare and differentiate across the different forms. In addition to that, three CE types, offering a new perspective on how to differentiate CE forms, are identified and give implications for a more effective management.
Business coaching is believed to effectively improve survival and success chances of new technology-based firms (NTBFs). However, not much empirical evidence on the support measure's effectiveness is available. Therefore, a pragmatic two-armed Randomized Controlled Trial (RCT) to test the effect of tactical business coaching on NTBF survival capabilities was designed and, for the most part, carried out. However, due to a lower than expected sample size and great attrition between groups, the RCT reveals deviations from the trial design that impede a thorough data assessment. Based on the data given, a first data analysis does not reveal significant differences in survival capability between the two groups. Thus, to provide guidance for future RCTs in business contexts, lessons learned about how to deal with trickle samples and experiment constellations with third parties carrying out the intervention are drawn.
Corporate Entrepreneurship (CE) became the new paradigm for organizations to cope with the accelerated development of innovations. Therefore, especially established organizations increasingly implement CE activities, even in combination. Scholars point out that a coordinated portfolio of CE activities could yield synergies and thus higher value for the organization and further call for more scientific examinations. This literature review aims to better the understanding of the combined and coordinated use of CE activities as well as about resulting synergies. Results show that there are only very few studies that addressed a combination and/or coordination of CE activities with respect to the creation of additional value, however, without empirical analyses. Yet, five categories of direct and indirect synergies could be derived. Discussing the results as well as the heterogenous use of terminology and concepts, this paper concludes with a research agenda for future analyses.
Corporate venturing is one way for corporations to
introduce strategic renewal into their business portfolios, which is
imperative for ongoing success in innovation-driven industries.
Prior research finds that corporate ventures should be separated
from the mainstream business in loosely coupled sub-units, but
scholars continue to discuss how loose or tight the ventures should
be to balance exploration and exploitation. Hence, the antecedents
for successful venture management are yet to be fully explored and
our study contributes to this effort. The study shows that
corporate venture success is enhanced when corporate
management grants job and strategic autonomy to the venture
managers. This is further amplified when corporate management
simultaneously imposes an exploitative policy that forces venture
managers to prioritize extensions to and improvements of existing
competences and product-market offerings.
Corporate venturing has gained much attention due
to challenges and changes that occur because of discontinuous
innovations – which seem to be promoted by digitalization. In this
context, open innovation has become a promising tool for
established companies to strengthen their innovation capabilities.
While the external opening of the innovation process has gained
much attention, the internal opening lacks on investigations.
Especially new organizational forms, such as Internal Corporate
Accelerators, have not been investigated sufficiently. This study,
which is based on 13 interviews from two German tech-companies,
contributes to a better understanding of this new form of corporate
venturing and the resulting effects on the organizational renewal.