Exploring the Practice of Evaluation in Corporate Venturing

Cordes, Andreas; Guderian, Carsten C.; Riar, Frederik J. (2021). Exploring the Practice of Evaluation in Corporate Venturing. International Journal of Innovation and Technology Management, 18(05), p. 2150026. World Scienti ̄c Publishing Company 10.1142/S0219877021500267

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Venturing activities have become a cornerstone of corporates’ innovation strategies but remain subject to high failure rates. Failure reasons comprise especially poor evaluation qualities, resulting in sub-optimal resource allocations. In this study, we investigate the practice of evaluation in corporate venturing by analyzing primary data from twenty-one in-depth interviews with managers of internal corporate venturing (ICV) programs. We find that the evaluation elements (1) evaluation dates, (2) evaluation methodologies, and (3) evaluation bodies are not isolated – as often suggested by prior research – but interdependent by determining each other. By developing a better understanding of the specific relationships among the main evaluation elements in ICV programs, we contribute to the corporate venturing literature and provide guidance for practitioners.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Organization and Human Resource Management > Human Resource Management
03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Organization and Human Resource Management

UniBE Contributor:

Riar, Frederik

Subjects:

300 Social sciences, sociology & anthropology
300 Social sciences, sociology & anthropology > 330 Economics
600 Technology > 650 Management & public relations

ISSN:

1793-6950

Publisher:

World Scienti ̄c Publishing Company

Language:

English

Submitter:

Frederik Johannes Riar

Date Deposited:

30 Mar 2022 14:09

Last Modified:

05 Dec 2022 16:13

Publisher DOI:

10.1142/S0219877021500267

URI:

https://boris.unibe.ch/id/eprint/166950

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