Internal corporate venturing is concerned with how to encourage and manage new, entrepreneurial businesses whilst aligning them to the larger company’s existing activities. They might be managed separately from the mainstream activity and eventually they might be ‘spun off’. Internal corporate venturing needs to be distinguished from external corporate venturing which is about acquiring other, usually smaller, companies that have innovations that the acquiring company wishes to own (covered in Chapter 11). Intrapreneurship is one aspect of internal corporate venturing that has gained prominence and, indeed, it is an important strategic tool for the entrepreneurial organization seeking to encourage innovation. It can be practised both individually and in teams.
Swipe to navigate through the chapters of this book
Please log in to get access to this content
- Encouraging Intrapreneurship and Corporate Venturing
- Macmillan Education UK
- Sequence number
- Chapter number
- Chapter 8