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Technology sourcing ambidexterity in corporate venture capital: limitations of learning from open innovation

Author

Listed:
  • Sergey Alexander Anokhin

    (University of Louisville)

  • Manuel Hess

    (Grenoble Ecole de Management)

  • Joakim Wincent

    (University of St. Gallen
    Hanken School of Economics)

Abstract

In the rapidly evolving landscape of open innovation, understanding the dynamics of learning is pivotal for corporate success. Yet, the constraints and thresholds inherent in the novel technology sourcing processes remain under-explored. We study 163 firms during the third wave of corporate venture capital activity characterized by the primary focus on innovation to investigate the effects of technology sourcing ambidexterity (the simultaneous pursuit of internal and external sources of innovative ideas) on corporate patenting and realized innovation. Acknowledging limitations of organizational learning, our results indicate the presence of the inverted U-shaped relationship between technology sourcing ambidexterity and innovation and suggest that beyond a certain threshold, increases in ambidexterity are detrimental to organizational learning and corporate innovation because boundary conditions to experimentation as a key element to learning arise. Such restrictions are alleviated by organizational slack, which enhances organizational abilities to orchestrate resources and take calculated risks to go beyond existing internal competencies.

Suggested Citation

  • Sergey Alexander Anokhin & Manuel Hess & Joakim Wincent, 2025. "Technology sourcing ambidexterity in corporate venture capital: limitations of learning from open innovation," Small Business Economics, Springer, vol. 64(1), pages 239-258, January.
    • Handle: RePEc:kap:sbusec:v:64:y:2025:i:1:d:10.1007_s11187-024-00900-8
    DOI: 10.1007/s11187-024-00900-8
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    More about this item

    Keywords

    Technology sourcing ambidexterity; Corporate venture capital; Corporate innovation; Experimentation; Slack resources; Organizational learning;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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