IDEAS home Printed from https://ideas.repec.org/a/wsi/jecxxx/v21y2013i03ns021849581350012x.html
   My bibliography  Save this article

EXPLORING INTERNAL CORPORATE VENTURING IN SMEs: EFFECTUATION AT WORK IN A NEW CONTEXT

Author

Listed:
  • MAJBRITT ROSTGAARD EVALD

    (University of Southern Denmark, Engstien 1, DK-6000 Kolding, Denmark)

  • MARTIN SENDEROVITZ

    (University of Southern Denmark, Engstien 1, DK-6000 Kolding, Denmark)

Abstract

This exploratory study investigates how small- and medium-sized enterprises (SMEs) may engage in business development through internal corporate venturing (ICV). We show, based upon three case studies, how ICV in SMEs may be organised in a predominantly improvised manner wherein unforeseen new business opportunities are created in an emergent and iterative trial-and-error process without predetermined goals and without pre-planned strategies. This is a process, we argue, that resembles predominantly effectuation logic. The study contributes to the stream of extant ICV literature by focusing on how SMEs engage in ICV. Moreover, the study contributes to the development of effectuation theory by demonstrating that effectuation logic makes sense, not only in its original venture creation context as suggested by Sarasvathy, but also with regard to how established SMEs infuse more innovative thinking through improvised ICV activities. Findings illustrate that, overall, SMEs act more effectual than causational; and also more than parts of the ICV literature suggest. However, looking at SMEs' ICV activities over several years, it becomes apparent that effectual logics are combined with more causational, pre-planned strategic behaviour.

Suggested Citation

  • Majbritt Rostgaard Evald & Martin Senderovitz, 2013. "EXPLORING INTERNAL CORPORATE VENTURING IN SMEs: EFFECTUATION AT WORK IN A NEW CONTEXT," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 21(03), pages 275-299.
    • Handle: RePEc:wsi:jecxxx:v:21:y:2013:i:03:n:s021849581350012x
    DOI: 10.1142/S021849581350012X
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S021849581350012X
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S021849581350012X?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. van Damme, E.E.C., 1999. "Millennium miljonairs," Other publications TiSEM 130338fe-4980-46b9-a0d6-6, Tilburg University, School of Economics and Management.
    2. van Damme, E.E.C., 1999. "Privaat ministerie (grapje, ontslag)," Other publications TiSEM 107c9d44-d09a-42f4-8268-9, Tilburg University, School of Economics and Management.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Richard A. Martina, 2020. "Toward a theory of affordable loss," Small Business Economics, Springer, vol. 54(3), pages 751-774, March.
    2. Elżbieta Duliniec, 2018. "Mechanizmy decyzyjne w przedsiębiorstwach wcześnie umiędzynarodowionych," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 99-128.
    3. Katrin M. Smolka & Ingrid Verheul & Katrin Burmeister–Lamp & Pursey P.M.A.R. Heugens, 2018. "Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance," Entrepreneurship Theory and Practice, , vol. 42(4), pages 571-604, July.
    4. Kliewe, Thorsten & Alfert, Carina & Baaken, Thomas, 2019. "Corporate Venture Management und Entrepreneurial Marketing," PraxisWISSEN Marketing: German Journal of Marketing, AfM – Arbeitsgemeinschaft für Marketing, vol. 4(01/2019), pages 16-31.
    5. Reija A. Häkkinen, 2015. "Effectuating Person-Organization Fit - Effectuation in Organizations," Journal of Entrepreneurial and Organizational Diversity, European Research Institute on Cooperative and Social Enterprises, vol. 4(2), pages 1-21, December.
    6. Yi Jiang & Charles-Clemens Rüling, 2019. "Opening the Black Box of Effectuation Processes: Characteristics and Dominant Types," Entrepreneurship Theory and Practice, , vol. 43(1), pages 171-202, January.
    7. Alexander McKelvie & Gaylen N. Chandler & Dawn R. DeTienne & Anette Johansson, 2020. "The measurement of effectuation: highlighting research tensions and opportunities for the future," Small Business Economics, Springer, vol. 54(3), pages 689-720, March.
    8. Nadeera Ranabahu & Mary Barrett, 2020. "Does practice make micro-entrepreneurs perfect? An investigation of expertise acquisition using effectuation and causation," Small Business Economics, Springer, vol. 54(3), pages 883-905, March.
    9. Maryia Akulava & Maribel Guerrero, 2023. "Entrepreneurial gendered ambidexterity in Belarusian SMEs," The Journal of Technology Transfer, Springer, vol. 48(6), pages 1919-1944, December.
    10. Prescott C. Ensign & Nicholas P. Robinson, 2016. "Offensive and Defensive Corporate Entrepreneurship: Learning to Think Like an Outsider," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 24(02), pages 169-191, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:jecxxx:v:21:y:2013:i:03:n:s021849581350012x. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/jec/jec.shtml .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.