Innovation and business growth through corporate venturing in Latin America: Analysis of strategic fit

Management Decision

Volumn 44, Issue 5, 2006, Pages 703-718

  Rajagopal, ^a  

^a SCHOOL OF ENGINEERING AND SCIENCES   (Mexico)

Author keywords

Business performance; Corporate strategy; Corporate ventures; Finance; Innovation

Indexed keywords

EID: 33646938980     PISSN: 00251747     EISSN: None     Source Type: Journal    
DOI: 10.1108/00251740610668932     Document Type: Article

References (55)

1. Albrinck, J., Hornery, J., Kletter, D. and Neilson, G. 2001 "Adventures in corporate venturing", Strategy and Business, Vol. 22, pp. 119-29.
2. Arrow, K.J. 1982 Innovation in Large and Small Firms, Price Institute of Entrepreneurial Studies, New York, NY.
3. Baden-Fuller, C. (1995), "Strategic innovation, corporate entrepreneurship and matching outside-in to inside-out approaches to strategy research", British Journal of Management, Vol. 6 (Special issue), pp. S3-S16.
4. Biggadyke, R. (1979), "The risky business diversification", Harvard Business Review, Vol. 57, pp. 103-11.
5. Block, Z. (1982), "Can corporate venturing succeed?", The Journal of Business Strategy, Vol. 3 No. 2, pp. 21-34.
6. Block, Z. and MacMillan, I.C. (1993), Corporate Venturing: Creating New Business within the Firm, Harvard Business School Press, Cambridge, MA.
7. Block, Z. and Ornati, O.A. (1987), "Compensating corporate venture managers", Journal of Business Venturing, Vol. 2 No. 1, pp. 41-51.
8. Burgelman, R.A. (1983), "A process model of internal corporate venturing in the diversified major firm", Administrative Science Quarterly, Vol. 28, pp. 223-44.
9. Burgelman, R.A. (1985), "Managing the new venture division: research finding and implications for strategic management", Strategic Management Journal, Vol. 6 No. 1, pp. 39-54.
10. Cassiolato, J.E. and Lastres, H. (2000), "Local systems of innovation in MERCOSUR countries", Industry and Innovation, Vol. 7 No. 1, pp. 33-53.
11. Chesbrough, H.W. (2002), "Making sense of corporate venture capital", Harvard Business Review, Ref. R0203G, March, pp. 1-8.
12. Cooper, A.C. (1979), "Strategic management: New ventures and small business", in Schendel, D.E. and Hofer, C.W. (Eds), Strategic Management: A New View of Business Policy and Planning, Little, Brown & Company, Boston, MA.
13. Covin, J.G. and Selvin, D.P. (1994), "Corporate entrepreneurship in high and low technology industries: A comparison of strategic variables, strategy patterns and performance in global markets", Journal of Euromarketing, Vol. 3 No. 3, pp. 99-127.
14. Day, D.L. (1994), "Raising radicals: Different processes for championing innovative corporate ventures", Organization Science, Vol. 5 No. 2, pp. 148-72.
15. Dougherty, D. (1995), "Managing your core incompetencies for corporate venturing", Entrepreneurship - Theory and Practice, Vol. 19 No. 3, pp. 113-35.
16. Elfring, T. and Nicolai, F.J. (1997), "Corporate renewal through internal venturing spin-offs: Perspectives from organizational economics", working paper, Copenhagen Business School, Copenhagen.
17. Gaurd, R. and Van de Ven, A.H. (1992), "An empirical evaluation of the internal corporate venturing process", Strategic Management Journal, Vol. 13 (Special issue), pp. 93-109.
18. Ghandour, A.F., Swartz, P., Grenek, H.M. and Roberts, E.B. (2004), "E-business transformation vial alliance clusters", Technology Analysis and Strategic Management, Vol. 16 No. 4, pp. 435-55.
19. Ghemawat, P. (1991), Commitment: The Dynamics of Strategy, Free Press, New York, NY.
20. Gills, C. and de Bettignies, J.-E. (2003), "Corporate venture capital: The upside of failure and competition for talent", CEPR discussion paper No. 4139, Centre for Economic Policy Research, London.
21. Ginsberg, A. and Hay, M. (1994), "Confronting the challenges of corporate entrepreneurship: Guidelines for venture managers" European Management Journal, Vol. 12 No. 2, pp. 382-9.
22. Gleason, K.C., Knowles, L., Mathur, I. and Haar, J. (1999), The International Trade Journal, Vol. 13 No. 3, pp. 273-91.
23. Gompers, P.A. (2002), "Corporations and the financing of innovation: The corporate venturing experience", Economic Review, Vol. 4, pp. 1-17.
24. Gompers, P.A. and Lerner, J. (1999), The Venture Capital Cycle, MIT Press, Cambridge, MA.
25. Gompers, P.A. and Lerner, J. (2001), "The venture capital revolution", Journal of Economic Perspectives, Vol. 15 No. 2, pp. 145-69.
26. Guth, W.D. and Ginsberg, A. (1990), "Guest Editor's introduction: Corporate entrepreneurship", Strategic Management Journal, Vol. 11 No. (Special issue), pp. 5-15.
27. Jones, G. and Kraft, A. (2004), "Corporate venturing: The origins of Unilever's pregnancy test", Business History, Vol. 46 No. 1, pp. 100-22.
28. Katz, J. (2004), "Market-oriented reforms, globalization and the recent transformation of Latin American innovation systems", Oxford University Studies, Vol. 32 No. 3, pp. 373-87.
29. Keil, T. (2004), "Building external corporate venturing capability", Journal of Management Studies, Vol. 41 No. 5, pp. 799-825.
30. Kogut, B. and Zander, U. (1993), "Knowledge of the firm and the evolutionary theory of the multinational corporations", Journal of International Business Studies, Vol. 24 No. 4, pp. 625-45.
31. Lengnick-Hall, C.A. (1992), "Strategic configurations and designs for corporate entrepreneurship: Exploring the relationship between cohesiveness and performance", Journal of Engineering and Technology Management, Vol. 9 No. 2, pp. 127-54.
32. McGrath, R.G., Venkataraman, S. and MacMillan, I.C. (1994), "The advantage chain: Antecedents to rents from internal corporate ventures", Journal of Business Venturing, Vol. 9 No. 5, pp. 351-69.
33. Macmillan, I.C., Block, Z. and Narasimha Subba, P.N. (1986), "Corporate venturing alternatives, obstacles encountered and experience effect", Journal of Business Venturing, Vol. 1 No. 2, pp. 171-91.
34. McNally, K. (1997), Corporate Venture Capital: Bridging the Equity Gap in the Small Business Sector, Routledge, London.
35. Markham, S.K., Gentry, S.T., Hume, D., Ramachandran, R. and Kingon, A.I. (2005), "Strategies and tactics for external corporate venturing", Technology Management, Vol. 48 No. 2, pp. 49-59.
36. Martinez-Solano, L. and Phelps, N.A. (2003), "The technological activities of EU-MNEs in Mexico", International Planning Studies, Vol. 8 No. 1, pp. 53-75.
37. Miller, A., Spann, M.S. and Lerner, L. (1991), "Competitive advantages in new corporate ventures: The impact of resource sharing and reporting level", Journal of Business Venturing, Vol. 6 No. 5, pp. 335-50.
38. Miller, D. and Toulouse, J.M. (1986), "Strategy structure, CEO personality and performance in small firms", American Journal of Small Business, Vol. 10 No. 3, pp. 47-62.
39. Moreno, P. (2005), "Ecotourism along the Meso-American Caribbean Reef: the impact of foreign investment", Human Ecology, Vol. 33 No. 2, pp. 217-44.
40. Robert E.B. (1980) "New ventures for corporate growth", Harvard Business Review, Ref. 80411, July, pp. 1-8.
41. Schrader, R.C. and Simon, M. (1997), "Corporate versus independent new ventures: resource, strategy and performance differences", Journal of Business Venturing, Vol. 12 No. 1, pp. 47-66.
42. Simon, M., Houghton, S.M. and Gurney, J. (1999), "Succeeding at internal corporate venturing: Roles needed to balance autonomy and control", Journal of Applied Management Studies, Vol. 8 No. 2, pp. 145-59.
43. Sorrentino, M. and Williams, M.L. (1995), "Relatedness and corporate venturing: Does it really matter?", Journal of Business Venturing, Vol. 10 No. 1, pp. 59-73.
44. Suarez, F.F. and Lanzolla, G. (2005), "The half truth of first mover advantage", Harvard Business Review, Vol. Ref R 0504J, April, pp. 1-8.
45. Sykes, H.B. (1986), "The anatomy of a corporate venturing program: factors influencing success", Journal of Business Venturing, Vol. 1 No. 3, pp. 274-93.
46. Teegen, H.J. and Doh, J.P. (2002), "US-Mexican business alliance negotiations: Impact of culture on authority, trust and performance", working paper, Center for Latin American Issues, George Washington University, Washington DC, April, pp. 1-43.
47. Tidd, J. and Barnes, S. (2000), "Spin-in or spin-out? Corporate venturing in life sciences", The International Journal of Entrepreneurship and Innovation, Vol. 1 No. 2, pp. 109-16.
48. Tsai, W.M., MacMillan, I.C. and Low, M.B. (1991), "Effects of strategy and environment on corporate venture success in industrial markets", Journal of Business Venturing, Vol. 6 No. 1, pp. 9-28.
49. Tushman, M. and Nadler, D. (1986), "Organizing for innovation", California Management Review, Vol. 3 No. 1, pp. 73-84.
50. Von Hippel, E. (1977), "Successful and failing internal corporate ventures: An empirical analysis", Industrial Marketing Management, Vol. 6, pp. 163-74.
51. Waldkrich, A. (2003), "The new regionalism and foreign direct investment: The case of Mexico", Journal of International Trade and Economic Development, Vol. 12 No. 2, pp. 151-84.
52. Zahra, S.A. (1991), "Predictors and financial outcomes of corporate entrepreneurship: An exploratory study", Journal of Business Venturing, Vol. 6 No. 4, pp. 259-85.
53. Zahra, S.A. (1993), "Environment, corporate entrepreneurship and financial performance: a taxonomic approach", Journal of Business Venturing, Vol. 8 No. 4, pp. 319-40.
54. Zahra, S.A. (1996), "Governance, ownership and corporate entrepreneurship the moderating impact of industry's technological opportunities", Academy of Management Journal, Vol. 39 No. 6, pp. 1713-35.
55. Zahra, S.A. and Covin, J.G. (1995), "Contextual influence on corporate entrepreneurship performance relationship: A longitudinal analysis" Journal of Business Venturing, Vol. 10 No. 1, pp. 43-58.