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Les grands groupes et l’innovation:définitions et enjeux du Corporate Venture

Author

Listed:
  • Gilles Garel

    (Université de Marne-la-Vallée)

  • Sébastien Jumel

    (EDF et Université de Marne-la-Vallée)

Abstract

(VF)Le corporate venture consiste à structurer les relations entre un grand groupe et une jeune entreprise innovante soit en acquérant tout ou partie du capital de jeunes entreprises, soit en externalisant certaines entités du groupe pour en faire des entités indépendantes. Alors que le corporate venture s’est fortement développé, encore peu de recherches lui ont été consacrées. Cet article définit le corporate venture, précise les enjeux et les conditions de son développement et structure la littérature, essentiellement nord américaine, qui en traite. Il distingue l’analyse de la performance du corporate venture et celle de ses facteurs clés de succès.(VA) A corporate venture unit manages the various links between in-house and outsourced activities in order to facilitate radical innovation, frequently outside the bounds of traditional job descriptions. Thus the activities of a corporate venture unit can go beyond those of a simple profit centre and may initiate a real entrepreneurial culture within the firm as a result of its relationships with the external business environment, and also outside the enterprise in mobilizing the internal resources. This paper presents the literature which deals with corporate venture and its development. It focuses mainly on performance analysis and on key success factors.

Suggested Citation

  • Gilles Garel & Sébastien Jumel, 2005. "Les grands groupes et l’innovation:définitions et enjeux du Corporate Venture," Revue Finance Contrôle Stratégie, revues.org, vol. 8(4), pages 33-61, December.
    • Handle: RePEc:dij:revfcs:v:8:y:2005:i:q4:p:33-61
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    References listed on IDEAS

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    1. Winters, Terry E. & Murfin, Donald L., 1988. "Venture capital investing for corporate development objectives," Journal of Business Venturing, Elsevier, vol. 3(3), pages 207-222.
    2. Pierre-Jean Benghozi & Florence Charue-Duboc & Christophe Midler, 2000. "Innovation based competition et design systems dynamics," Post-Print hal-00262599, HAL.
    3. Block, Zenas & Ornati, Oscar A., 1987. "Compensating corporate venture managers," Journal of Business Venturing, Elsevier, vol. 2(1), pages 41-51.
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    10. Diana L. Day, 1994. "Raising Radicals: Different Processes for Championing Innovative Corporate Ventures," Organization Science, INFORMS, vol. 5(2), pages 148-172, May.
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    15. Almeida, Paul & Dokko, Gina & Rosenkopf, Lori, 2003. "Startup size and the mechanisms of external learning: increasing opportunity and decreasing ability?," Research Policy, Elsevier, vol. 32(2), pages 301-315, February.
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    More about this item

    Keywords

    corporate venture; innovation; start-up; groupe; entrepreneurship; R&D; large industrial firm; outsourcing.;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other

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