Based on a combination of exploratory field research and executive experience, we propose that defining the quot;Minimum Winning Gamequot; (WMG) is a difficult yet critical responsibility of top management to keep a high-technology venture focused and able to learn from its ongoing efforts in...

Examines how major firms utilize R&D activities to create new businesses through internal corporate venturing (ICV). Using a qualitative method, this analysis was done for one large, U.S.-based high-technology firm. This firm has a new venture division, which was formed in the early 1970s. Data...

Examines the process of internal corporate venturing (ICV) and the issues and difficulties that arise. The model developed considers the strategic activities associated with these ventures both simultaneously and sequentially. Using the results of a study of the development of six ICV projects,...

This paper presents a process model of corporate venture capital (CVC) based on field research of JetBlue Technology Ventures (JTV), the CVC unit of JetBlue Airways. We examine how the JTV subsidiary was designed and staffed to enable effective interaction with the company’s internal...

If entrepreneurship remains as important to the economy as ever, then the continuing failure of mainstream economics to adequately account for entrepreneurship indicates that fundamental principles require re-evaluation. It seems no longer possible to expect that only theoretical refinements and...