The Influence of Exploration on External Corporate Venturing Activity

Titus, Varkey; House, Jenny M.; Covin, Jeffrey G.

doi:10.1177/0149206314562426

Cited by 54 publications

(48 citation statements)

References 81 publications

(157 reference statements)

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“…As a form of corporate entrepreneurship, venturing can either be internal or external depending on where the idea and resources come from and if the venture is created and positioned inside or outside an established business (Basu et al, 2016; Corbett et al, 2013; Miles and Covin, 2002; Reimsbach and Hauschild, 2012; Titus Jr et al, 2017). Our study focuses on external venturing.…”

Section: Guiding Theorymentioning

confidence: 99%

Next Generation External Venturing Practices in Family Owned Businesses

Ramírez‐Pasillas

Lundberg

Nordqvist

2020

J Management Studies

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Drawing on an Entrepreneurship as Practice (EaP) approach, this article examines how next generation members in family owned businesses (FOBs) engage in external venturing. Our study builds on longitudinal qualitative research in two Mexican FOBs where the next generation launched ten ventures. It reveals five different practices of external venturing used by next generation family members: ‘obtaining family approval’, ‘bypassing family’, ‘family venture mimicking’, ‘jockeying in family’, and ‘jockeying around family’. The five practices are combined into three routes for external venturing: ‘imitating the family business’, ‘splitting the family business’, and ‘surpassing the family business’. Building on notions from Michel de Certeau’s practice theory, this study contributes to theorizing the five practices as ways of operating and the routes as modes of sensing to better understand how next generation family members deal with settings featured by dominant orders within the family and the FOB in their attempts to originate and launch their new ventures.

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Section: Guiding Theorymentioning

confidence: 99%

Next Generation External Venturing Practices in Family Owned Businesses

Ramírez‐Pasillas

Lundberg

Nordqvist

2020

J Management Studies

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“…. External corporate venturing as a means for acquiring new innovations (Basu, Phelps, & Kotha, 2016;Titus, House, & Covin, 2017). .…”

Section: Emerging Topics In Cementioning

confidence: 99%

Corporate Entrepreneurship: A Critical Challenge for Educators and Researchers

Kuratko

Morris

2018

Entrepreneurship Education and Pedagogy

101

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The world is in the midst of a new wave of technological disruption with entrepreneurship and innovation as the catalysts. Yet, organizations struggle with the proper strategies to initiate innovative activity among their people. Corporate entrepreneurship (CE) is a term used to describe entrepreneurial behavior inside established midsized and large organizations. The value of CE lies in the extent to which it becomes a strategy to engage in an ongoing process of entrepreneurial actions to achieve a competitive advantage. Moreover, a lack of innovative (or entrepreneurial) actions in today's global economy could be a recipe for failure. Because the next generation of business students will be focusing on major corporations for initial positions, this article examines the domain of CE, how pedagogy can be developed for the classroom, and the emerging future topics that demonstrate the continuing importance of CE for teaching and research.

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“…9-R&D Expenses", total R&D expenses should include all expenditures directly ascribed to R&D activities, as well as expenses that can reasonably be allocated to such activities. Therefore, in this study, we used internally-sourced R&D investment and externally-sourced R&D investment as the indicators of total R&D expenses [4,81,82].…”

Section: Measurement Of Variablesmentioning

confidence: 99%

How Does R&D Investment Affect the Financial Performance of Cultural and Creative Enterprises? The Moderating Effect of Actual Controller

2019

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R&D investment has a sophisticated correlation with the financial performance of cultural and creative enterprises. In this study, using the panel data of listed cultural and creative enterprises in China from 2011 to 2013, we found that R&D investment has positive impacts on financial performance in both the current and the lag periods. However, these positive impacts are moderated by actual controllers. More specifically, there is a positive moderating effect on enterprises’ financial performance when the central government is the actual controller. On the other hand, there is no evident effect when the actual controller is a local government or a state-owned enterprise, and there is a clear negative moderating effect on financial performance when a natural person is the actual controller. Given these findings, we argue that local governments and state-owned enterprises should improve their long-term strategies for the cultural and creative enterprises they control and reduce actions forced by short-term economic goals. Additionally, local governments and state-owned enterprises should fundamentally stress the role of R&D in order to handle the pressure of increasingly keen competition from international companies’ technological innovation programs.

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The Influence of Exploration on External Corporate Venturing Activity

Cited by 54 publications

References 81 publications

Next Generation External Venturing Practices in Family Owned Businesses

Next Generation External Venturing Practices in Family Owned Businesses

Corporate Entrepreneurship: A Critical Challenge for Educators and Researchers

How Does R&D Investment Affect the Financial Performance of Cultural and Creative Enterprises? The Moderating Effect of Actual Controller

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