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Overview
Major players in the information and communication technology industries have used corporate venture capital, alliances, acquisitions, or spin-offs to achieve remarkable strategic self-renewal. Keil's succinct and readable account shows how. In-depth empirical research clarifies and emphasizes the role that external corporate venturing plays in the acquisition of knowledge and the advancement of corporate strategic capabilities. Keil explores the ways in which external corporate venturing creates access to other means of renewal, controls critical resources, and accelerates the overall growth of organizations.
Keil conceptualizes two main elements of the external venturing process. First, the creation of a shared context bridges the gap between the corporation and the community in which it resides, supporting knowledge transfer and the formation of cognitive intra-corporate frameworks. The second element is the efficient execution of relationships, which allows a rapid development of venturing opportunities. With case studies and lucid explanations, Keil shows how other corporations create and use a variety of connected learning processes to build their own venturing capabilities.
Synopsis
Case studies and lucid explanations illustrate how corporations create and use a variety of connected learning processes to build their own venturing capabilities.
Booknews
Keil (industrial management, Helsinki University of Technology) uses empirical data to clarify the role of external corporate venturing in the acquisition of knowledge and the advancement of strategic capabilities. He describes the relationship between venturing and the access to other means of renewal, resource control, and overall growth. Particular attention is given to identifying the organizational modes and strategic contributions which encourage venturing, and the capabilities that venturing requires. Case studies support the theoretical perspectives. Annotation c. Book News, Inc., Portland, OR (booknews.com)