Are the Dynamics of Innovation Changing?
At the Total Executive blog, the author cites the 2006 Sloan Management Review article Extracting Value from Corporate Venturing authored by Rita Gunther McGrath, Thomas Keil and Taina Tukiainen: “Executives wax and wane in their enthusiasm for launching new ventures outside an organization’s core business. In their more enthusiastic moments, leaders often see corporate venturing initiatives as sources of organic growth and vitally important engines of renewal. However, in their more disenchanted periods executives may see new ventures as high-risk, foolhardy distractions from effectively running the core business. What’s more, such pessimism isn’t wrong. Corporate ventures are risky and they usually do not produce hoped-for results.” To read the entire blog, click here.
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