Learning Objectives and Uncertainty Resolution: An Examination of the Structure of Corporate Venture Capital Relationships

The search for external knowledge must necessarily be accompanied by effective organizational learning. The effectiveness of learning is dependent on quite dissimilar factors based on whether the learning objective is explorative or exploitative. Moreover, different types of uncertainty become salient with these two contrasting objectives, and need to be resolved in opposite ways. In the context of Corporate Venture Capital investments, investors seeking to explore were found to structure the timing and level of investment quite differently from investors seeking to exploit. Certain attributes of the investment which the investor has little control over, moderate these relationships.

Published in:
Frontiers of Entrepreneurship Research, 429-442
Recipient of the Steven's Institute of Technology, Wesley J. Howe award for Excellence in Research on the Topic of Corporate Entrepreneurship at the Babson Kauffman Entrepreneurship Research Conference (BKERC) 2005

 Record created 2009-06-16, last modified 2018-03-17

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