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首页> 外文期刊>Journal of product innovation management >Top Management Support and Initial Strategic Assets: A Dependency Model for Internal Corporate Venture Performance
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Top Management Support and Initial Strategic Assets: A Dependency Model for Internal Corporate Venture Performance

机译：高层管理支持和初始战略资产：内部企业风险绩效的依赖模型

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摘要

Internal corporate venturing is frequently used by established companies desiring to innovate and grow. These ventures, however, often fail, and previous research has revealed surprisingly little about the antecedents to performance for this strategically important phenomenon. Using resource dependence theory and the resource-based view, a model is developed wherein the positive relationship between top management support and the internal corporate venture's (ICV) initial strategic asset endowment is moderated by the amount of the venture's operations autonomy. We then argue how top management support, the venture's initial strategic asset endowment, and parent-venture product similarity are related to ICV performance. Primary data were collected from 72 firms which furnished data on 145 ICVs. The results suggest that increases in the level of support provided by top management leads to higher levels of initial strategic assets endowed in the corporate venture. This relationship, however, is weakened the more corporate parents give their ICVs operations autonomy. Further, top management's support of the corporate venture, as well as the level of initial strategic assets endowed to the venture, increases the subsequent performance of the ICV. The performance benefit of these initial strategic assets, however, is lower the more there is an overlap between the parent's and the venture's products.
机译：内部公司冒险活动经常被渴望创新和成长的成熟公司使用。但是，这些冒险通常会失败，并且先前的研究几乎没有揭示这种具有战略意义的重要现象的表现先兆。使用资源依赖理论和基于资源的视图，开发了一个模型，其中通过企业的运营自主权来缓和高层管理人员支持与内部公司风险投资（ICV）的初始战略资产end赋之间的正向关系。然后，我们争论高层管理人员的支持，合资企业的初始战略资产end赋以及母公司产品的相似性如何与ICV绩效相关。从72家公司收集了主要数据，这些公司提供了145个ICV的数据。结果表明，高层管理人员提供的支持水平的提高导致企业风险投资中初始战略资产的水平更高。但是，这种关系随着越来越多的公司父母给予其ICV运营自主权而被削弱。此外，高层管理人员对公司风险投资的支持，以及赋予该风险投资的初始战略资产的水平，提高了ICV的后续绩效。但是，母公司产品与企业产品之间存在重叠的情况越多，这些初始战略资产的绩效收益就越低。

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