Entrepreneurial articles - Keil et al. Gems from the ashes: capability creation and transformation in internal corporate venturing

6 important questions on Entrepreneurial articles - Keil et al. Gems from the ashes: capability creation and transformation in internal corporate venturing

What is the core of the research of Keil et al.?

The indirect performance effects of corporate ventures, in particular, how internal corporate ventures contribute to the management of firms' capability life cycles.

The study of Keil et al. focuses on how this capability creation and transfer process takes place and how a corporation can facilitate the proactive management of capability creation and transformation. To research this, they use the research of Helfat&Peteraf: organizational capabilities develop through 3 stages. Which 3?

1 Founding: in which the initial underpinnings of a capability are established
2 Development: in which the capability is enhanced
3 Maturity: in which the capability is building ends

What are, according to keil et al., internal corporate ventures?

Internally staffed new business development projects. F.e. commercializing technology developed by R&D. They usually include a mandate to develop new capabilities for the parent firm (= founding stage). 
(New capability creation = value creation)
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What is the result of the research of Keil et al.?

To properly estimate the true impact of investments in venturing researchers need to look at the entire population of the firm's venturing activities, need to start examining ventures early, and need to measure capability building and capability transformation activities.

Which two processes does the corporate management manage?

On one hand they manage the ventures with performance targets. On the other hand they manage the capability level (learning of failures) . This must be separated.

Keil researches how to organize new ventures/projects. They suggest not only measure costs/benefits by failure of the venture, but also somewhere else. How?

The importance lies more by the capabilities developed during the venture (individual organiozational capabilities).
This is an example of qualitive, inductive work. The question is: when a venture fails, what positive things are left?

The question on the page originate from the summary of the following study material:

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