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Use of Corporate Venturing Tools in Manufacturing Industry: A Systematic Literature Review

In: Entrepreneurship in the Digital Era

Author

Listed:
  • Stephan Nebauer

    (Fraunhofer-Institut für Produktionstechnik und Automatisierung IPA)

  • Peter Schrader

    (Fraunhofer-Institut für Produktionstechnik und Automatisierung IPA)

  • Erwin Gross

    (Fraunhofer-Institut für Produktionstechnik und Automatisierung IPA)

  • Thomas Bauernhansl

    (Fraunhofer-Institut für Produktionstechnik und Automatisierung IPA
    Universität Stuttgart Institut für Industrielle Fertigung und Fabrikbetrieb (IFF))

Abstract

The literature review outlines a three-step procedure for analyzing corporate venture (CV) tools in the manufacturing industry. Firstly, a selection of general CV tools from the literature was identified. Secondly, tools specific to the manufacturing industry were derived, and their properties were explained. Lastly, the general tools were compared to the specific tools to identify differences. The analysis produced two key findings. Firstly, six perspectives that influence the development and design of CV instruments in the manufacturing industry were identified. These perspectives included development, resources, financing, innovation, and methods. Secondly, the specific CV tools discussed in the manufacturing industry were identified, as well as those that are currently underrepresented. The analysis provides valuable insights for manufacturing companies that want to invest in start-ups and innovation. By identifying instruments that complement each other and can be combined effectively, companies can better plan and implement their investments, ultimately leading to more successful outcomes. Overall, the article highlights the importance of a systematic approach to analyzing CV tools in the manufacturing industry. The identification of specific tools and their properties, as well as the perspectives that influence their development, can help companies to make informed decisions when investing in start-ups and innovation.

Suggested Citation

  • Stephan Nebauer & Peter Schrader & Erwin Gross & Thomas Bauernhansl, 2023. "Use of Corporate Venturing Tools in Manufacturing Industry: A Systematic Literature Review," Management for Professionals, in: Daniel Schallmo & Jens Pätzmann & Thomas Clauß (ed.), Entrepreneurship in the Digital Era, pages 95-115, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-43188-3_6
    DOI: 10.1007/978-3-031-43188-3_6
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