Internal Corporate Venturing (cont’d)
Venturing: Strategic Behaviors
•Autonomous Strategic Behavior
Implementing Internal Innovations
•To be innovative and develop internal ventures
Cross–Functional Product
Development Teams
•Facilitate integration of activities
associated with different
organizational functions.
Cross–Functional Product
Development Teams (cont’d)
•Product development
stages are grouped into
13–19
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Team
Barriers to Cross-Functional Teams
Effectiveness
•Different orientations and perceptions
–Individuals from separate functions have
Facilitating Integration and Innovation
•Shared Values:
Creating Value through Internal Innovation
Processes
Innovation through
Cooperative Strategies
•Cooperation and integration of knowledge and
resources is required to successfully
Innovation through Acquisitions
•Acquisitions:
–can rapidly extend the product line.
Capital for Entrepreneurial Ventures
•Venture Capital Firms:
–seek high returns on their investment.
Capital for Entrepreneurial Ventures
•Initial Public Offerings (IPOs):
Creating Value through
Strategic Entrepreneurship
•Be effective in identifying opportunities
•Be flexible and willing to take risks