Kulatilaka, Nalin ; Toschi, Laura
(2009)
An integration of the resource based view and the real options Theory for Investiments in Outside Opportunities.
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Abstract
There is a growing trend by established firms to use a multitude of External Corporate Venturing (ECV) mechanisms to acquire external innovations. In this paper, we develop a framework within which firms choose ECV mechanisms that are best aligned with characteristics of the external opportunity and the firm’s internal capabilities. Our approach integrates the Resource-based View of the firm with Real Options theory and draws on insights derived from interviews with managers.
Abstract
There is a growing trend by established firms to use a multitude of External Corporate Venturing (ECV) mechanisms to acquire external innovations. In this paper, we develop a framework within which firms choose ECV mechanisms that are best aligned with characteristics of the external opportunity and the firm’s internal capabilities. Our approach integrates the Resource-based View of the firm with Real Options theory and draws on insights derived from interviews with managers.
Document type
Article
Creators
Keywords
External Corporate Venturing, Strategic Real Options, Resource-based View, Value Creation
Subjects
DOI
Deposit date
19 Jan 2010 10:50
Last modified
16 May 2011 12:12
URI
Other metadata
Document type
Article
Creators
Keywords
External Corporate Venturing, Strategic Real Options, Resource-based View, Value Creation
Subjects
DOI
Deposit date
19 Jan 2010 10:50
Last modified
16 May 2011 12:12
URI
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