The Impact of Corporate Venture Capital

Potentials of Competitive Advantages for the Investing Company
Softcover Nachdruck of the original 1. Auflage 2003
ISBN: 978-3-8244-7776-0
Verlag: Deutscher Universitätsverlag

Buch, Englisch, 296 Seiten, Format (B × H): 148 mm x 210 mm, Gewicht: 416 g

During the venture capital boom, the use of Corporate Venture Capital (CVC) reached unprecedented levels, but it has been going down fast recently.

Timo B. Poser discusses the question if Corporate Venture Capital has the potential to create a lasting impact on the investing company's success. Based on the resource-based view of competitive advantage, he develops a conceptual CVC-Impact-Model and tests its applicability in four case studies. The author shows that Corporate Venture Capital offers a broad set of advantages, but has a limited impact on sustainable competitive advantage of the investing firm.

Zielgruppe

Research

Autoren/Hrsg.

Poser, Timo B.

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensführung
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing

Inhaltsverzeichnis

1. Introduction.- 1.1. Relevance of topic.- 1.2. Open issues and research objective.- 1.3. Structure and Approach.- 2. Theoretical foundation.- 2.1. Sustainable competitive advantage.- 2.2. Venture capital.- 2.3. Corporate Venture Capital: definition and objectives.- 2.4. Corporate Venture Capital process.- 2.5. Process of setting up Corporate Venture Capital activities.- 2.6. Process of running Corporate Venture Capital activities.- 2.7. Challenges for generating benefits through Corporate Venture capital.- 2.8. Overview of previous research on Corporate Venture Capital.- 3. CVC-Impact-Model.- 3.1. CVC-Impact-Model: linking CVC to sustainable competitive advantage.- 3.2. Operationalizing the CVC-Impact-Model.- 3.3. Critical activities for impacting sustainable competitive advantage.- 4. Case studies.- 4.1. Research approach.- 4.2. Company background.- 4.3. CVC activity.- 4.4. Targeted and realized benefits.- 4.5. Potential impact on sustainable competitive advantage.- 4.6. CVC challenges.- 4.7. Overall applicability.- 5. Summary.- 5.1. Implications for research.- 5.2. Implications for management.- 5.3. Limitations and outlook.- Appendix — Questionnaire.

Über Autor(innen)

Dr. Timo B. Poser promovierte bei Prof. Dr. Klaus Brockhoff am Lehrstuhl für Unternehmenspolitik der Wissenschaftlichen Hochschule für Unternehmensführung (WHU) in Vallendar. Er ist als Inhouse Consultant bei BMW tätig.