Keil, tukiainen (2009)

Question 1

Ventures’ main contribution

Answer 1

transfer valuable capabilities to other ventures or the firm’s existing business units. The benefit from investing in ventures was therefore largely independent of their commercial success and proved highly sensitive to the stage of the ventures at which sampling began (an issue in previous studies).

Question 2

The capability life cycle

Answer 2

• Founding stage, initial underpinnings of capability are established
• Development stage, enhancement of capability
• Maturity stage, ending of the capability building

Question 3

Venture outcome of the capability transformation:

Answer 3

1. Spin in, venture was combined with an established business
2. Launched in a new division, venture was combined with others to form a business
3. Spin out, ventures were sold or launched as stand-alone business

Question 4

What did failed ventures provide?

Answer 4

created important capabilities that were subsequently transferred to other parts of the organization.

Question 5

what is the new look at venturing?

Answer 5

If ventures were to be explicitly recognized as incubators for capabilities that will ultimately be useful elsewhere in the firm, then an assessment of their value depends on the worth of the underlying capabilities they hosted.