Corporate Venturing: How Much Autonomy Will Maximize Impact?
The IESE Insight website website reported on a new study on how companies can best maximize the impact from corporate venturing. Chief innovation officers know that corporate venturing — the collaboration between established firms and innovative startups — can yield strong results. Its implementation, however — especially finding the right balance between autonomy and control — can prove challenging. The study pulls from the experiences of a number of companies to shed light on getting that balance right. The goal is not only to maximize the innovation produced but also the value for the parent company. Collaborations with startups go beyond corporate venture capital, autonomy is not merely a matter of location, and financial figures are not the only way to measure progress.
Click here to read the study.