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The Interdependence of Planning and Learning among Internal Corporate Ventures

Author

Listed:
  • Jeffrey G. Covin
  • Robert P. Garrett Jr.
  • Jyoti P. Gupta
  • Donald F. Kuratko
  • Dean A. Shepherd

Abstract

The novelty of new business domains demands that internal corporate ventures (ICVs) exhibit an ability to learn over the course of the venture's development. Nonetheless, ICV learning proficiency may be differentially related to venture performance as a function how various aspects of business planning for the venture are initially approached and evolve. Results from the current research indicate that ICV learning proficiency is more positively related to venture performance when the ICV's initial value propositions are unclear and when the ICV's goals do not extensively evolve over the course of the venture's development.

Suggested Citation

  • Jeffrey G. Covin & Robert P. Garrett Jr. & Jyoti P. Gupta & Donald F. Kuratko & Dean A. Shepherd, 2018. "The Interdependence of Planning and Learning among Internal Corporate Ventures," Entrepreneurship Theory and Practice, , vol. 42(4), pages 537-570, July.
    • Handle: RePEc:sae:entthe:v:42:y:2018:i:4:p:537-570
    DOI: 10.1177/1042258718783430
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    References listed on IDEAS

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    Cited by:

    1. Waldkirch, Matthias & Kammerlander, Nadine & Wiedeler, Conrad, 2021. "Configurations for corporate venture innovation: Investigating the role of the dominant coalition," Journal of Business Venturing, Elsevier, vol. 36(5).
    2. Covin, Jeffrey G. & Garrett, Robert P. & Kuratko, Donald F. & Shepherd, Dean A., 2020. "Short leash or long leash? Parenting style, initial strategic clarity, and the development of venture learning proficiency," Journal of Business Venturing, Elsevier, vol. 35(4).
    3. Dean A. Shepherd & Marc Gruber, 2021. "The Lean Startup Framework: Closing the Academic–Practitioner Divide," Entrepreneurship Theory and Practice, , vol. 45(5), pages 967-998, September.
    4. Jan Lampe & Priscilla Sarai Kraft & Andreas Bausch, 2020. "Mapping the Field of Research on Entrepreneurial Organizations (1937–2016): A Bibliometric Analysis and Research Agenda," Entrepreneurship Theory and Practice, , vol. 44(4), pages 784-816, July.
    5. Jeffrey G. Covin & Robert P. Garrett & Donald F. Kuratko & Mark Bolinger, 2021. "Internal corporate venture planning autonomy, strategic evolution, and venture performance," Small Business Economics, Springer, vol. 56(1), pages 293-310, January.
    6. Jeffrey G. Covin & Robert P. Garrett & Ricarda B. Bouncken & Martin Ratzmann & Malcolm Muhammad, 2024. "Core business prospects and the management of internal corporate ventures," Small Business Economics, Springer, vol. 62(1), pages 435-459, January.
    7. Marvel, Matthew R. & Wolfe, Marcus T. & Kuratko, Donald F., 2020. "Escaping the knowledge corridor: How founder human capital and founder coachability impacts product innovation in new ventures," Journal of Business Venturing, Elsevier, vol. 35(6).
    8. Kliewe, Thorsten & Alfert, Carina & Baaken, Thomas, 2019. "Corporate Venture Management und Entrepreneurial Marketing," PraxisWISSEN Marketing: German Journal of Marketing, AfM – Arbeitsgemeinschaft für Marketing, vol. 4(01/2019), pages 16-31.
    9. Ali Anwar & Nicole Coviello & Maria Rouziou, 2023. "Weathering a Crisis: A Multi-Level Analysis of Resilience in Young Ventures," Entrepreneurship Theory and Practice, , vol. 47(3), pages 864-892, May.

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